Classic
cars are in a league of their
own when it comes to obtaining
insurance for them. There are
many variables to consider and
we will explore a few of them
here or you can visit our online
directory of some of the UK's
cheapest motor insurers.
Many
insurers will define classic cars differently
so it is important to verify their definitions.
Classic cars are usually defined as
being more than 15 years old, while
vintage cars are defined as being at
least 60 years old. Some companies recognize
that there is a special market with
special needs and have geared insurance
packages to suit this market. Others
treat the classic car as any other car
and insure it with one of their standard
plans. This can be disastrous from a
valuation perspective, if the insurance
company does not recognize the value
of the classic car vs. an old car.
Many
owners of classic cars maintain their
cars immaculately, only driving them
on sunny dry days and only for a few
hours or kilometres at a time. Other
drivers treat their classic cars as
just another car to be driven every
day to work and around town. Their belief
is usually that it is better to be driven
than to left in the garage. It is important
to advise the insurance company regarding
the type of driving you do with your
pride and joy. A car driven for a few
hours once a week or less will not be
exposed to the same risk levels as a
car driven every day. Additionally if
you store your vehicle for long period
of times without driving it, you can
request further discounts on your insurance.
Of course before you take out for that
Sunday drive you must notify the insurer
that the car is once again being driven.
Vehicle
storage arrangements can even make a
difference sometimes. While you might
not have an accident with your vehicle
due to minimal driving, if your car
is prone to be stolen or damaged in
some other way, the insurance company
may reflect this in their quote.
Classic
cars can be valued by many different
factors. Age, mileage, body integrity,
cleanliness, original parts are a few
of the factors to take into account
to name a few. If you feel that your
classic car has more value that it is
insured for, request for an official
appraisal and discuss this with your
insurance company. You may have to get
several and settle on an average, however
at least you will be insured for the
true value of the car and not for something
less than its value.
Why
not visit our partner site now and find
out how inexpensive it will be to insure
your classic or vintage car and receive
one of the cheapest quotes for car insurance
in the UK. Visit our directory of the
UK's cheapest motor insurer's on this
site now.
