The vast majority of classic car owners probably also own a family saloon or hatchback for everyday use such as for commuting to work or doing the weekly shopping at a supermarket. Therefore, especially in the current economic climate, those people will no doubt be pleased to read that the average car insurance premium has fallen for yet another quarter.
According to the Confused.com Car Insurance Price Index, the average cost of car insurance in the 3 months up to November 2025 amounted to £726 per annum. This is a fall of £111 per annum in comparison to a year ago with this equating to a fall of 13%.
Whilst this is good news, it is worth noting that when motorists received a renewal quote in the 3 months to November 2025, 42% of them saw their premiums go up by an average of £72 per annum. For those motorists who took the trouble to shop around for a quote, him or her was able, on average, to save £87 per annum.
Car insurance premiums, on average, peaked at an average of £995 per annum in December 2023 with a gradual reduction on a quarterly basis since then.
Whilst the above index relates to car insurance, it may be that the cost of classic car insurance has also been coming down in the last couple of years or so.
There are numerous factors that impact how much you pay for your car insurance such as the make and model of car, where you live, how old you are, the number of miles you drive each year and the level of cover you want such as say fully comprehensive or third party fire and theft.
It will not come as a surprise to read that it is the younger driver who, on average, pays more for his or her car insurance than the more mature driver. One of the reasons for this is that a young driver is more likely to be involved in a road traffic accident than an older motorist who has more experience. For instance, an 18 year old pays an average of £2,262 per annum to insure his or her car although this is an average of £504 per annum less than a year ago. Those aged between 30 to 39 pay an average of £867 per annum compared to an average of £1,002 per annum a year ago. A 60 to 69 year old driver pays an average of £452 per annum compared to an average of £520 per annum a year ago.
Where you live also has a big impact upon the car insurance premium you will pay with motorists in Inner London paying the most -= an average of £1,119 per annum. It is the South West region where drivers pay the lowest average premium at £500 per annum. As you can see, there is a big difference between those two regions.
If your classic car insurance is shortly coming up for renewal or you are looking for cover for the first time, why not get in contact with us to obtain a quote.
