You will no doubt be aware that there are excesses with car insurance for modern vehicles and these can make a difference to the premium that you pay. The situation is no different with classic car insurance.
There is usually a compulsory excess payable with classic car insurance and that figure can vary between different insurance companies. There is often also the option to pay a voluntary excess and, again, the amount of the voluntary excess that you can choose can vary between insurers.
The benefit of being able to choose from a range of voluntary excess amounts is that this can help reduce the classic car insurance premium that you will pay and in the current financial climate that could be a good thing. Of course, if you select a larger excess, you will no doubt reduce your premium. That is fine until you have an accident and need to claim on the policy. Should that happen, you might be faced with having to find several hundred pounds to pay both the compulsory and voluntary excesses.
Therefore, when deciding the amount of the voluntary excess, you should ideally make sure that you have access to sufficient funds to cover both excesses in the event of making a claim. That may come from savings or using a credit card or a combination of both.
With so many providers of classic car insurance it may pay you to shop around for the cover that you require at the lowest premium you can get. One of the ways of doing this is to use a price comparison website like the one that you are on. You should be able to access a number of classic car insurance providers and check the excesses they offer and compare a number of quotes. This is a quick and simple process that you can do anytime of the day or night.