Things to consider for your classic car insurance…
An important factor to consider when taking out classic car insurance is whether the insurer will insist on you using their selected repair centre in the event of an accident, or whether you get to choose your preferred specialist garage that is experienced in working your make and model of car and can source the necessary parts required.
Establishing the true value of a classic car can be tricky! If it’s a rare vehicle and parts are difficult to source/or overly expensive, the cost to repair or replace with parts of good condition can be extremely high. All modifications, including alternative replacement parts (where original parts weren’t available), should be disclosed to your insurer. When advising us of the value of your vehicle, it is worth considering obtaining an agreed valuation, rather than relying on an unpredictable market price.
When it comes to getting cheap classic cars insurance, it is particularly common for insurers to request photographs of the vehicle (exterior, interior and engine etc.). Keeping copies of receipts from any modifications or repairs can be used to support evidence of your vehicle’s value.
You may have a modified version of a manufacturer’s standard car model, but you must remember to declare any of these modifications to the insurer, as it can have an effect on your premium and risk if you have any added features or increased engine performance. If your classic car has been modified, or the engine has been tuned or recalibrated to reach the higher speeds of a more modern vehicle, your risk of having an accident is greater than if you were travelling in a lower-performance vintage motor.
You may also wish to consider a guaranteed value policy, as opposed to market value, which is common for high value and classic vehicles. In the event of a total loss, this type of policy would pay out a pre-arranged sum that was agreed at the policies inception. This could likely require a valuation certificate from an independent expert to confirm your cars value for insurance purposes.
Get Cheap Classic Cars Insurance UK
We know that classic car owners can be completely devoted to their pride and joy, so whether you drive a Ford Cortina Mk3, Triumph Spitfire, MG Roadster, or an Aston Martin DB4, 1st Choice Insurance is here to help. Whatever your requirements, we offer an award-winning service, quick quotes, competitive prices, instant cover, and your insurance documents via email.
We believe that everyone deserves a great value classic car insurance comparison, which is why we try to offer the best value for money with incredible savings. Call our friendly team today on 01743 770 500 or complete our Get a Quote Form to request a call back.