Quite a lot of classic car owners also own a family car for everyday use such as driving to an out of town supermarket to do the weekly shop or for commuting to work. You will be pleased to hear that the average cost of insuring a car continues to fall as it has been doing since the end of the 4th quarter of 2023 when premiums peaked at an average of £995 per annum for comprehensive cover.

Every quarter, Confused.com, that is a well-known price comparison website, publishes its Car Insurance Price Index. The most recent index reveals that, in the three months to February 2026, the average quoted premium for comprehensive car insurance in the UK amounted to £711 per annum. As you can see, that is a significant reduction when compared to back in December 2023.

Whilst the index refers to insuring the likes of a family saloon or hatchback car, it is to be hoped that the average cost of classic car insurance has also come down.

It will probably not come as a surprise to most readers to hear that when car insurance companies work out how much they are going to charge a motorist to insure his or her car they take into account a variety of risk factors. For instance, the make and model of car as a high performance car is, on average, more likely to be stolen or be involved in a road traffic accident than a 1 litre 3 door hatchback. Those motorists who drive 30,000 miles per annum are, on average, more likely to be involved in a road traffic accident than a motorist who only does say 3,000 miles per annum in his or her car.

Another risk factor is a motorist’s age. On average, it tends to be the younger driver who is at greater risk of being involved in a road traffic accident due in part to their limited driving experience when compared to a motorist who has been driving a car for 20 or 30 years. For instance, according to the above index, those motorists aged between 17 to 20 pay an average of £1,837 per annum to insure his or her car. Those in the age bracket 30 to 39 pay, on average, £850 per annum and those in the age bracket 60 to 69 pay an average of £448 per annum. AS you can see, there is a huge difference in premium costs.

There are many providers of classic car insurance and we provide access to a panel of some insurers. So, if you are looking for a competitive quote without any obligation why not get in touch with us at your earliest convenience to obtain a quotation. We look forward to hearing from you.