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Our guide to buying classic car insurane

As a lover of the fine things in life, we have no doubt that you've probably turned your mind to classic cars at one stage or another. As status symbols, there are few things that can inspire people or influence their opinions of you quite the same way a piece of automotive history can.

The main questions that people have when it comes to classic cars seem to be regarding classic car insurane; where can you get it? How much does it cost? What qualifies as a classic car? And literally countless more. Well, we've decided to take a look into the classic car insurance so that you can be better equipped to take out a policy, should you decide to splash out on that vintage motor you've always fancied.

There are three main category definitions when it comes to insurance coverage for older cars. The first, and most common, is the umbrella term classic cars. This refers to any vehicle older than fifteen years at the time of the policy being taken out. While the thoughts of a dodgy 1995 Citroen may not exactly fill you with the majestic thoughts that a 1953 Porsche Spyder, it's important to realise that insurance companies do class anything of this age as classic - regardless of how prestigious the car itself is.

Vintage car refers to any vehicle manufactured between 1903 and 1933, so we're talking pre WW2 motors here. Not really a time period filled with eye candy, but definitely an important one for collectors.

Finally, we have Veteran cars, which are defined as any vehicle manufactured before 1903. There won't be too many people driving these around the streets but, for collectors, they're a hugely sought after commodity.

Classic car insurance typically costs a lot less than coverage for modern cars, but it is often the case that the real value and perceived value of the car can vary wildly. Don't be surprised if your insurance company disagree with your valuation, given that perceived prestige and rareity can differ dramatically. For this reason you're advised to get a guarantee in writing of a mutually agreed valuation for the vehicle.

As for where to find insurance, you're better off looking at specialist companies as opposed to regular insurance ones - you'll get a much better deal and they'll be far more understanding of what exactly the car is worth. That's not to say that you shouldn't check with your existing car insurance company though, they may be able to offer you a great deal saving you the time and effort of looking for classic car insurane elsewhere!

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