Each quarter, Confused.com, the price comparison website, publishes its car insurance price index. Unfortunately, according to the index, the cost of insuring a motor vehicle has gone up in the last year. In the first quarter of last year the average amount charged for comprehensive cover was £762 per annum but in the first quarter of 2020 the figure had risen to an average of £809 per annum – an increase of £47 per annum.

This news will disappoint motorists but it could cause even greater concern for classic car owners as most will not only own a classic car but also have a normal car for every day use. Therefore it is quite possible that they will be faced with having to pay more for both types of cover.

If you live in Inner London you may be paying more for your car insurance than anywhere else in the UK with the average premium being £1,272 for fully comprehensive cover. Premiums in that region have gone up by an average of £119 per annum in the last year.

An 18 year old is paying an average of £2,134 per annum although we appreciate that there are probably not going to be too many classic car owners of that age. A 36 year old is paying an average of £674 a year.

Unfortunately, there are still an awful lot of motorists who do not bother to shop around for their motor insurance. Many, upon receipt of their renewal notice, merely give it a cursory glance and then just file the paperwork. However, if they had spent a short period of time trying to see if they were able to get the same level of cover cheaper elsewhere some would probably have been able to do so.

If you are looking for a competitive classic car insurance quotation then why not get ion touch with us and we will do all that we can to assist. We very much look forward to hearing from you.