Types of insurance policies for classic cars
One of the most common types of classic car owners' insurance is agreed value insurance. Unlike actual cash value insurance, where the insurance company decides what your collector car is worth at the time of the loss, agreed value insurance means you will receive the agreed value of the car back in the event of a claim. This keeps you in control of the process and provides a truer, fairer representation of the financial investment your classic or vintage car represents.
How much does classic car insurance cost?
At Park Insurance, we use our position as preferred brokers to some of the UK’s biggest insurance providers to offer you a tailored vintage car insurance comparison service. With our help, you can source the best prices from insurance companies that are as passionate about vintage and classic vehicles as you are. They understand the unique value and character of classic vehicles, and as such, the policies we can source are both affordable and practical. You may need to answer a few more questions than usual about your vehicle, but the bespoke cover you’ll receive is well worth the effort.
Can I get insurance for a modern classic car?
The classic car world isn’t static, and as more vehicles reach that magic ’40 years’ marker, the number of cars considered to be ‘classic’ is growing. That early Capri may not be a 1930s Bentley, but it still has a charm all its own and is increasing in value. Talk to the team at Park Insurance, and they’ll be able to source insurance that’s affordable and practical too.