Why Do I Need Classic Car Insurance?
Find out why you might need to consider Classic Car insurance.
Why Is It Important To Have Classic Car Insurance?
Classic Car Insurance is not too dissimilar from a private car policy. The main distinctions are the fact that classic car owners are generally seen to drive more carefully and drive fewer miles, and so the price of a policy will usually reflect this! Sometimes, classic cars are bought as investments, and hardly ever driven at all so the policy will acknowledge both of these factors in its premium.
Having a minimum level of insurance on your vehicle is required by law - you must have at least Third Party Only cover. Classic cars will often have a higher value and as such, if anything were to happen to the vehicle, it is important to have cover in place so you don’t have to pay for repairs or even a replacement out of your own pocket. If you take your classic vehicle to shows, exhibitions or rallies, then having cover in place is key in case anything happens on the way to and from, or while at an event. Likewise, if you take your vehicle to track days then it is highly recommended to have the appropriate cover in place. Very often your classic car is your pride and joy, and nobody wants to have invested all of the time and money on a vehicle only for something to happen and you risk losing it all.
So why is it important to have a classic car policy?
- It’s A Legal Requirement
- Protect your Pride & Joy
- For Peace Of Mind