Classic car insurance

Classic cars hold a lot of allure. If you (want to) own a classic car it's good to go compare classic car insurances. Oldtimers mostly lack safety features considered basic nowadays. No seat belts, rollover protection, ABS or crumple zones. Car insurance companies are well aware of this. On the other hand most collectible cars are mostly locked up inside a garage.

Types of classic cars

When looking for a classic car insurance it's important to note that there are three types of classic cars in the United Kingdom: post-vintage (1930s), vintage (1919-1930) and veteran (before 1918). When it comes to cars after the 1930s there are no clear definitions.

With a classic car insurance it's important to check what exactly is covered. It can be much more expensive to fix windows and windscreens of cars that have not been in production for half a century. It's also good to consider what you're planning to do with your car. Is it inside a garage most of the year and only used for races? Check that races are covered by your car insurance - including potential damage to spectators and passengers.

If you're trading classic cars it can be worth its while to consider getting a 6 months car insurance. This is also very useful if you only want to drive your classic car when the weather is nice.

Classic cars can also be classified into specific insurance groups.

Taxation on classic cars

Every April the taxation cut off date year is increased by one. As of April 2014 all cars built in 1973 are thus exempted from annual road tax vehicle excise duty. If a car was built in 1974 or later the status depends on the evaluation of the British Motor Heritage Foundation. In practice this means a car worth over 15 thousand GBP and older than 15 years is also exempt.