Classic car insurance is widely available from the likes of some of the major car insurers to specialist classic car insurers through insurance brokers in the high street, on the phone and on the Internet either through such places as specialist brokers, direct with the insurer or price comparison websites. The benefit to you, the customer, is that you have plenty of choice so, hopefully, can get the cover you require at an affordable premium.
Below are just some examples of the benefits you can (or cannot) get with classic car insurance: –
How old does your car need to be to get classic car insurance?
The age varies between insurers with some saying 10 years but others insisting on a minimum of 15 years of age.
What is Agreed Value?
It is a valuation that is agreed by the insurer for your car that is the sum that would be paid out (excluding the policy excess) should your car be totally written off.
Again, this will vary between insurers but would normally be anything between 1,500 to 7,500 miles per annum that is one of the reasons why classic car insurance is usually cheaper than standard car insurance as if you only travel say 1,000 miles a year you can expect to pay less for your insurance than if you did 7,000 miles each year.
Does being a member of a classic car club benefit you?
Many classic car insurers will provide a discount of up to 15% on your insurance if you are a member of a classic car club.
No claims bonus?
You cannot build up a no claims bonus with classic car insurance.
Levels of cover?
You can arrange fully comprehensive, third party fire and theft or third party classic car insurance but there is also Laid Up cover available for when you take your classic car off the road for repair and restoration work when you would be covered for theft, fire and accidental damage.
It is possible to include other benefits such as breakdown cover and legal protection.