Classic car owners may be interested and concerned to read that, on average, motor insurance premiums have risen in the last quarter of 2018. Therefore, it is quite possible that the cost of insuring a classic car has also increased. This may mean that classic car enthusiasts suffer twofold as both the cost of insuring their standard car that they drive around in most days and their vintage car that may come out of the garage when the weather is favourable on a weekend have gone up.

According to the car insurance price index produced by with the assistance of Willis Towers Watson, the average cost of insuring a family car for fully comprehensive cover has risen by £14 per annum to £774 per annum in the 4th quarter of 2018. That equates to an increase of 2% when comparing the figures with Q3 of 2018 and will not go down well with motorists.

The most expensive place as far as insurance is concerned to cover a car is in Inner London where the average cost of insuring a vehicle is in excess of £1,000 per annum.

As far as age having an impact on premiums, on average, an 18 year old is paying £1,983 per annum with this being more than any other age bracket. It is interesting to note that the average cost of fully comprehensive cover for a 34 year old is £671 per annum.

There are so many providers of classic car insurance here in the UK that you may wish to see if you can get your existing cover cheaper elsewhere when your valuable policy comes up for renewal. In this respect, you could use the services of one or more price comparison websites to obtain a number of quotes and compare the level of cover available. If you can save yourself some money but still have excellent cover then it should be fairly easy to transfer your cover to a new provider.