Classic car insurance, tailored to you
Classic Car Insurance Specialists
If you drive a classic car, you’ll know that it’s different to everything else on the road. When you’re behind the wheel, with the style and character of the journey even more important than the destination itself, it feels like different rules apply.
In some cases, of course, they actually do! If your car is pre-1973, for example, then it’s exempt from road tax. But any car over 15 years old is now classed as a classic, and can receive reductions in policy price that reflect the care they’re given, and the way they’re driven.
Whatever make, we have you covered
Apply a little loving care though and your classic car will provide hour upon hour of joyous motoring and, no matter whether it’s a Morris Minor, Jensen Interceptor or a Classic Mini, we’ll have an insurance policy that’s perfect for your needs.
Finding a suitable classic car insurance policy for you
Dedicated Classic Car Insurance – What are the benefits?
Classic car drivers do drive differently – it’s unlikely you’ll be seeing a 300SL Gullwing on the school run,or in a supermarket car park – so insurers can assume you’ll be doing less mileage, and pass on savings accordingly.
Often driven more for pleasure than purpose, classic cars are less likely to be on the road in bad weather, and are often regular fixtures at events and rallies. Is this something that a standard policy will account for?
Perhaps most importantly, classic cars are an owner’s pride and joy, and need cover from an insurer that recognises their true value, and Understands the way they work. For example, modifications are an important aspect of classic car ownership, as are repairs – they have to be just right, rather than done by the cheapest or nearest mechanic.
Get Your Classic Car Insurance Quote Today
A specialist policy can help you get the most out of your classic car insurance, adding value that a modern standard fully-comprehensive policy, or adding your classic model to an existing modern policy, simply can’t provide.
At Carole Nash, we understand classic cars, and their drivers, and we know that they’re best served by a policy as unique as they are.
To find out more about how classic car insurance through Carole Nash can help you save on the costs of your policy while keeping your pride and joy covered, call us today.
(1) Subject to Terms and Conditions, call for details
THE MOST POPULAR INSURANCE RELATED QUESTIONS WE GET ASKED
How to declare your classic car SORN
If you intend on keeping your classic car off the road, you’ll need to get it SORN. To do this, simply fill out the form online, call the DVLA vehicle service number 0300 123 4321, or send a V890 form to the DVLA by post.
Insuring your classic car for use in Europe
Most comprehensive classic car insurance policies include third party only cover for driving in Europe. Meaning you won’t be covered for damage to your classic car in an accident, or if you breakdown. Check with your insurer, and if your cover is limited, you can look to increase your level of insurance.
Why does the value of some cars increase over time?
Some vehicles can experience a surge in value. This can be due to a number of factors, such as being featured in a film or TV show. The most common is its nostalgic value. As time goes by and the car is no longer being made, people with fond memories of it will long to own one. If you’re looking for a quote, get in touch with the team at Carole Nash today.
Is my classic car exempt from MOTs?
To determine whether you’re exempt from paying for annual MOTs and vehicle tax on your classic car, you need to look at when it was built or first registered. Generally, if it was built or registered prior to 1960, or there’s been no substantial changes made to the car in the last 30 years, you won’t need an MOT. Check the acceptable alterations here.
Are classic cars cheaper to insure than modern cars?
Classic cars aren’t driven on a regular basis or used for the daily commute like modern vehicles. Plus, the level of car care from the owner is usually higher. Therefore they’re considered a lower risk by insurers and generally command lower insurance premiums. Classic car insurance also tends to increase at a much steadier rate.
How Classic Car Insurance is calculated
Whilst classic car insurance is usually cheaper than normal car insurance and the same factors are taken into account, insurers generally require it to fit a combination of the following:
- It’s more than 15 years old
- It’s driven less than 5,000 miles a year
- It’s kept in mint condition
- It’s used as a second car
And there are a few ways to drive down the cost of your premium even further:
- You have another vehicle that you use day-to-day rather than your classic car
- You have a very low annual mileage (usually somewhere between 2,000 and 5,000 miles)
- You keep your vehicle in a garage, on a drive or in a specialist lock-up
- You are aged 25 or older
Classic Car Breakdown Cover – How are you covered if your classic motor breaks down?
There are a number of different levels of breakdown cover for classic cars:
- Roadside – someone will come to your location and fix the vehicle there and then.
- Local recovery – if your car cannot be fixed at the roadside, you’ll be taken to the nearest garage.
- National – this policy means you and your passengers can be taken to a location of your choice within the UK.
- Home Start – here, you’re covered if your classic car won’t start at home.
- Onward travel – if your car isn’t fixable, this policy includes car hire for 3 days, payment for public transport, or overnight accommodation
- European cover – here you’re covered whilst you’re out on the road in Europe. This can be single trip or an annual policy
How do modifications affect my classic car’s premiums?
It all depends on the type of modification you add to your car. Although this does vary, it’s often the case that a single modification can add between 10-15% onto your premium.
It’s worth noting that without modifications, a lot of classic cars wouldn’t be road worthy so insurers do take this into account when calculating the cost of a premium.
How to work out whether your car is a classic or vintage
Whilst there are no set rules to define classic and vintage cars, there are a number of factors to be taken into consideration. Some people abide by the following breakdown:
- Vintage cars were built before 1930
- Vintage cars were built before WWI
- All pre 1960 cars are exempt from road tax and so can be described as classic.
- Classic cars were built following WWII
Policy vs price – how to choose the best classic car insurance for you
It’s natural to look straight at price when considering an insurance policy. But, cheaper policies aren’t always the best value for money. Sometimes by paying a little extra, you can benefit from other benefits and further levels of cover.
Ultimately, it depends entirely on what you plan to use your classic car for. Always research the different policies carefully, for example, are you going to be travelling abroad often? If so, you’re going to need cover for when you’re travelling.
CLASSIC CAR QUOTE
A specialist policy can help you get the most out of your classic car insurance, adding value that a modern
standard fully-comprehensive policy, or adding your classic model to an existing modern policy, simply can’t
At Carole Nash, we understand classic cars, and their drivers, and we know that they’re best served by a policy
as unique as they are.
To find out more about how classic car insurance through Carole Nash can help you save on the costs of your
policy while keeping your pride and joy covered, call us today on 0333 005 2295.