The idea that most people have about classic cars is that they are very valuable and must be at least 25 years old. This is not true and the reality is far more pleasing.
A car is considered to be a classic if it is more and ten years old and of £15,000 in value. This is open to a little debate as some firms will offer classic insurance to cars of five years old and some will even offer it for new classic cars. This includes cars that have been made as a modern replica of classic cars such as the Aston Martin DB5.
The car has to be your second car and cannot be your main method of private travel. There are also conditions attached regarding how you store and maintain your classic car. It must also be used for less than around 6,000 miles per year and not used for ordinary activities such as popping out to the shops. Special occasions such as weddings are allowed however.
To insure a car as classic, you must have a UK driving license and the car must be form the UK as well. The minimum age is 21 although premiums will be cheaper the older you are, in general.
Some insurance firms do not provide classic car insurance policies and the best option is usually a firm that specialises in classic car insurance. Many insurance firms simply cannot cope with the hassle that may be caused by a claim on a classic car policy.
You would be well advised to check all of the conditions and small print before selecting an insurance policy for your classic car. Many firms have very specific requirements on the minimum value of the car, maximum annual mileage and many other contributing factors. One firm may consider a car as classic and thus offer insurance whereas another may not be quite so interested. Normal rules of insurance apply and the same ways of reducing your premiums are all in force with these types of insurance.
