CLASSIC CAR INSURANCE
Classic car insurance is perfect for both modern classics and vintage originals. If you’re looking for insurance cover for a classic car, this is your essential guide to everything you need to know. We’ll also look at specialist classic car insurance for under 25s and young drivers.
What is Classic Car Insurance?
What is a classic car? According to the UK government’s legal definition, a classic car is any car that was first built or registered more than 40 years ago. So in short, classic car insurance is car insurance for vehicles that are 40 years or older. Though you might also want to take out a classic car insurance policy to cover a 90s classic!
In many ways, classic car insurance is just like regular car insurance. The difference is that it takes into account the specific requirements that come from driving a classic car.
What Does Classic Car Insurance Cover?
Like standard car insurance, depending on the level of cover you choose, classic car insurance can cover you for any damages to your car, other cars, and other peoples’ property in the event of a collision. But insurers have to take certain things into consideration when insuring classic cars:
- First, many classic cars are exempt from annual MOTs.
- Second, classic cars won’t have many of the advanced safety features that come as standard in modern cars.
- Third, if a classic car is involved in a collision, repairs might cost more than they would for a modern car – especially if it’s a particularly rare classic car.
Classic Car Insurance for Under 25s
Younger drivers tend to pay more for car insurance than more experienced drivers. This is simply because, due to their lack of experience, younger drivers tend to be involved in more accidents than older drivers.
But if you’re under 25 and you drive a classic car, you might be able to get a good deal on your car insurance so long as you can demonstrate that:
- The classic car is safe and roadworthy, and you don’t plan on making any substantial modifications.
- You take good care of your classic car, and you plan on having it examined by an expert.
- You agree to a low mileage.
So what’s covered by classic car insurance for under 25s? Everything that a normal policy would cover you for.
The Benefits of Classic Car Insurance
Insurers also take into account the fact that classic car owners generally take better care of their cars than most. Even if you’re not getting an MOT check every year, you might still keep on top of maintenance yourself. And if you spot any issues, you’re likely to fix them before they become problems.
Classic car drivers also tend to rack up a lower mileage than people who drive modern cars. Indeed, for most classic car owners it’s a hobby. You might not treat your classic car as your “main” car. If you only drive it on rare occasions, insurance for your classic car could cost a lot less than you might expect.
The amount you pay for your classic car insurance will depend on the specific car you drive, and on your individual circumstances as a driver. But talk to your insurer about your needs, and you might be surprised by how affordable cover can be.
What Classic Cars are Included?
Some insurers may refuse to insure certain classic cars. You might struggle to get insurance for particularly rare models, for example, simply because they’d cost too much to repair in the event of an accident. Insurers might also turn down certain high performance classic cars, fearing that they’re simply not safe on modern roads. The risk of theft might also put some off insuring certain types of cars.
For more information about what classic cars are included, please check your policy wording.