Classic Car Insurance

COVER features

Classic Car Insurance Policy Features

Securing your classic car against unexpected events lets you enjoy your passion with peace of mind. The right insurance protects not only your vintage vehicle but also its history and your investment. A variety of customizable insurance options are available to suit your unique needs. Below, we detail the key features of each major comparable cover option.

Third Party Liability Cover

This ensures your responsibility is covered for injury to others with unlimited liability and property damage up to £20 million, providing comprehensive protection in the event of a claim against you.

Fire and Theft Protection for Your Vehicle

In the unfortunate event of fire, theft, or attempted theft, this feature covers the costs to repair or replace your classic car or its accessories, safeguarding your investment.

In-Car Entertainment Equipment Cover

Receive up to £150 cover for any in-car entertainment equipment, ensuring that your journey is as enjoyable as your destination.

Accidental Damage Cover

With comprehensive cover, accidental damage to your vehicle is fully covered, giving you peace of mind that your classic car is protected against life’s unpredictable moments.

Unlimited Factory-Fitted In-Car Entertainment Cover

Your factory-fitted in-car entertainment systems are protected without any cover limit, preserving your car's value and your enjoyment of it.

Personal Accident Cover

This benefit provides £5,000 of financial support in the event of an accident affecting you or your spouse/partner, ensuring that you're covered when you need it most.

Personal Belongings Cover

Enjoy the confidence that comes with £100 of cover for personal items within your vehicle, from the everyday to the irreplaceable.

Windscreen Cover

Protect against the costs associated with windscreen or window glass damage with a dedicated £600 cover, keeping your view clear and your car in top condition.

Replacement Lock Cover

In response to the theft of your vehicle's keys, this feature provides £750 cover to replace locks, helping you secure your classic car against unauthorized access.

Meet our classic car insurance expert

"Classic car insurance is essential for safeguarding your prized possession, shielding it from accidents, theft, and unexpected damage. It's not just about protecting a vehicle; it's about preserving history and the joy of motoring heritage. Ensuring you have the right cover in place is crucial for maintaining the legacy and enjoyment of your classic car.

My guidance to all classic car enthusiasts is to invest in a comprehensive insurance policy that reflects the true value and uniqueness of your vehicle. Navigate the roads with confidence and peace of mind, knowing that your cherished classic is well-protected. After all, it's far better to be prepared and secured, enabling you to enjoy every drive and event to the fullest, rather than risking the heartache of loss or damage to your automotive treasure.”
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- Jon Hatton, Classic Car Insurance Lead

Do I need classic car insurance?

If your classic car is not being driven, it won't be insured against risks such as theft or damage while in storage unless you have a policy in place. In this case, a laid-up policy could be the safer option, providing protection while the car is off the road and potentially saving you from significant financial loss due to unforeseen incidents.

There are also certain exemptions for classic cars that might influence your insurance decisions. For instance, vehicles over 40 years old that haven't had major changes don't need an MOT, and if your car was built before 1982, it's exempt from road tax—although you must still tax the vehicle. Moreover, the requirement for seat belts and the associated laws differ for classic cars, especially those without factory-fitted seatbelts.

Ultimately, whether you opt for classic car insurance may depend on factors like the frequency of use and the level of protection you desire for your prized possession. Insurers often have specific criteria for what qualifies as a 'classic', and these definitions can influence your cover choices.

Remember, while a SORN car isn't legally required to be insured, leaving it uninsured can be risky. Regular insurance may not acknowledge the true value of your classic car, whereas a specialist policy ensures that its heritage and worth are fully recognized. It's about balancing cost against the risk and ensuring that your classic car is as protected as the memories it holds. When in doubt, compare quotes and policies to find the best fit for your classic car's unique needs.

What is classic car insurance?

Classic car insurance is a specialized type of policy designed for vintage and heritage vehicles that are often more than just a means of transportation; they're treasured collectibles. Unlike standard car insurance, classic car insurance is tailored for automobiles that are typically driven less frequently and with greater care, often for leisure and at car shows.

Understanding what classifies as a classic car is the first step. Insurers may have varying criteria, but generally, a car over 15 years old could be eligible. And while it may serve as a second car for many, the passion behind these vehicles is first-rate.

