Classic cars are a treasure and it is much better to keep them going, even if only for sentimental reasons. However, you need to get them insured and this requires classic car insurance. But what sort of car can qualify for this type of insurance and what conditions are attached?
Classic cars don’t actually have to be particularly old, you can take out a classic car insurance policy for a car that is ten years old or more. Some policies can cover cars of five years old and some rebuilt replica cars can be insured whilst they are new.
The value of the car generally has to be greater than £15,000 although this figure can be quite a lot higher for some insurers. The owner who puts their name on the insurance has to be at least 21 years old.
There are also conditions attached to the way in which the car is to be used under this type of policy. Classic cars must not be the primary car of the owner. This means that they are not able to be used for any kind of mundane activity such as going to work or shopping. The owner must use another car as their main vehicle and there are often annual mileage limits set on the car. Typically this is around 6,000 miles although some cars of greater value may have even tighter limits.
If you are looking to insure your car as a classic and your car meets these conditions, you will most probably have to find a firm that specialises in classic cars. Many insurance firms offer this service but there are also many that don’t possess the required expertise. You will simply have to ask and some price comparison websites include classic car insurance providers too.
These are the conditions that classify a car as being a classic. If you have a car that is simply old and of no particular interest then this doesn’t mean you have to insure it as a classic and you are under no obligation to use this type of insurance although some cars will have to be insured as classics if you are to receive any compensation for loss.
