Rise in Classic Car Insurance Irrespective of Decline in Theft

According to a recent survey, it is found out that there has been a considerate fall in the rate of thefts. The major reason contributing to decrease in theft rate is the installation of hi-tech security measures. The safety devices being installed in the cars like coded keys, immobilisers and lock systems have contributed a lot in avoiding thefts cases. In spite of this decline in thefts, the classic car insurance cover quotes have not seen a reduction.

A spokesperson for a classic car insurance site quoted that although it is good to see a drop in the car thefts but the insurance prices are still forced up. It is good to find your car in the garage every morning but then it is not so exciting to pay the same high or even higher classic car insurance cover for your motor.

With the decrease in the number of car thefts, there must surely be a decrease in the car insurance prices considering the insurance companies can in turn also relax from paying the claim for the thefts.

In spite of high or no reduction in the classic car insurance prices, the insurance experts’ advice the classic car insurance buyers it is good to browse online while applying for a deal. This is beneficial as one can easily compare various deals offered by the different insurance providers. You can decide on the deal that best suits your requirements along with your priced classic car.

The thefts might have declined as a result of the advance locking systems where you do require keys to get in. The thefts still exist and you would not want your classic car to become of a victim of the same.

 

About Anne Jacobs

I am a full time insurance underwriter with a love for writing. I work in the UK at a classic car insurance company. My other hobbies are going to the gym and aerobics (when I am not looking after my 3 year old daughter Jessie.

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