Insuring a Kit Car

Buying a kit car is an exciting prospect for car enthusiasts and those who like to get their hands dirty. But, it can also be daunting, as you need to know what you’re doing and how to insure it. This article will explain what you need to do to insure a kit car, and why it’s important.

What is a Kit Car?

A kit car is a type of motor vehicle that is made from a kit. This kit may contain parts that need to be assembled and installed by the owner, or it may be a complete car that needs to be assembled. Kit cars can be replicas of classic cars or they can be custom-built vehicles.

Why Insure a Kit Car?

Insurances are essential for any car, but they are even more important for kit cars. This is because the parts and components of a kit car are not necessarily from a known manufacturer, so there is a greater risk of something going wrong. Insuring a kit car will help you to protect yourself from any potential issues and to get the repairs done quickly.

What Kind of Insurance Do You Need?

There are two main types of insurance for a kit car: third party insurance and comprehensive insurance. Third party insurance is the minimum level of insurance required by law, and it covers any damage caused to other people, cars, or property. Comprehensive insurance covers damage to your own car, as well as damage caused to others.

How Much Does Kit Car Insurance Cost?

The cost of kit car insurance will depend on a few factors, such as the type of car, its value, and the age of the driver. It’s important to shop around to get the best deal. As a guide, third party insurance usually costs between £200 and £400 per year, and comprehensive insurance can cost up to £800 per year. It’s a good idea to get quotes from a few different providers to compare prices.

What is Excess?

Excess is the amount of money you have to pay when you make a claim. It is usually deducted from the total amount paid by the insurance company. Excess can be waived for certain types of claims, such as those caused by an accident that wasn’t your fault. However, if you opt for a higher excess, then you may be able to get a lower premium on your insurance.

Where Can You Get Kit Car Insurance?

There are a few specialist insurers who offer kit car insurance. It’s worth shopping around to find the best deal. You can also get quotes from mainstream insurers, but they may not offer the best deal. It’s important to read the policy documents to make sure that you understand exactly what is covered.

In conclusion, insuring a kit car is essential. Kit cars can have unique parts and components that need to be protected. There are two main types of insurance for a kit car, third party and comprehensive. The cost of insurance will depend on the type of car, its value, and the age of the driver. It’s important to shop around to get the best deal and to read the policy documents to understand exactly what is covered.