Owning a classic car can be glamorous. It can also be an expensive and high maintenance hobby! There are many beautiful old cars on the roads which are recognised as classic cars. There are also many older cars not typically considered to be classics, such as an Austin A40. However, a classic car insurer will consider it just as much of a classic as an old Jaguar.
Insurers and enthusiasts tend to use three categories to identify older cars and a classic car insurance policy can be used for all three categories.
Veteran Cars: M anufactured before 1903.
Vintage Cars : Manufactured between 1903 and 1933.
Classics Cars : Pre 1973 or at least fifteen years old.
When considering a classic car insurance policy, ask the insurer for their definition of a classic car as this may vary dependent on the insurer. You should also contact a specialist broker who will find the most appropriate car insurance scheme for you and your vehicle. Direct insurers and insurance companies will not provide a specific classic car insurance policy.
Classic Car Valuations
If you own a classic car then it is important to have the car officially valued. If you agree a genuine value for your classic car the insurer will guarantee to pay out to the agreed value in the event the car is stolen or damaged beyond repair.
If your car has been valued but this valuation has not been guaranteed by the insurer then you could find that the insurer will not pay out in the event of making a claim. Insurers will usually charge you to have an agreed valuation but in the long run it could prove invaluable!
The insurance products and services mentioned on this page are introduced by Insurancewide.com Services Ltd, which is authorised and regulated by the Financial Services Authority. The Insurancewide.com service is subject to its terms and conditions.
