Classic car insurance is unique in that it requires a totally different type of cover to that of a regular car. However, due to blurring of the lines as to what defines a classic car, many insurance providers only offer the owners of classic cars the same type of policy as a modern car. As the insurance needs for the two types of car vary so significantly, it is unsurprising that the number of companies which specialise in classic car insurance has grown in response to the gap in the market.
They offer classic car insurance policies, used for both social and domestic driving and those kept in storage. Either way, the majority of classic car insurers ask that the car is driven less than around 8,000 miles per year, and many offer discounts on the cost of the premium if the owner agrees a lower maximum annual mileage.
For further savings on your classic car premium, discounts may also be offered if the owner is a member of a classic car club or association, and many specialist providers offer cover for classic car rallies and similar events.
The majority of classic car insurance providers base their policies on an agreed value of the car. It is for this value which is the insurance company will pay out if the car is stolen or damaged beyond repair.
The UK’s leading online car insurance providers often have partnerships with specialist classic car insurers, and this would be an ideal place to start your search for suitable insurance. It ensures you have the dependability and support of an established company combined with the specialist knowledge and flexibility of classic car insurance experts. It is likely that a specialist provider will offer the best deal, but don’t forget to shop around for the most appropriate cover that best fits your needs.
*All information displayed in this table is subject to change. Please consult individual insurers for terms and conditions.
