Having recently ventured into the world of classic car ownership I faced the problem of finding appropriate insurance. This was a potential minefield but I was greatly aided by the fact that it is possible to find cheap classic car insurance on comparison sites.
These sites make it easy to compare deals from a vast number of insurance companies at the same time. It avoids the time consuming leg work of making a large number of phone calls, or visiting the premises of different companies. As long as you have a computer and internet access the task can be done anywhere.
You will be faced with an array of sites to choose from and may not know where to start. One approach would be to go to the sites that are commonly advertised in magazines and on the television. If you do this, then be aware that the main area of work for many of these companies are standard vehicles, and although they offer insurance for classic cars , the cost may not be in the price bracket that you envisaged.
Another option is to target the insurers that specialise in classic car insurance. They will become apparent in your searches on the comparison sites, and many of them can meet your requirements at a reasonable price.
Whether the companies are specialist or not there are certain points to check out in respect of obtaining discounts:
- One advantage of classic cars over standard vehicles is that you can negotiate an agreed value with the insurance company. This means that the agreed amount will be paid if your vehicle is stolen or destroyed. This figure is better than if the market rate is paid.
- Discounts are often available if you are willing to agree to a condition putting a cap on the mileage that you will undertake in the vehicle. As classic cars are rarely used as day to day transport, this does not usually cause a problem.
- Discounts can also be found for classic motor club membership.
- Another source of discount is where the vehicle is to be off the road. This could be because you intend to keep the vehicle in a garage over the winter months, or to carry out restoration tasks on the vehicle.
There are a number of ways that savings can be made through discounts. These can easily be found by searching the comparison sites.
This guide was written by the editorial team at Classic Car Insurance. For more information – please visit our website at http://www.classic-car-insurance.co.uk