Classic car insurance shares similarities with regular car insurance, covering risks like fire, theft, and third-party damages. However, it diverges in offering unique features such as agreed value payouts, which ensure that in the event of a loss, you're compensated for the car's full agreed-upon value rather than just its market value. Other distinct benefits might include cover for restoration and exhibit events, limited mileage discounts, and sometimes even wedding hire cover.

Policy terms for classic car insurance are often more stringent, with possible mileage caps and age requirements — your classic might need to be at least 15 years old. While a no-claims discount is a common feature in regular policies, it's less likely to apply to classic car insurance due to the vehicle's limited use.

Is classic car insurance cheaper than normal insurance?

The cost of insuring a classic car can often be a pleasant surprise; it's typically lower than insuring a modern vehicle. Let's delve into the reasons why and uncover how you can potentially save on your classic car insurance.

Several factors contribute to the lower costs of classic car insurance:

Reduced Mileage: Classic cars are often leisure vehicles, driven less frequently than daily-use cars, thus reducing the likelihood of accidents.
Maintenance and Care: Owners of classic cars typically maintain their vehicles meticulously and store them securely, diminishing the chances of theft or damage.
Experienced Ownership: Classic car owners are often older, suggesting a higher level of driving experience and potentially more substantial no-claims bonuses, which can lead to further discounts.

The type of insurance policy can influence the cost. A laid-up policy, for example, is an affordable option for classic cars stored safely off the road and not in regular use. Such policies reflect the reduced risk and can offer substantial savings.

While classic car insurance can be more affordable, it's essential to be mindful of the terms and conditions. Limited mileage caps are standard in classic car policies, and exceeding these without notifying your insurer could lead to complications. Additionally, it's crucial to ensure that your policy reflects the true value of your classic car, opting for an 'agreed valuation' rather than the potentially lower 'market value.'
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Classic car insurance can be a cost-effective choice for those who cherish their vintage vehicles. The key is to understand the specific requirements and limitations of classic car insurance and to choose a policy that offers the right balance of cover and value. Always compare quotes and consider the full spectrum of factors that affect insurance premiums to ensure that you're getting the best possible deal for your classic car.

When does a car become a classic?

This question is a common one among car enthusiasts and potential car collectors. The journey from a standard car to a 'classic' status is a path lined with nostalgia, rarity, and increasing value over time.

The definition of a 'classic car' can be as varied as the cars themselves. While there is no one-size-fits-all answer, certain benchmarks are commonly used to guide the classification. For instance, in the eyes of the HM Revenue & Customs (HMRC), a car typically achieves 'classic' status when it reaches 15 years of age. However, from a tax perspective, a car must be over 40 years old to be considered a historic vehicle and to be exempt from Vehicle Excise Duty (VED).

The age at which a car becomes a classic for insurance purposes may also differ, with many insurers considering a vehicle over 15 years old as a classic. Sometimes, there may be additional criteria, such as the car being used as a second vehicle rather than for everyday use.

There's also a cultural aspect to consider—cars that have ceased production and hold a particular place in the hearts of collectors often gain the 'classic' label, regardless of age. In some cases, a vehicle as young as 5 years old could be considered a 'classic' due to its rarity and desirability.

The journey to becoming a classic car is also about the story and character of the vehicle. Some cars are born classics, while others mature into the role over time. A known insurance provider, suggests a broader classification system that encompasses various categories, including 'classic' and 'vintage,' offering a nuanced understanding of what makes a car stand out as a collectible.

For car lovers pondering when their beloved vehicle will be considered a classic, it's important to remember that while age and value are significant, the true essence of a classic car lies in its ability to evoke a sense of history and charm. Whether your car is a revered 1980s model or a rare find from more recent years, it's the joy and uniqueness it brings that often seals its status as a classic.

If you're considering insurance for your potential classic car, it's best to compare policies and check with insurers directly to understand how they define a classic vehicle. Embrace the journey of your car's evolution, and when the time comes, ensure it is protected with the right insurance that appreciates its full value and significance.

Classic Car Insurance