Classic cars have been defined in so many ways. Some think of it as transport of eccentrics while some consider them to be glamorous, expensive, and high maintenance status symbols. We won’t blame you if you really don’t know if your car is a classic but we’re telling you now that this can make a huge difference to your car insurance premium. So just in case you figure out if your car is a classic, we’ll provide you guidelines that will help you get the best deal. See below.

* It is widely reported in the motoring press that classic car insurance is far cheaper than a modern car policy but it is important to be vigilant and well informed.

* The condition and scarcity of a classic can vary dramatically, and an owner’s perception as to the value of his beloved car can often be at odds with his insurer’s valuation in the event of a claim.

* Search for a specialist insurer, they are more likely to provide specialist assistance and provide a better rate.

* It is vital that you take out a guaranteed agreed valuation when insuring your classic car. A genuine agreed valuation is the value guaranteed by the insurer should the car be written off or stolen. Make sure you check that your valuation is ‘guaranteed’, as some insurers have refused to pay out the full amount, despite the owner believing that they were fully covered.

You might be surprised to learn that some insurance providers consider your 1970’s Datsun Cherry a classic, so be extra careful when choosing your car insurance policy. There is always one out there that would perfectly suit your needs.