It should not come as a surprise to read that there are a number of factors that affect the level of your classic car insurance premiums so you may find it useful if we were to look at some of these in a little more detail. After all, as a result, you may find a factor that could reduce the premium you are presently paying and that has got to be a positive factor.


Your age and how long you have had held your driving license is seen as a reflection of how experienced a driver you are. So, if you are 50 years of age and have held a clean driving license for 30 years your premium is likely to be lower than if you are 20 years of age with 2 years driving experience.

classic car insurance premiums are affected by different things such as the drivers age

A Ferrari 250 GTO will cost more to insure than a Morris Minor

Make, model and value of classic car

A Ferrari valued at £10 million is going to be more expensive to insure than a Morris Minor valued at £15,000.


If you only travel 1,000 miles each year in your vintage car you are less likely to have an accident than if you travelled 7,000 miles per annum so you would expect to pay less for your classic car insurance if you travel fewer miles.

Level of cover

There are 4 levels of cover with those being laid up, third party, third party fire and theft and fully comprehensive cover with the former tending to be the cheapest and the later the most expensive.


Where your classic car is located in the country will have a bearing on the premium as there are certain “hot-spots” that have a bad reputation for the theft of cars. Also, if you leave your classic car in the garage overnight it is likely to be cheaper to insure than if it were parked on the road outside your house overnight.

Driving record

If you have points on your driving license for speeding or have had a number of car accidents you are likely to pay more for your classic car insurance than if you did not.

Security devices

If you have gone to the trouble of fitting an alarm, engine immobiliser and tracking device then your premiums may be lower than if you had no security devices fitted.

Hopefully, the above is of benefit.