There are a number of providers of classic car insurance so it is important that you choose a company that provides the cover you require at a price you can afford. One of the ways of researching the cover available and the cost is by using a classic car insurance price comparison website so that you can look at a number of different insurers.
You should usually find that classic car insurance premiums are lower than that of insuring a modern car because insurers believe classic car owners will take greater care of their cars and they will travel fewer miles.
Below are a number of unique features and benefits that tend to be included with classic car insurance but not with insuring modern cars: –
This gives you the peace of mind that, should your car be written off, you will receive the certified value (minus the excess) of the car not the current market value.
Club member discounts
A number of providers of classic car insurance have schemes in place with some classic car clubs where discounts of up to 25% are sometimes available.
Laid up cover
There may be an occasion when you do not want to drive your car for a number of months whilst you are carrying out some restoration work. Laid Up insurance will cover your classic car in this situation for fire, theft and accidental damage at a lower premium than normal.
Limited mileage insurance
Assuming that your classic car is your second car it is likely that it will be used less frequently than your main vehicle so you can limit the amount of miles you will do each policy year in the classic car thus bringing down the premium. Cover can often be arranged where you are agreeable to driving no more than 1,500 miles per annum.
So, take your time and choose your cover wisely.