| Owning a classic car is a popular hobby for many | | | | provider if they have a specialised department to |
| motorists. | | | | deal with older vehicles. |
| Many enthusiasts pride themselves on restoring old | | | | However, there are also insurance providers which |
| classic cars for the purpose of displaying at specialist | | | | offer cheap car insurance for older cars. The prices |
| meets and auto shows, as well as for driving for | | | | of which can be dependent on the condition of the |
| themselves. | | | | vehicle. |
| Whilst there is still debate as to what constitutes a | | | | These policies are usually tied to a specified annual |
| classic car, the rewards for time and money spent on | | | | mileage which is lower that of a conventional car - |
| restoration can be worth the effort. | | | | which could be as little as 3,000 miles per year for an |
| When looking for a car insurance quote for an older | | | | older car - as compared to the average mileage of a |
| car, it's best to shop around. But not all insurance | | | | more mainstream car, which works out at around |
| companies tend to specialise in insuring classic cars. | | | | 12,000 miles per year. |
| However, there is a category guide that can help | | | | This could work out cheaper for owners of older |
| determine the kind of insurance group your vehicle | | | | vehicles, particularly if the vehicle itself is going to be |
| would be placed in: | | | | used for shows. |
| - Veteran - Applies to vehicles manufactured before | | | | Insurers will usually help you to establish what is |
| 1903 | | | | known as a Guaranteed Agreed Valuation (GAV) in |
| - Vintage - Applies to vehicles manufactured | | | | order to determine how much your older vehicle |
| between 1903 and 1933 | | | | would cost to insure. |
| - Classic - Vehicles which are at least 15 years old | | | | But the classic car market is constantly changing, so |
| If it's not obvious which bracket your vehicle should | | | | insurers could find it difficult to judge values of older |
| be in, it's best to ask your current car insurance | | | | vehicles depending on the activity of the market. |