| Expensive, high maintenance, status symbol and | | | | needs to know that it calculates mileage that is |
| glamorous are some of the epithets associated with | | | | limited and how the vehicle has been garaged in ideal |
| classic cars, but in reality there are many old motor | | | | circumstances. |
| vehicles that do not belong to this stereotype. | | | | - There is a lot of dramatic variation in the scarcity |
| A lot of owners feel that a cherished Austin A40 | | | | and condition of classic cars. The value of the car |
| that is parked in a supermarket is similar to a 'Classic | | | | that is perceived by the owner is mostly different |
| Car' like a Mark Jaguar at Ascot. Such historical and | | | | from the evaluation of an insurer. The time for |
| exotic vehicles can be generally described within | | | | agreeing with the evaluation would be before a claim |
| three categories, for which classic car insurance can | | | | and not after that. |
| be used. The three categories are: | | | | - If an owner wants the best deal then he or she |
| | | | needs to contact a specialist insurer. The specific |
| 1. Vintage cars: cars that were manufactured | | | | insurance schemes that they might be having are |
| between 1903 and 1933. | | | | tailored specially to meet the requirements of the |
| 2. Veteran cars: cars manufactured before 1903. | | | | owners. The rates offered by specialist insurers are |
| 3. Classic cars: cars manufactured before 1973 or at | | | | usually better than the rest. |
| least fifteen years back. There are a lot of variations | | | | Agreed evaluations |
| in the definition of a Classic car and it depends a lot | | | | An agreed valuation can be considered as the value |
| on the insurer. Any special insurance product is not at | | | | that is guaranteed by an insurer in case the vehicle |
| all offered by most of the major motor insurance | | | | gets stolen or damaged so badly that it cannot be |
| companies. They just provide the simple insurance | | | | repaired. If you own a vintage car and want to get a |
| cover that is provided to anyone who drives a | | | | vintage car insurance then make sure that you have |
| modern car. There are certain tips that can be | | | | checked that the valuation is guaranteed. |
| followed for vintage car insurance: | | | | This needs to be done because there have been |
| - There have been reports in the motoring press that | | | | instances when an insurer refused to make the |
| insurance for classic cars is cheaper as compared to | | | | payments of the full amount even if the owner |
| modern car policies, but every classic car owner | | | | believes that they were recovered fully. |