How Does a Car Insurance Company Determine Your Eligibility for Classic Car Insurance?

What you need to confirm with your car insurance company is whether your car is a classic car or not. The term "classic" is usually applicable to cars aged over 25 years, which may not necessarily be useful for driving around in, but such cars are intrinsically valuable as collectible commodities.

The value of the car will depend on a number of factors – such as how rare the classic  car is, and how much work has gone into its restoration. More and more cars are becoming termed collectibles – the difference between classic cars and standard everyday cars is reflected in the fact that collectibles will tend to increase in value with age, whilst the opposite is true of modern cars.

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Find classic car insurance to suit your individual needs

Once both you and your car insurance company have determined that your car is indeed a classic, you will need to tailor your classic car insurance policy to your needs. Most owners of collectible cars also own a car for their everyday transport needs, and they use the collectible car only occasionally – perhaps only to show off at rallies and exhibitions. If this is the case, then it probably makes sense to take out a policy with a specialist collectible car insurance provider, since they can offer you discounts for your low mileage, and can also provide extra coverage when you need it (i.e. at public events).

A specialist in classic auto insurance is much more likely to offer you better service. They often employ staff with expertise in collectible cars; thus, the staff should be able to help give your advice about the level of coverage you will need.