Car Insurance For Classic Cars UK: An Overview

When you own a classic car, it is important to make sure you have the right insurance in place. Specialised car insurance for classic cars UK is essential to ensure you are properly protected in the event of an accident or theft. Although classic cars are generally more expensive to insure than modern cars, it is possible to find a policy that offers you the cover you need at a competitive price.

Classic car insurance works in the same way as other types of car insurance. However, there are some differences in terms of the level of cover that is available and the premiums that are charged. Insurers generally offer two types of cover for classic cars: agreed value and market value. Agreed value policies will pay out the full agreed value of the car if it is written off or stolen. Market value policies pay out the market value of the car at the time of the incident.

Who Qualifies For Classic Car Insurance?

In order to qualify for classic car insurance, the car must generally be over 15 years old, or have a value in excess of £15,000. It is important to note that not all classic cars will qualify for classic car insurance, so it is important to check whether your car meets the criteria of the insurer before taking out a policy.

It is also important to bear in mind that classic car insurance policies may require the car to be stored in a secure environment and may not cover you for certain types of use. For example, some policies may not cover you for long distance journeys or for taking part in racing events. It is therefore important to check the terms and conditions of the policy before taking it out.

What Does Classic Car Insurance Cover?

Classic car insurance covers the same things as regular car insurance, such as damage to third party property, personal injury and theft. However, the cover may be more comprehensive and may include additional benefits such as cover for parts and accessories, and cover for more than one classic car. In addition, some policies may include cover for track days and rallies, as well as cover for the cost of transporting the car to events.

When looking for classic car insurance, it is important to shop around and compare different policies. It is also important to read the small print and check the level of cover offered and the terms and conditions of the policy. By taking the time to compare different policies, you can ensure you get the best deal and the right level of cover for your classic car.