We’ve been in the insurance industry since 1984, and throughout that time we’ve provided coverage for some absolutely amazing vehicles. Whether it’s a rare model, has a great story, or simply fills you with pride and delight, we recognise that your classic has to be secured and covered properly. However, in addition to ensuring that your coverage fulfils all of your needs, we understand that price can be an important consideration when selecting a provider.
The fundamental pricing of your quote will be based on the worth of your car, how you want to use it, where you keep it overnight, and other considerations such as licence points. There are some methods in which you could aid.
Consult a specialist broker.
A professional classic car insurance broker will seek out the cheapest price from a panel of insurers who specialise in policies for classic car owners. A broker will have a greater grasp of your vehicle’s value to you and the industry as a whole, allowing them to obtain the best coverage for you and your automobile.
Limit your mileage.
Did you know that many insurers provide discounts to drivers who intend to travel a certain number of miles? On a policy, your premium is likely to rise as the amount of miles you drive grows, so don’t exaggerate annual mileage and be as accurate as possible.
Mention any automobile club memberships.
As you are aware, auto clubs bring together people from all walks of life who share a common interest in historic cars, and they are an excellent way to meet other enthusiasts. Many historic car insurance providers have partnered with UK car clubs to provide savings to members.
Consider a multi-vehicle policy.
We’re noticing an increase in the number of enthusiasts who own more than one vehicle, so if you’re one of them, you should consider a multi-vehicle coverage. It can help alleviate the burden of several renewal dates and messy paperwork, and it can be less expensive than insuring them separately. It’s always advisable to speak with a qualified broker because they can help you obtain the proper coverage at the best possible price.
Mention modifications.
It can be difficult to locate a cheap coverage after making modifications to a car. Specialist historic car brokers, such as Lancaster, are used to taking car modifications into account when arranging insurance coverage. We may discuss these with you and our panel of insurers to determine the best price.
Additional drivers.
Don’t forget that adding an experienced driver to your coverage may lower the cost of your insurance.
Overnight storage.
Keeping your classic safely stored overnight can affect the cost of your insurance coverage. Ideally, your classic should be housed in a secure garage at night, when the chance of theft is much minimised.
Check what is included in your policy.
Specialist brokers frequently offer various additional perks that can be added in your policy and save you money in the long run due to their extensive knowledge of the antique automobile sector.
Lancaster, for example, provides an agreed value option, breakdown coverage through our partner RAC, and critical protections such as repairer selection and salvage retention.
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As with any form of insurance, the discounts, advantages, and features available with vintage car coverage may vary and are subject to underwriting requirements; however, we hope you find these recommendations useful the next time you need to arrange classic car insurance.
Lancaster Insurance Services has proudly provided classic automobile insurance since 1984.
Our comprehensive historic car insurance policies, which specialise in arranging coverage for your prized vehicle, are intended to protect your investment.
