A definition of a classic car varies, but it usually covers cars of more than 20 years old, that are considered to be worth restoring showing or collecting.
Insurance can be surprisingly cheap, since owners tend to be enthusiasts who look after them, drive them carefully and keep their mileages down.
Classic Cars are very much embedded in the DNA of Lancashire Insurance. It was first formed by the MG Owners Club with the task of negotiating better insurance deals for club members and although they still have close links with the club they were spun off as a separate independent insurance company. They now work with many other classic car clubs and offer discounts and other specialist benefits to club members such as cover for shows and rallies. They sponsor the Lancaster Insurance Classic Motor Show, reputedly the biggest in Britain, and attend numerous other shows. Since 2013 the company has been part of the Markerstudy Group, alongside Hero Insurance, Brightside, Geoffrey Insurance and Zenith.
Based in America, Hagerty is claimed to be the biggest insurer of collectible cars in the world. They will not cover cars that are in regular use, but only collectable vehicles - including motorbikes - that only come out for the occasional show or rally. As a result they claim to be able to offer much lower premiums than rival companies. They are happy to negotiate special rates for car clubs, or collectors with valuable vehicles. They are prepared to agree values, unlike many insurers who don't know the difference between an old car and one that is cherished and in tip top condition.
Adrian Flux Insurance services, which was first set up in 1973, is clkaimed to be the UK's biggest specialist motor insurance broker with around 600,000 policy holder. Apart from classic vehicles they will also cover vintage ones, kit cars, military vehicles, Japanese imports, quads, trikes, 4x4s, modified cars, grey imports and all manner of nonstandard vehicles. If your car is not amongst this list they may well tailor a policy for you. They also own Chartwell Insurance, which provides policies to answer the needs of disabled people, and motorbike insurers Bikesure.
Footman James was founded in 1983 as a broker specialising in niche motor products. These now include classic and vintage cars and bikes, wedding cars, funeral cars and hearses, competition cars, old buses, high value vehicles and sports cars, amongst others. Since 2014 they have been part of the Towergate Group. After running into financial difficulties Towergate was aquired by what is now the Ardonagh Group, which also owns van insurer Autonet, the Ryan Direct broking group, health insurer Chase Templeton and Lloyds broker Price Forbes.
Heritage Insurance, part of Norton Insurance Brokers, is anything but a huge multination conglomerate. In fact it's more of a family firm. However they have been arranging insurance for classic cars, and more esoteric vehicles for over half a century, long before many rivals were even dreamed of. As a lover of classic cars founder Chris Wilkinson first worked from home serving local clients around his home near Birmingham but business grew. It now arranges insurance for tens of thousands of cars, and they also now own motor trade, cyber insurance and commercial insurance broker Tradesure. Many people will consider this to be an old fashioned company but they pride themselves on a personal service, something that many of us feel is in short supply these days.
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