How much does it cost to insure a classic car?
Insurance premiums are determined by a number of different factors in fact, you could drive exactly the same vehicle as your next door neighbour and still face radically different premiums. Thats because insurance companies taken into account factors including your driving history; your address such as whether you live in a busy traffic or high crime area; your personal circumstances, such as whether you are married and what you do for a living; your annual mileage; and, of course, the vehicle itself. Generally, older cars earn cheaper premiums from insurance companies because they cost less to repair/replace in the event of an accident. However, in the case of many classic cars their parts can be more expensive (due to their rarity) and because their values often increase year on year, they could be more costly for an insurance company to replace in the event of a write-off/theft. As such, insurance companies categorise classic cars into different groups which are then used to evaluat
