Classic Car Insurance Picking out the most suitable option American classic automobile insurance can be quite a difficult course of action should you not understand what exactly you would like. There are a few stuff that you need to bear in mind when looking for insurance for your hot rod, muscle car or whatever American classic car youve got inside your garage. There is no official fixed meaning of a classic but taxation stop dates often present an indicator. All cars built before 1st January 1973 are exempt from paying annual road tax and display a historic vehicle sticker. Some insurance providers will only offer classic insurance plans on vehicles next date, but a majority of will consider yours if it is over a decade old. The cost of uninsured drivers is estimated being approximately A�500 million for the insurance industry. This is not, of course, the price of people who have a well used car that they can usually do not insure for periods they may not be making use of it! However to combat the startling quantity of uninsured drivers now on Britains roads, the federal government is introducing a new system of fines and powers to confiscate and crush the vehicles of repeat offenders. If you have a vintage car and therefore are researching to find finance insurance its worth being conscious of the implications of the new regulations. If you own one of them classic luxury cars, you need excellent insurance coming from a company that specialises in classic automobile insurance to be sure the assurance of your valuable vehicle. With it, your prized classic car insurance northern ireland possession is going to be safe, regardless of what problems might occur by it. See, regular insurance wont sign up for every type of vehicle since regular cars oftentimes depreciate and their regular use ensures they are prone to specific situations, which in turn requires these phones have specific plans made specifically for them. Many classical cars are vintage and valued commodities, so do make sure when obtaining insurance that youve an agreed value due to the cost, otherwise you might find yourself in the event of an insurance claim not receiving the truth is cost. Keep an eye on the cars value and regularly update this together with your provider to see if youll be covered for the vehicles full amount. Being a vintage car its value may continue to rise the older it gets.