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Classic Car Insurance

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Classic Car Insurance

Classic Car Insurance Quotes Comparison

Find your purrfect classic car insurance quote here via Comparison Cat! Simply visit this link!

Insurance quotes are provided by Quotezone.co.uk (which is a trading style of Seopa Ltd, which is a limited company registered in Northern Ireland).

A line-up of Classic Porsches

Are you a classic car enthusiast and the proud owner of one of these beauties? If so, have you wondered whether regular vehicle insurance policies are enough to safeguard your prized possession? The answer might be no, unfortunately. Classic cars may require specialised coverage to protect them against various risks such as theft, fire, and damage in the event of an accident or vandalisation. In this blog post, we will dive deep into the subject of classic car insurance: what qualifies as a classic car, the differences between collector car insurance and regular insurance policies, how insurers calculate quotes, and the various add-ons available. We will also look at ways to reduce the cost of classic car insurance. So, buckle up and let’s get started!

The good news is that classic auto insurance policies are generally cheaper than standard auto insurance.

Compare quotes – Great Deals

Are you in search of classic car insurance? Your search ends here. There is a way to compare quotes and find the insurance you need. See if you can find the best policy for you.

Here at Comparison Cat, we can make things easy for you to find an extensive range of Classic Car and Vintage Car Insurance quotes. Simply visit this link, submit a few details about yourself, your collectors’ car, and your policy requirements, and let the software find a great deal for you from a wide range of classic car insurance companies. Insurance quotes are provided by Quotezone.co.uk (which is a trading style of Seopa Ltd, which is a limited company registered in Northern Ireland). It’s a hassle-free way to get a quote from some of the UK’s best classic car insurance providers. After you are done, you can leave a rating at trustpilot.com, at https://uk.trustpilot.com/review/comparisoncat.co.uk, to let others know about your experience.

Looking for a comparison quote service for kit cars? Please click this link.

Looking for a comparison quote service for normal cars? Please click this link.

When is a car classed as a classic car?

Although there’s no exact definition of what is considered a historic vehicle (or antique car, if you prefer that term), a car that is 40 years or older is generally classed as a classic car here in the UK. However, there is no fixed definition and the question of when a car becomes a classic is subjective, even for insurance companies. Some insurance providers even define a classic car as anything being over 10 or 15 years old. In the UK, historic vehicles (a government definition and a legal vehicle category for which vehicles over 40 years old are eligible to be classified – applied on a rolling basis every year) are exempt from being charged road tax and the requirement to have an MOT. It’s essential to note that the definition of a classic vehicle may vary from one insurer to another.

Jaguar E-type – an iconic classic car!

What is the difference between classic car insurance and regular insurance?

Classic car insurance differs from regular car insurance in a few ways and there may be a few key differences between classic vehicle insurance and standard auto policies.

In the UK, the three main types of car insurance are Third Party, Third Party, Fire and Theft, and Comprehensive cover. Comprehensive cover offers the most extensive protection, covering costs for repairing the car belonging to an at-fault driver. By exploring all the available options and finding the right type of coverage for your classic car, you can ensure it is protected in any situation.

So, classic car insurance can cover all the normal risks associated with vehicle ownership, just the same as regular car insurance. However, classic car policies usually come with more stringent terms and conditions, for instance, where the vehicle is kept or stored, and there may be a mileage cap on the usage of the vehicle.

Classic car insurance policies may also offer additional benefits like restoration and exhibition cover. Make sure you understand the coverage you are getting before choosing a policy.

If you want to insure your classic vehicle with modifications, you will need to tell your insurer about the changes. This could increase the premium. Also, anything that increases the risk of theft or alters the power of the vehicle’s engine could increase the rate you will have to pay.

Despite the added benefits that may come with classic car insurance, such as ‘agreed valuation’ these policies are usually cheaper than regular car insurance. However, bear in mind that classic car insurance policies usually don’t come with a no-claims discount, as Classic Cars are usually used as secondary, non-everyday vehicles.

If you plan to use your classic car as a daily driver, you may want to consider a standard auto policy to make sure you have enough coverage. And if you have multiple classic cars or modern cars, you may be eligible for multi-car discounts on your insurance.

VW Beetle

What does an ‘agreed valuation’ mean?

In the context of classic car insurance, the term ‘agreed valuation’ refers to a predetermined value of the car agreed upon by both the policyholder and insurance provider. The agreed value is used to determine how much the car is covered for and will be paid out in the event of an accident, theft or other loss. In most cases, insurers will request photographs, and perhaps even a professional appraisal of the car, before agreeing on a value. This type of policy may be known as ‘agreed value cover’ or ‘agreed valuation.’ With agreed value cover, you are guaranteed to receive the agreed amount in case of a total loss, theft, or other calamities, regardless of the car’s market value at that time. Therefore, an agreed valuation helps to ensure that you will always be compensated adequately for your car.

Is classic car insurance cheaper than regular car insurance?

In most cases, classic car insurance is usually much cheaper than standard car insurance. Classic car owners are generally assumed to drive their vehicles infrequently and to keep their cars well-maintained. However, the insurance premiums may be higher for more expensive classic cars. The added benefits of classic car insurance may include agreed-upon replacement value if the car is stolen or ‘totalled’, higher reimbursement for repairs, and specialised transportation for the vehicle. It makes complete sense to invest in a specialised insurance policy if you own a classic car, as it secures your asset and provides peace of mind.

