Getting classic car insurance deals in the UK
Those wanting classic
car insurance often have different needs to those of the
'mainstream' motorist. The approach to getting their classic car
insurance, by necessity, varies too.
In particular, whereas modern cars tend to depreciate, the value of
classic cars tends to increase every year. You need to pre-agree this
valuation with your insurer before purchase (when you are in a strong
bargaining position).
Indeed, it pays to shop around at this stage for the fairest valuation.
Companies vary considerably on these valuation prices. It's certainly
unwise to argue the valuation with a loss adjuster after an accident
when, in effect, the insurer holds all the cards.
Another aspect of classic car insurance is that very often classic cars
have very little annual mileage. Typically, they are off the road
through the poorer weather months and may only be used on fair weather
days in the summer. This low mileage can considerably reduce your
premium and is worth negotiating with your classic car insurance
company.
You generally have to negotiate directly with an insurance company in
the case of classic car insurance. We list several below that should be
able to help, including Direct Line car insurance. Most of the time,
online quote forms are inadequate to fully specify your policy needs or
even to specify your car model. Thus, companies like Direct Line with
good telephone customer services can be an asset.
Classic car insurance, because of the low annual mileage and the lower
risk profile of their drivers is often not overly-expensive to secure
but it is worth checking more than one car insurance company to see
where you can get the best deal.
If you take your time, are willing to shop around and always pre-agree
the classic car's value each year, you shouldn't go far wrong. Don't be
afraid to get periodic independent assessments of the true value from a
classic car expert. It's usual to need to negotiate fairly assertively
with insurance companies on this as they, obviously, will wish to drive
down any potential costs to them if a claim is made.
For this reason, relating to improving your negotiating position by,
potentially, changing insurers each year, it does pay to shop around
every time you need to renew you classic car insurance cover.
Usually, you've put a lot of love and dedication into restoring and
maintaining your classic car. You therefore would want to arrange
classic car insurance that was commensurate with that emotional
investment and those hours of, at times, frustratingly hard graft. Good
luck!
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