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Classic Car Insurance |
What is a Classic CarIt’s generally accepted that a traditional classic car is one made from the 1940’s through to the 1980’s with an established enthusiast base. Those vehicles made before the 1940’s are usually referred to as Vintage Cars. This is all well and good for your Alvis, Austin’s, E-types, Rover P4’s to your MGB’s, Capri’s and TR6’s – but what about those made after 1980?
Cars made within the last few decades are usually referred to as Modern Classic Cars. Again it is usual for them to have a fan base and would include cars such as Toyota MR2’s, Peugeot 205 GTI’s and VW Corrado.
Insurance companies will usually offer classic car insurance in age bands for vehicles over 10, 15, 20, 25 and 30 years old. Vintage cars will often receive additional discounts – generally the older your car, the cheaper the premium.
However, there has been an increasing trend where insurance companies will offer classic car insurance on relatively modern cars such as the Mercedes SL, Porsche Boxster, TVR and Mazda MX5. It is worth noting, that the vehicles mentioned here begin to overlap into performance car territory, which obviously include your Ferrari’s, Porsche 911, Lamborghini’s etc. As such there is no distinct separation between the two – both can be termed Modern Classic’s. It’s important to note that the defining consideration here when insuring vehicles of this type on a classic policy, is not the age of the vehicle, but how that vehicle is to be used.
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The Insurance Boffin E-mail: info@insuranceboffin.com Disclaimer: Any information, advert or link contained on this site does not amount to advice, suggestion or a recommendation in any manner or form. |
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The Insurance Boffin |
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