Compare Classic Car Insurance

by george on February 24, 2012


 

Owners of a classic car will want to make sure that they pick a classic car insurance policy that makes sure that their vehicle is covered against any eventuality. The problem is that classic car insurance can be very costly and it may be tempting to opt for the cheapest policy available. However, people who take the time to shop around should be able to pick up a policy that fully covers their vehicle without breaking the bank.

When selecting the perfect policy it is essential to know the actual value of your classic car. Many motorists tend to think that their classic car is more valuable than it actually is and consequently end up paying much more for their car insurance policy than they really need to.

Joining an Owners’ Club is a great way to secure reasonably priced car insurance as a number of insurance companies offer discounts to Owners’ Club members. However, if you race your vehicle this will have an impact on the cost of your policy and it is important to notify the insurance company of this fact in advance. People who restrict the mileage on their classic car could be rewarded for this decision by receiving a lower insurance rate.

Although third-party policies may seem like a great way of saving money at first glance, this type of policy could end up costing you a small fortune. As any classic car owner knows, the cost of replacing parts if they are damaged in a crash is extremely high and the required parts may be almost impossible to obtain. Motorists who strive to save a few pounds in the short term could really end up paying for their decision later. However, this may be a cost effective option for classic car owners who rarely take their cherished vehicle out on the road.

A good way to make sure that you get the best deal for your money is to compare classic car insurance policies from a number of different companies. Although many policies look extremely similar on the surface they can actually vary widely, so it is important to read all of the terms carefully. Checking out reviews from previous customers is a good way to make sure you pick the right policy and drive away with a great deal.

This guide was written by the editorial team at Classic Car Insurance. For more information – please visit our website at http://www.classic-car-insurance.co.uk

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