Classic Car Insurance Eligiblity

Your Car and Classic Car Insurance eligiblity
If you own or are thinking about buying a classic car, the car itself will be eligible to be covered under a classic car insurance policy if it is older than five years.
Previously some insurers would only cover models that were at least ten or fifteen years old, however many underwriters on our classic car insurance quote system will now cover cars just five years old as modern classics.

Your Lifestyle and Classic Car Insurance eligiblity
When you apply online for classic car insurance you will be asked many questions about your lifestyle in order to get a quote.
All classic car insurance policies differ from the standard cover in is much as they allow a lot of discounts and additional risks that are dependent upon the way you live.
If you change your lifestyle you will be eligible to apply for all sorts of non standard classic car insurance that is tailored to a particular genre or lifestyle group or club.
The lifestyle factor is more predominant in the calculation and issuing of policies for classic cars than in any other form of specialist motor underwriting.

Classic car insurance policies are now based primarily upon usage limits and consequently tend to reflect the fact that classic cars are used differently than a normal everyday car, although the types of use social, domestic, pleasure, business and commuting, or for hire and racing, will still apply. Many a beloved classic motor will stay under wraps in the garage for many a month and is only brought out and paraded for special occasions and events. This type of limited mileage or laid up cover is available from all our competing classic car insurance companies.

The range, length and risk of these events will undoubtedly determine the level of price for a classic car policy. Such events can be as innocuous as local classic car club meetings at predetermined destinations, fun runs, treasure hunts, vintage runs, air shows and displays, national classic rallies, film shoots, motor shows, trade shows or as extreme and heavy premium carrying as classic car racing or hill climbing. cover for these events is included as part of the basic classic policy or is available as an optional addon depending upon the underwriters.

Our underwriters appreciate that you may need a more tailored and flexible type of car insurance for a classic car, one that allows you to fit the policy around what is effectively your lifestyle individual risk.

Your risk levels are calculated upon the way you use the classic car and the number of miles distance you cover in that car each year. These rating factors are adapted to play a much larger role in the calculation of a classic car insurance premium than the traditional factors that weigh heavily in standard car insurance premium calculation, such as Age or Gender.
Some insurance companies will not cover drivers under 23 however there are many on our comparison systen that specifically offer young driver classic car insurance.

Price has tended in the past not to be a large driver in the classic car insurance market, where quality of cover for cherished vehicles has always been seen as the primary marketing message.

Underwriters have appreciated that the classic car is quite often considered as a ‘baby’ within the family unit and may in the past have taken advantage of the irrationality when considering price. However the introduction of classic car insurance comparison websites such as ourselves on the Internet means that premium levels can no longer be ignored and that customers now rightly demand service and cover for their specialist car insurance lifestyle differences, at the right price.

We offer tailored online classic car insurance cover for even the most obscure car marque and the introduction of online underwriting has introduced a welcome level of competition into what had become a stagnant market before the Internet.

Get cheaper classic car insurance quotes from over 110 classic car insurance brokers and companies and enjoy group and affinity market buying power with low premium prices.

No related posts.