As you are no doubt aware, it is possible to insure an 18 year old driver on his or her own car insurance policy although that person can expect to pay a hefty premium. This is because of the perceived risk as, statistically, a motorist of that age is more likely to be involved in a motoring accident than an experienced 50 year old driver.
One of the criteria that a classic car insurance company may insist on to consider insuring an 18 year old young driver is that the car must have been built before 1985.
However, what is the situation if a driver of say 18 wants to be insured to drive a classic car that has just been bought for them by his or her parents as a birthday present? Well, quite a bit of shopping around will need to be done to try to find one or more insurance companies that will consider providing classic car insurance for someone of that age as there are not as many insurers that would consider such cover in comparison to insuring a 50 year old.
An insurance company is likely to lay down additional criteria to do so. For instance, the classic car’s owner may well need to also be insured to drive another car that they have access to use on a daily basis. They are probably going to need to be a member of a classic car owners club. They are likely to be more limited to the number of miles that they can drive in the car each year. The classic car may well need to be built before 1985.
As you can see, unfortunately, it may not be straightforward for a young motorist of 18 to get classic car insurance. In that respect, why not get in touch with us to see if we can help you obtain such cover for a competitive premium. On this point, just as with normal car insurance, a young driver is likely to have to pay quite a bit more for their classic car insurance than a 55 year old.
We look forward to hearing from you.
