Every 3 months the well known price comparison website Confused.com produces its car insurance price index highlighting such things as how much it costs on average to insure a car. Whilst the report relates to standard cars such as family hatchbacks it is quite possible that premiums for insuring a classic car may also have changed in a similar way.
It is worth pointing out that a large number of classic car enthusiasts also own a family saloon car for everyday use such as commuting to work or popping to the supermarket. In some cases, their classic cars may just come out on a sunny Saturday or Sunday afternoon.
Readers will be pleased to hear that the average cost of UK car insurance in the 3 months from June 2025 to August 2025 fell once again to its lowest level in over 2 years. Premiums averaged £735 per annum. That is a fall of £22 per annum when compared with the previous 3 months and is £136 per annum less than a year ago with this equating to a fall of 16%. We are sure that you will agree this is a significant reduction and one that will surely be welcomed by people here in the UK with some motorists who have and still are going through difficult financial times.
Many motorists will be aware that there are an awful lot of things that impact how much a motor insurance company charges its policyholders to insure their vehicles such as the make and model of the car, the number of miles it is driven each year, the value of the car, the driver’s claims experience, where the car is kept overnight and the age of the motorist.
It will not come as a surprise to many motorists to read that a young, inexperienced driver is likely, on average, to pay more to insure their motor car than an older, experienced driver. Statistically, a young 18 year old driver is more likely to be involved in a road traffic accident than a 50 year old driver.
The average premium paid by an 18 year old driver amounted to £2,342 per annum but this was £569 per annum less than a year ago. A 17 year old paid an average of £2,008 per annum with this being £780 lower than 12 months ago. A 30 year old motorist paid an average of £997 per annum and a 60 year old an average of 3494 per annum. As you can see, that is a huge difference.
Where a motorist lives has a bearing on the amount he or she is charged for car insurance. The most expensive region is Inner London with premiums averaging £1,149 per annum. The cheapest region is the South West with car insurance premiums averaging £499 per annum. So, as you can see, a huge difference.
If you are looking for a classic car insurance quotation, why not get in touch with us today to obtain a no-obligation, competitive quote. We look forward to hearing from you.
