If you’ve just bought your first classic car you will need to consider not just where, but also how you are going to insure it. Fortunately you have the choice of a specialist classic car insurance policy available.

As a classic car owner it matters not if you drive a perfect condition Ford Capri 3 litre from 1970, a beat up old Morris Minor from the Sixties or a sleek E-type Jaguar in British racing green, it is essential that you find the best classic car insurance cover for your cherished motor, that covers your individual risks at prices that won’t break the bank!

If you have not owned a classic car before it is important to realise that there are basic differences between what is known as a standard car insurance policy and the cover offered under one defined as classic, from a specialist car insurer.

The first thing to establish is whether your car is eligible for cover under a classic policy. One way you could do this is ask the previous owner whether it was covered under a classic car insurance policy and with which insurance company.

Different car insurance companies have different definitions of the age and type of vehicles that can be covered under this type of cover.

What might be easily covered with one provider may be excluded by another. Fortunately most online classic car cover providers provide this information on the first page of their websites, so it is fairly easy to surf around and check your eligibility with different insurance companies.

You should check that both the eligibility of the age of the car in question and also whether there are policy restrictions for your individual driving circumstances, such as your age that would prevent you from applying for cover.

The major variation between a standard policy and those offered by the classic car specialists is in the way that you use your classic vehicle, and in particular, how much you drive it. The large mainstream insurers and price comparison sites will offer cover for older cars but will charge an additional premium because of its age. They will also load the premium if replacement parts for the vehicle type are known to be expensive.

More importantly you will only be offered the current market value replacement if the car is covered under a mainstream policy and is deemed to be a write-off when you claim.

With a standard car insurance policy on a replacement like for like basis, the value of the car is often set by the market value at the time of a claim, typically taken from one of the car price magazines such as the UK’s Glasses Guide. The amount you will be probably receive for a write-off will be at the current market value of your car which is an annual depreciating amount. Inevitably, if you own a classic car and insure it under a standard policy contract, this leads to under valuation and under insurance of the true value of the car. You will also probably not be offered the salvage and a repairable classic car may often be deemed a write-off because the cost of repair is uneconomic to the Insurer.

If you purchase a specialist classic car policy you will be offered a choice of either an agreed valuation of the classic cars worth or a policy based on market value.

An agreed valuation amount is the amount that the insurance company will pay out in the event of a claim that results in a write off. This is a major benefit of insuring classics under specialist policies because it ensures that you are not just properly covered but will also receive the specialist repair services that your classic will require should you claim. It should be noted that even agreed valuation polices can change and you should ensure that the value is guaranteed for a certain period of time to avoid fluctuations in market values.

Classic Car insurance polices are therefore tailored to the needs of cars considered to be collectable and effectively the valuation is a rating factor for the condition of the car.

The other major difference between standard and classic policies is in the way that you are allowed to use your car under the terms of the agreement. Originally this type of vehicle insurance was designed for drivers who do not use their classic cars much.

All classic car policies have a limited mileage clause which only covers the vehicle for an agreed amount of miles per year. Depending upon which specialist car insurance company you use, there will be a limit to how far you can drive your classic. Some providers will only cover a couple of thousand miles per year under the policy, but many specialist providers are now offering cover up to ten thousand miles per year. These policies reflect the fact that many drivers now use modern day classic cars as their main form of transport.

As with all car insurance it is important to compare both covers and prices when shopping around. There are many specialist classic insurance providers available online today and many specialist schemes that are targeted at particular classic owners. Compare the premiums offered by these with those from the price comparison sites, but if you want to avoid disappointment if you need to make a claim, be sure to understand the difference in policy covers.

The Internet has made it very easy to compare Classic Car Insurance that was previously only available from specialist car insurance brokers on the high street. You can find those offering special deals and bespoke schemes for your particular classic by searching for your model type classic car insurance.

Collectors Require Multi Car Classic Car Insurance is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.

Classic  Car Insurance Details Explained

Not all car insurance companies are the same, and if you own a classic motor you really need to be covered by a classic car insurance company. Too many classic car owners insure their collector car through their current daily driving car insurance broker or agent. Many are under the wrong impression that classic car insurance is expensive, but the truth is that it is usually cheaper than going through a typical insurer, even if they offer multiple vehicle discounts. Not only is it probably cheaper, but you will be properly insuring your classic or collector car.

“Agreed Value” policies are only issued by classic car insurance companies. This is the only policy you should have on your classic car. Any other insurance type will likely cost you in the unlikely event of a total loss. With an agreed Value policy, you and the insurance company agrees on a value of the car, and you are paid the full amount if the car is totaled out. With other insurance policies, the valued amount can depreciate over time or worse yet, you will be paid the book value of your car. Classic car insurers know the true value of your car, and they know you will drive your collector car safely maybe even safer than your other vehicles so rates are usually low if you have a decent driving record.

Most classic car insurance policies do have limitations you should be aware about.

One of the biggest limitations is the mileage. Most policies only allow 250 miles a month or 2500 miles driven a year. For a mall increase in premiums this can sometimes be bumped up to 500/month or 5000/year.

Many classic car insurance policies also require the owner to be at least 25 years old, if not 30.

A minimum of a 10 year driving record is usually a requirement as well. These are the basics you need to know to properly insure your classic car.

Classic Car Insurance is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.

1) Your driving history as represented by your no claims bonus years available to discount the policy premium.
2) Where you live?
3) Whether you require restricted usage and limited mileage.
4) The e-type model year, condition and ultimately, value of your car.

The last factor is the one that is most variable and can lead to large premium savings if your insure the e-type Jaguar through a specialist Jaguar classic car insurance provider such as Car Insurance TV. The value and prices you will pay for even the cheapest e-type are currently rising fast according to Car & Classic.

Expect to pay £7000 for starters for a poor condition 3 motor, rising to £100000 or more for special competition specification lightweight E-types! A fully restored V12 will set you back in excess of £65000 and even the modest 2+2 E-types will cost anything from £15000 to £40000 depending upon condition.

Consequently insurance premiums for E-type Jaguars are always high, and an extra five percent saving from a specialist car insurance provider on a large premium could net you hundreds of pounds of premium savings and more tailored, better cover!

E-type Insurance at You Tube

E-Type Jaguar Car Insurance Specialists is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.

One such provider is on-line specialist car insurance comparison website Car-Insurance.tv which is offering schemes from multiple companies including BMW specialist Adrian Flux.

The Car-Insurance.tv BMW classic car insurance scheme allows the user to compare a range of specialist Classic BMW car insurance quotes, policies and schemes and offers cover for every model of BMW built including the BMW Isetta, BMW 501/502, BMW 3200 CS, BMW New Class, BMW New Six, BMW 3 Series, BMW 5 Series, BMW 6 Series, BMW 7 Series, BMW M Series, BMW Z Series and the BMW 8 Series.

Whatever Classic BMW you drive you’ll also have the additional benefit of dealing with real insurance brokers who are there to help you should you have any difficulties or need to claim. Call now on 0800 089 0182 for a quote or more advice about cover for you classic BMW

Specialist BMW Classic Car Insurance Schemes is a Specialist Car Insurance post. If you own a specialist car you can compare car insurance at the UK's largest specialist car insurance comparison website for cheaper cover and quote savings.