Classic Car Insurance - A Beginners Guide For New Classic Owners There are people who love active in classic cars. They enjoy the feeling of uniqueness they get from driving and owning these classic automobiles. If you belong to the class of folks that own an antique automobile or else you are intending to buy one, then you should start determing the best and affordable classic automobile insurance plan. However there is some evidence that backs up the idea that older drivers get excited about more accidents compared to average driver. Statistics show that around 8% of great or fatal accidents involved drivers older than 70 - it doesn't necessarily mean that they caused the accidents naturally. Further evidence implies that those over 70 may claim on their automobile insurance than people within their mid 40's. Of course, anybody within their 40's who's working are able to save their no claims bonus from the occasional bump and scrape. Pensioners tend to be living on limited incomes and don't have a chance to accomplish a little bit of overtime to hide unexpected costs - so all that one statistic illustrates is that they can may need to claim on their insurance. One with the main facets of classic car collecting is that your auto probably will surge in value as the years pass by. This is the exact the complete opposite of the normal car market. To this end Classic car insurers have a very system of agreed valuation. This lockton classic car insurance uk means that it is possible to set your own value around the car that you just own. Its value may be higher because it's an historic vehicle or perhaps because you have spent lots of money changing our bodies design or perhaps the engine specification. Of course it is to be agreed using the insurer and that means you just cannot just make things up or exaggerate the car's condition or features. You may have to provide photos with the car as part with the means of valuation. Other notable differences seen on classic automobile insurance policies will be the optional coverages. Many companies offer benefits for spare parts, memorabilia, tools, coverage for transport, etc. Companies generally let the higher cost of installing original equipment for repairs and utilizing a garage facility of the policyholders choice. Also, enhanced emergency roadside service is provided. You want to be sure that in order to make a claim beneath your classic auto insurance policy you are coping with an insurance company which is knowledgeable around the worth of your car or truck and will give you unparalleled service. It may be prudent to possess a professional valuation performed on your vehicle allowing an individual something written to give on the classic motor insurance company so there's no quibbling concerning the value when the unthinkable happen. Of course, you need to be sure that you are covered with the best quantity of classic automobile insurance for that valuation on your collector car.