You are here: Home / Insurance / Classic Car Insurance – One of the Biggest Benefits to Buying a Classic Car

Classic Car Insurance – One of the Biggest Benefits to Buying a Classic Car

Classic cars remain an exciting investment for many people; however, attempting to convince spouses that this isn’t a waste of money can be a challenge. You need to ensure that you explain the many benefits of owning this style of car. One of the biggest benefits is the savings that you make with the insurance.

Strangford Lough at Killinchy, Co. Down, Northern Ireland. E-type Jaguar motorcar driving on country lane.

There are numerous different classic cars available, and you need to think about the sheer size of the project that you want to get involved with and why you want an older car. Some people simply love the thought of restoring and preserving a piece of history. There is something magical about driving around in a beautifully restored classic car.

Some people do not understand the appeal of this style of car, however, the concept of no road tax and classic car insurance makes the ideal interesting. You will soon discover that the insurance policies for this style of the vehicle are far more affordable. However, the policies do range in price, and often the make and model of the car determines the overall price.

You will need to think about whether you intend to drive the classic car, or whether it is to be stored and admired. This will affect the overall price of the insurance policy, and for some situations the insurance is considered specialist. As with all car insurance policies, there are several criteria’s that need to be met.

The age of the driver needs to be taken into consideration, and where the classic car will be stored overnight. The mileage that the car has done is not typically used; however, the intended mileage will be a factor. You need to answer all of the questions honestly, and ensure that you take the time to choose the policy correctly.

Valuing the classic car may be difficult, which is why companies tend to use a system called agreed value coverage. This is where you and the insurer agree a price upfront, and this is stated on the policy for the insurance. There are also offer factors that are often insured such as coverage for accessories and spare parts.

You need to research the different discounts that you are able to receive when you own a classic car, as this will save you vast amounts of money. Taking the time and effort to shop around can be beneficial to your pocket. Whether you have bought a classic car to renovate, or one that has been running for years, the savings will help.

There are many different insurance companies for you to choose, and make sure that you do not instantly have to the most popular. Look at a variety of different companies and ask for quotes from them all. Once you have the classic car that you have always dreamed of, you want to know that you have the most affordable insurance.

About John Evans

Comments are closed.

Scroll To Top