Most classic car owners also own a standard family saloon or hatchback car that they use to get to work and back as well as doing the weekly shop in. Those cars will be insured unless kept off the public road system and declared SORN (Statutory Off Road Notification).

Someone who owns a classic car not only has to insure their run around but also their cherished vehicle. So, if standard car insurance premiums go up, it is quite possible that the cost of insuring their classic vehicle will also increase.

So, what has been happening to car insurance premiums? Well, according to the car insurance price index that is produced every quarter, the average cost of fully comprehensive car insurance has gone up by £23 in the 12 months to the third quarter of 2019 from £760 per annum to £783 per annum. This equates to a rise of 3%. This is something that all motorists could have done without.

The index reveals that an 18 year old driver is paying an average of £2,067 per annum to insure their vehicle. By the time you get to 23 years of age, the cost comes down significantly to an average of £1,306 per annum. Get to age 34 and the average cost of insuring your car with fully comprehensive cover has dropped even more to £683 per annum.

Where you live has an impact on how much you will be charged. The most expensive region is Inner London where you can expect to pay an average of £1,213 per annum to insure your motor car.

Whether you are looking to insure your family car or your classic car you may wish to shop around to try to find a competitive price. A great way of doing this is by using the services of a specialist price comparison website of which there are several. We will be pleased to offer our assistance so why not get in touch with us whether you are looking for cover for the first time or your existing policy is shortly due for renewal.