Choosing the Right Protection for Your Cherished Vehicle
Most owners of vintage and older cars take great care of maintenance and upkeep of their vehicle but perhaps don't spend so much time ensuring their classic car insurance policy covers them for what is a specialist area when it comes to insuring their prized possession. In many cases this finance option is cheaper than a vehicle of just a few years old due to lower mileages, lower valuations and generally lower cost of care.
How Can Emerald Protection Help You ?
Finding you cheaper Insurance
Rather than going to insurers direct our comparison service can reduce your costs. Additionally, there are a number of reasons why cover for an older vehicle is cheaper than a similar model that is just a few years old. As classic cars are not usually the main vehicle in a household it is generally driven more infrequently perhaps just a few thousand miles per year. This reduces the probability of accidents although many insurers set a maximum annual mileage at around 7,500. Drivers also tend to be more careful and the overall cost of the vehicle is lower hence lower premiums. To get the best prices you should compare policies online.
How Much will it Cost ?
Cost of course will vary depending on the age of your vehicle, miles driven per year and your valuation. Other factors that will affect your premium much like standard car insurance include where you live, your age, any motoring offences or convictions and occupation and where your vehicle is kept overnight.
What Will My I be Insured for ?
Much like standard policies a comprehensive insurance policy covers for own fault and other peoples' fault accidents. However there is one important factor that makes it more difficult to arrive at a premium.
It is always more difficult to appraise the value of an older car and it's something worth considering when you are applying for your insurance policy. Many insurers allow you to declare an "agreed valuation" which means in the event of your vehicle having to be written off that agreed value is paid out.
If you do not have this written into your policy then the insurer will likely only pay what it believes to be fair value and this could be considerably less than your own valuation. Premiums are higher for these types of valuation but could be worth investing in if your vehicle is worth a lot more than a standard car.
Additionally there is no "no claims discount" associated with classic cars on all quotes provided by emerald protection and you can't take an existing NCD from your main car over to another with any insurance company but there is no NCD with classic cars as they prepare flat rates so you should always shop around for prices.
Can I Reduce the Cost of my Insurance ?
The short answer is probably yes. Firstly you should always shop around to get competitive quotes. Our site has specialist brokers who deal direct with insurers to find the best pricing possible for you and you are under no obligation to take a policy with us.
Other ways to reduce the overall costs are to ensure your annual mileage is correct and if you only drive a few thousand miles per year then you should state this on your proposal form. If you belong to an owners club then additional discounts of 15% or more are generally available. Ask your club for more details.
Your Insurance Explained
In summary it's likely that the price of insuring your vintage or classic vehicle is going to be cheaper than your modern car. We suggest undertaking an online comparison which you can do by completing our online form. There are no fees or charges to use our services - all you pay are the lowest premiums on your selected insurance company.
To understand who might insure you there is a list of the insurance companies that provide classic insurance so you can browse at your leisure and choose the right product for you. If you are under 25 and looking for insurance then check out our young drivers page to see how you can get the lowest quote possible.
You can get quotes for all popular makes and models of classic vehicles including American muscle vehicles, Aston Martin, Austin Healey, Bedford, BMW, Bristol, Caterham, Ford, Daimler, Ferrari, Ford, Honda, Humber, Jaguar, Jensen, Lamborghini, Land Rover, Mercedes, Morris, Porsche, Rover, Sunbeam, Triumph and Wolseley