If you're looking for car insurance for a classic car what sort of policy features do you need and how can you find a good deal? This guide will explain.
Classic car insurance works differently to conventional car insurance. Firstly, classic cars are categorised based on age as follows:
- Veterans: Referring to vehicles manufactured up to December 1904.
- Edwardian: Vehicles produced from January 1905-December 1918.
- Vintage: Vehicles manufactured between December 1918 and 1933.
- Classics: Normally these vehicles are manufactured before 1974 although there are exceptions.
- Cherished: These are collectible or rare vehicles that are five- to 10 years old.
Once you have established which category your vehicle fits into, it's time to get in touch with an insurer. With conventional insurers, your first move should be to compare quotes online with a comparison website. However, with classic cars you should also consider specialist insurers such as Footman James, Heritage Motor and Performance Direct.
Specialist insurers often offer unique policy options that are well suited to classic car drivers. Typically these include agreed valuations in case your vehicle is written off in an accident; courtesy cars; cover for events such as rallies and sprints; and laid-up insurance if your car is off the road while being restored.
Indeed specialist classic car insurance providers may also offer unique discounts such as money off for joining a car club or for agreeing to a limited mileage.
Whichever classic car you own however, don't pay over the odds for classic car insurance. Remember you can still compare quotes from conventional insurers if the specialists are too expensive - they may not offer the same policy options but many regular providers will still offer classic car insurance quotes.
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