How to reduce the cost of classic car insurance

As ethical insurers, we are committed to transparency when it comes to our pricing and customer service. To help you save, we are revealing some of the key areas taken into consideration when calculating the cost of our classic car insurance policies.

Mileage of vehicle

We offer per vehicle mileage restrictions or group restrictions covering a number of cars. Naturally, the more mileage you do, the greater the risk resulting in an increased premium. Checking a vehicle’s MOT history online is a handy way to keep track of your mileage. Cross-referencing this with your mileage record will give you a solid foundation to forecast your mileage at renewal.

If at renewal, you didn’t reach your mileage restriction, consider reducing it so long as you are expecting to use the same amount of mileage for the forthcoming year. If you are reaching your limit, contact your insurance account manager to increase your annual limit. It is important to do this before you exceed any policy limit.

Multi car discounts

The more cars on this type of policy, the larger the multi car discounts. This applies across ALL vehicles on a fleet. If you have your vehicles insured separately, we can bring them together so that you maximise your multi vehicle discount and create a common renewal date.

Car storage

Review the storage of your cars and how they are protected. For example, consider storing your vehicle in a locked garage rather than a driveway.

Valuation

The value of your car can also impact the premium cost. Regularly check the value of your vehicles to ensure you are only paying the premium based on the current vehicle values.