Buying Classic Car Insurance

So, you have kept your old faithful car and now it has turned
of age… Or perhaps you feel like treating yourself to that
classic car of your dreams. Well, these special babies have
special needs and one of those being classic car insurance. It
can seem quite daunting when faced with the task of finding the
best deal, which is when it can prove helpful to use a
specialist broker who will be able to search the market place on
your behalf.

So what sort of cover is required? That depends on how you wish
to enjoy your car. Firstly, you need to estimate your annual
mileage, as there are policies to suit the various mileage
options: 1500, 3000, 5000 and 7000 miles etc. Then ask yourself
will you be driving only on sunny days and just for the sheer
joy of it, or are you going to become a classic car enthusiast?
If it is the latter, then you need to look at policies that
could include rally cover, for those uncompetitive and un-timed
events of course. These can be upgraded to suit the more
spirited owner who wishes to take part in sporty events. Track
day cover may also be an option for those who wish to see what
their baby (and themselves) can do on the racetrack.

For those who wish to gain some income from their classic car,
perhaps by using it for wedding hire. There are policies that
cater for wedding hire either by the day or for a year.

The monetary value of a car can influence the cost of the
policy. It is often difficult to put a price on a classic car
because their condition varies. Therefore, it may prove wise to
obtain a valuation before seeking classic car insurance,
although not all insurers require an agreed value. As with the
insurance for your everyday car, certain details will affect the
cost of your classic car insurance. For example: the make and
model, the excess amount your are prepared to pay in the event
of an accident, where you live and where you will be keeping
your classic car overnight, are all factors that will be
considered.

If you plan to go touring, you will need to look at policies
that can contain free Green card cover and perhaps full
breakdown and recovery services for the UK and Europe. You may
also wish to consider having the option to retain salvage in you
policy and the inclusion of windscreen and window cover.

With classic car insurance, there are often discounts that are
available if you belong to a classic car club or are a member of
the Institute of Advanced Motorist. The price may also be
discounted if you are an experienced driver and if you have
owned your car for more than three years. A number of insurers
will offer discounts if you insure multiple cars with them, even
if the second car is you everyday car. With this plethora of
options and insurance providers all vying for your business,
using a specialist classic car insurance broker will help you
find the best deal.

About The Author: David Thomson is Chief Executive of
BestDealInsurance (http://www.bestdealinsurance.co.uk) an
independent specialist broker dedicated to providing their
clients with the best deal on their home, motor and life
insurance.