Your Classic Car Is Worth A Lot So Don't Be Stingy And Get Cheap Insurance That You'll Soon Regret

Almost all insurance companies provide a completely different design for covering classic cars, which is distinctly called classic car insurance. Before you apply for this type of policy though, you need to know whether your car qualifies as classic and if it does, then for which category. As per UK Governments' Revenue and Custom department, a car qualifies as a classic if it is worth £15,000 or over and is at least 10 years old.

There are mainly five different groups of cars that are classified as classic or vintage and they are:

_Veteran:_Cars manufactured on or before December 1904
Edwardian: Cars manufactured from January 1905 to December 1918
Vintage: Cars manufactured from January 1919 to December 1930
Classic: Usually the cars that are manufactured before 1973, but it includes some exceptions
Cherished: 5-10 years old cars, which are considered as rare or collectible

Why Avoid Standard Car Insurance Companies?

Now, if you know that you own a classic car, then you can start looking for a proper insurance company that specifically deals in selling classic car insurance. You should try to avoid standard or mainstream insurers, as they can cause you a lot of hassle at the time of making your claim. The standard insurance companies do not take classic cars any different from standard cars and hence they don't guarantee you the value of your car at the time of loss. They don't recognise classic cars as collectible ones and hence they are unable to provide you the proper appreciation for your car.

Why to Opt for a Specialist Insurer?

It provides you with cost-effective insurance cover, especially in the case when you don't drive your classic car frequently. Renowned insurance companies are most willing to provide discounts on classic car insurance to as much as 25%. Besides providing you with standard services, this insurance grants you some additional value-added services, like windscreen refurbishment, replacement service and roadside breakdown help service. Moreover, this insurance provides you a guaranteed value for your classic car, which depends on the overall condition of the car.

There are certain factors which decide whether you are eligible for a classic car insurance, which may include:

• The age of your car must not be less than 10 years in any condition, though there are some insurers that are ready to decrease this minimum age limit to 5 years only.
• You must let the insurer determine the value of your car.
• You must use your classic car as a secondary vehicle.
• You must possess a good driving record with proper garaging system.
• Car must always be locked with the help of a lock and key.
• Access to the car must be restricted to a limited number of people only.
• You must not drive the car regularly or use it for regular errands, like shopping.
• You must possess an UK/EU license that is not going to expire.
• The car should have been originated in the UK itself.
• The car should normally run for 1,500-6,000 miles/year. However, this varies with different insurance companies.

Remember that possessing a classic is something to be proud of and you should take extra care to make sure that your precious vehicle is safe and well maintained. Cheap classic car insurance is possible if you understand that it should only be used as a secondary mode of transport rather than your main one.