If you own a classic or collector’s car then the chances are that a standard auto insurance policy won’t be suitable for your needs. Given that you will probably only drive your classic car every now and then, you will end up paying more than you need to with a standard policy unless you look for specialist collectors car insurance or car insurance for classic cars. However, finding the right specialist car insurance policy could give you a cost effective policy that protects your car without hurting your pocket!

You can find car insurance for classic cars with many general vehicle insurance companies nowadays, but you may prefer to take out a collector’s car insurance or specialist car insurance policy to make sure that you meet your needs exactly. After all, most collectors of classic cars collect for love as well as investment so a good auto insurance policy is vital!

The key factors of car insurance for classic cars

Although this form of collectors car insurance works much like any other form of car insurance, you may find that the actual features and benefits that you are given with specialist car insurance can be quite different to a standard auto insurance policy. For example, you’ll usually use a classic car less frequently than a standard car, and it may have a higher value. So, you’ll need to consider the following factors:

• Your car will probably need to be of a certain age to qualify. The age limit will vary from insurer to insurer, but will usually be around 10 years+.
  
  
• You may not be able to use this kind of policy to build up a no claims bonus.
  
  
• It may be useful to look for a guaranteed value feature that allows you to set the value of the car from the outset.
  
  
• Your mileage will be limited to a certain number of miles a year in most cases.
  
  
• If you are renovating a classic car, then look for laid up coverage to insure you while you are working on it.
  
  
• If you will show the car at rallies or shows, then look for a policy with rally/show coverage.
  
  
• Join an Owners Club!  Many insurers will give you a discount if you do this.

You may find that you need to put a little more work into finding car insurance for classic cars as you (and your car!) may have specialized needs. Some people like to deal with insurers that specialize solely in collectors car insurance policies for their makes of car while others are happy to take a specialist car insurance policy out from any auto insurance company here.

The key thing to remember when you are buying car insurance for classic cars is to make sure that you compare auto insurance quotes and terms. It is, of course, important to find the right collectors car insurance, but it is also important to find specialist car insurance at the right (i.e. the lowest) cost.

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