Classic Car Insurance - How to Find a Perfect Online Quote For Yourself So first things first, exactly what is a classic car? There is no absolute definition for the classic car and individual insurers will vary within their attitudes on the definition. As a guide look at the Customs and Revenue attitude towards the matter: If a car is over two decades old and worth greater than A�15, 000, chances are theyll will contemplate it to be a classic car. Having invested lots of time and cash on such collector vehicles, these automobile enthusiasts should look for reliable insurance providers to insure them for loss or damaged. The chosen insurer really should have specialized program with claim specialists whore knowledgeable and in a position to deliver excellent service including handling of these claims in a very proper manner. Proper in the sense it must be professional, timely and efficient whenever a claim is done. You need to know that the classic car means a car or truck that is a a minimum of 20 years old, its used being a secondary vehicle, maintains limited miles around 2,500, is a great condition, it is not used for business purposes which is maintained an individual land or even in a garage. A few of the insurance agencies is only going to provide services for owners whore over 21 yrs . old, while other firms will still only insure specific brands. The percentage of your policy that covers theft, vandalism, and fire can cost you a bit more. It is estimated to become about one percent of the total price of your automobile. In other words, if classic car insurance hinckley classic car insurance in spain what does classic car insurance mean american car insurance rates your automobile will probably be worth $120,000, you will pay $1200 for comprehensive and collision coverage. Remember that additional factors come into play for example where you live, how many times you drive your vehicle, as well as the form of vehicle." If you own a motor vehicle thats built before 1973, you wont be paying road tax, but will still must display a road tax disc. The new regulations will be to make in the next several months, and also the current tips on government websites is that it will affect those who own classic cars who do not insure each of the year. This means that youll have to sign up for SORN for any period that you dont want the automobile to become paid by insurance. Of course in case you are paying road tax this will be a different saving, if something of an hassle. SORN means exactly what it says, and also the vehicle cannot be stored over a public road if not covered by a tax disc.