Insure Your Classic Car

If you are a classic car fan, you may need to invest some extra money to protect your oldie. Here is an article by Anthony Saxon about finding such insurance.

Classic Car Insurance - Finding The Right Deal

Finding a deal on car insurance for a classic can be difficult and with the cost of insurance policies on the rise for all types of car, shopping around is more essential than ever. The definition of a classic cars can differ between different insurers, so it's important to check insurers' definitions when shopping around for car insurance. Generally insurers understand that owners are likely to maintain their vehicles well and the cost of policies often reflects this. However, sourcing parts and higher values of classic cars can make insurers wary of offering competitive cover and not all high street insurers will offer this type of deal.

Securing Savings

The value of a car is a big consideration when it comes to classic insurance. So security measures can be one simple and effective way to cut the cost of your quotes. Most insurers will consider offering discounts for recognised security products - Thatcham are a recognised brand which many insurers accept but always check with individual companies. Simple factors such as where the car is stored when not in use will also have an impact - secure garages are top of the list of money saving tactics and will be considered essential for those with the more expensive models.

Specialist Subjects

While some mainstream car insurance companies will offer insurance there are also a range of specialist brokers on the market. Specialists are a good source as they recognise the facts that classic cars are well maintained and often low mileage cars - tailoring their policies to reflect these facts. When comparing quotes use a range of comparison sites and be sure that they deal in specialist classic car insurance companies before beginning to fill in the forms!

Agreed Values

Specific features of policies that you should consider include valuation of your car - naturally most classic vehicles will increase in value over the years. Agreed valuation is usually the route that most classic car owners prefer - as opposed to market value. Be sure that your insurer is happy to review this valuation regularly to protect your investment. Additionally most classic cars are only used seasonally and as a result are low mileage. A good classic car insurance policy should take these factors into account - allowing discounts for periods where the car is not in use.

Market Growth

Often classic insurance can be cheaper than for a new model and there are some good deals available on the market - comparing quotes and offers is essential to finding the right deal for you. As the insurance market begins to recognise that classic car owners maintain their cars extremely well, do not use them day in and day out, the cost of classic car insurance is beginning to fall, with a little time spent researching you will be able to find the right deal for your car.

Anthony Saxon is financial content writer currently working in the insurance industry for http://www.tiger.co.uk. Tiger is one of the leading classic car insurance sites in the UK and our focus is to find the right insurance policy for the right price. You can compare over 140 of our insurance partners to find the best deal and save money.

Source: EzineArticles.com.

Thank you Anthony! That was great!
Nadav

nadavs