If you are the owner of a classic car then it is quite likely that you have seen your insurance premium for your cherished vehicle go up at some point in 2017. Whilst we do not have any specific figures relating to the possible rise in the cost of classic car insurance there is data available for ordinary motor insurance showing that average premiums have risen last year and there is nothing to suggest that there has not been a similar rise for classic vehicle cover.
In fact, the Confused.com car insurance price index reveals that car insurance premiums for fully comprehensive cover rose by an average of £60 per annum with this equating to an increase of 8% per annum to £827 a year when comparing the end of 2017 with the end of 2016. We are sure you will agree that is an increase that motorists could well have done without having to find especially as many have been faced with an increase in their mortgage repayments.
The above index revealed that car insurance premiums for those living in the Borders of Scotland had gone up by more than anywhere else in the UK. There had been a rise of 17% with this equating to an increase of an average of £92 per annum.
Unfortunately, not all motorists shop around to see if they can get cheaper insurance for their classic car from another provider. Too many people merely file their renewal notice that they receive once a year and just accept that their premium has gone up. Rather than do that he or she may have been better to do some research and see if they can obtain the cover that they require but for a lower premium than their existing insurer is quoting. There are a number of ways that quotes can be obtained with one of the quickest being to use the services of a price comparison website.