Classic Car Insurance
Classic, vintage or rare car owners may need specialised insurance as their needs are different to most drivers.
But that doesn't mean you have to pay a fortune to insure your pride and joy.
Insurance features
If you have a valuable car, the best type of insurance to buy is comprehensive. A good classic car comprehensive policy should include your choice of repairer, a guarantee on repairs and an agreed value rather than a market value.
With agreed value, you agree a specific value for the car with your insurer at the time you take out the policy.
In the event of a claim, this is the value your insurer will pay out.
With market value, the insurer pays out the value of the car at the time it is lost or destroyed, using industry guides.
If you have a rare, modified or classic car, the value is dependent on the condition of the car and how much a collector would pay for it, aspects which are not reflected in its market value.
A classic car insurance policy may also provide cover for damage caused while restoring your car, and damage while at a show.
Specialist insurers
There are several insurers who specialise in classic cars. These insurers understand the needs of classic car owners and are worth investigating when you are looking for a quote.
However, to get the best deal, compare the whole market with our comparison tool.