Summertime is when the classic and vintage car events season begins and it’s the time when classic car owners get to show off their pride and joys. Although summer is still a few months away, it doesn’t hurt to be prepared. You may have the polish sorted for car, may have checked the oil more than once and retuned the engine, but have you sorted the insurance for it yet? In the following article we will look at some things you should consider when insuring your vintage car.
Is Your Car A Classic?
Your car doesn’t need to date back to the early 20’s to qualify as being a “classic” In fact, some cars that are as young as 5 years old are classified as classics. So regardless of whether you are driving a Ford Capri, VW Camper or Morris Marina, you could still be entitled to classic car insurance.
Where Are You Going To Drive It?
The premiums you have to pay will depend on where you are intending on driving the car. Owners’ club rallies will often be assessed differently to rally events or track days. This is particularly true if you transport your classic car in a truck rather than drive it to the event.
Your Car’s Estimated Mileage
It is not likely that you will cover too many miles if you are only using your car for a couple of events during the summer. In this situation, it would be best to opt for a limited mileage insurance policy. By agreeing to a maximum mileage at the beginning of the contract, you could save quite a few pounds on your monthly premiums.
Is Your Car Off The Road?
One of the major downsides to owning a classic or vintage car is the time required to restore or repair it. If it takes longer than you planned for to hunt down those often hard to find spare parts, then your car might not be road-worthy by summer. If you face a situation like this, rather than leaving it unprotected you should consider a laid-up style police that will cover your car against damage or theft while work is being done on it.
Your Car’s Real Value
Many of the larger insurers will look at your car in terms of its worth on paper. This is means that often they cover cars for lower than they are actually worth. To avoid this, you should take out agreed value insurance. With this form of policy the insurer and you will agree upon the car’s value taking into consideration how much an exact replacement would cost, the car’s condition and how much money has been spent on it.
Are You A Member Of A Classic Owners Club
If you aren’t already a member of one of the classic owners clubs in Britain then you should consider becoming one before seeking out insurance. Members can often save as much as 15% on their premiums.