What add-ons are available for classic car insurance policies?

Classic car insurance provides protection for vintage vehicles that are not typically insured under regular car insurance policies. Besides standard coverage for liability and collision, you might be able to include various add-ons to your policy, sometimes at no extra cost. These include agreed value coverage, tiered mileage plans, and spare parts coverage, which can help cover the cost of repairing or replacing parts of your classic car. Transportation coverage can be purchased, which can help cover the cost of recovering your classic car in an emergency.

You might also be able to add automobilia, such as hood ornaments, to your policy for an additional premium. Sometimes, restoration work and spare parts coverage may be available too. Other potential add-on coverage could be for vintage show displays, weddings and other special occasion usages, such as track day cover, time trial and rallying. (However, it is important to note that a separate policy may be required for full coverage during these sorts of events.) Also, cover may be extended to include breakdown and recovery (roadside assistance), car hire, key cover, and legal and personal accident cover. Additionally, multiple driver insurance policies are available for those who share ownership of their classic car.

Going abroad

Are you going to be driving your cherished vehicle in France, Spain, Italy or Switzerland, for example?

One important addition is European driving coverage, which provides protection if your car is damaged or stolen while abroad.

Overall, it’s important to carefully consider your needs and options when choosing add-ons for your classic car insurance policy.

Ferrari 328 GTSi

How can I reduce the cost of classic car insurance?

Are you looking for cheap insurance? Prices for classic car insurance may still be affected by traditional elements of car insurance, such as the driver’s age, driving record, and the make and model of the car, but there are a few things to be aware of which may help reduce the cost of obtaining a policy.

Start by shopping around and getting quotes from several different insurance companies – it’s such a good idea!

Compare quotes

Here at Comparison Cat, we can make things easy for you to find an extensive range of Classic Car Insurance Quotes. Simply visit this link, submit a few details about yourself, your classic car, and your policy requirements, and let the software find a great deal for you. Insurance quotes are provided by Quotezone.co.uk (which is a trading style of Seopa Ltd, which is a limited company registered in Northern Ireland). It’s a hassle-free way to get a quote from some of the UK’s best classic car insurance companies.

Some companies offer lower rates than others. Classic car insurance policies are generally cheaper than standard car insurance policies. To reduce the risk of theft or damage, keep your classic car locked up in a garage when not in use. Also, if you can, avoid driving your classic car often and opt for a limited mileage policy, which, depending on the exact circumstances, may lower your insurance costs.

By taking these steps, you may be able to save money on your classic car insurance while ensuring your prized possession is protected.

Increase security

If you own a classic car, you can increase your security measures to keep it safe. Classic car insurers assume that older cars will be driven with more care and caution than newer models, and, if possible, keep your car in a secure garage or storage facility when it’s not in use.

Join a car club

One of the best ways to get low-cost classic car insurance is by joining a car club. Being a member of a car club demonstrates to insurers that you’re committed to taking good care of your prized possession. By sharing the responsibility with fellow car enthusiasts, club members can also reduce the risks of theft, damage, and depreciation of their classic cars.

Car clubs also provide access to a network of like-minded individuals with the same passion for classic cars. They frequently provide a range of social activities and events for members. Additionally, car clubs may offer special discounts on car servicing and other benefits.

One Classic Car Club you might like to consider is Club RetroTorque. You can join for free at https://retrotorque.com.

Curb your mileage (not your alloy or wire wheels!)

One essential factor to consider when insuring your Classic Car is the mileage cap. Classic Car insurance policies often have a mileage limit of around 5,000 miles annually. If you keep your annual mileage low, you can significantly lower your premium. If you think you are going to exceed your mileage limit, you should contact your insurer to see if an extension is available.

Fit a tracker and immobiliser

If you own a classic car, fitting a tracker and immobiliser could lead to a reduction in insurance premiums. Insurance providers often offer discounts for cars equipped with an immobiliser or tracking devices installed. Installing security features in classic cars could help minimise the premium costs as they can reduce the chances of your car being stolen, and potentially easier to find in case the worst does happen.

Pay annually

When it comes to classic car insurance, paying annually is often the cheapest option.

Final points

Make sure to carefully read the terms of your insurance policy to ensure all the coverage you desire is included in your Classic Car Insurance Cover as it’s important to protect your investment with the right insurance coverage. You may choose to consider whether the policy includes cover for bodily injuries and personal injury protection, medical bills, property damage, and damage and accidents caused by uninsured and underinsured motorists. You might also like to be sure to look for policies that offer coverage for authentic replacement parts.

Remember to choose the policy that best suits your needs when selecting car insurance. Whether you only take your classic car out for weekend drives or use it as a daily driver, there is a policy that can provide the coverage you need.

Classic Car insurance is an essential investment that protects you from financial losses due to accidents, theft, or damage to your vehicle. If you drive a car on UK roads, it is a legal requirement to have auto insurance, so finding the right coverage is vital.

Comparison Cat can help point you in the right direction in finding great deals on your car insurance. Insurance quotes are provided by Quotezone.co.uk (which is a trading style of Seopa Ltd, which is a limited company registered in Northern Ireland). Please click on the link below:

Find great deals on Classic Car Insurance.

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