| Despite the recession, perhaps because of the | | | | These schemes often include additional benefits, such |
| recession more and more car drivers are purchasing | | | | as helplines and approved specialist repairers who are |
| the classic car or performance motor they have | | | | on hand as part of the claims package. |
| always dreamed of owning and driving when they | | | | Specialist car insurance schemes also provide cover |
| were younger. It may have been because they could | | | | for high performance, prestige, classic or sports cars in |
| never afford it, or more likely due to other | | | | particular, and you could certainly save money by |
| commitments such as having to purchase a sensible | | | | taking out a policy from a scheme associated with |
| family estate car for the wife and three children, that | | | | your car, rather than standard motor insurance from a |
| they are now making up for it - big time! | | | | insurance comparison supermarket. |
| Times have changed and due to the economic crisis | | | | If your car is not a regular everyday standard road |
| and a change in the attitude of a generation, sports | | | | vehicle, but is special with accessories and |
| cars and classic cars are all the rage with the baby | | | | modifications, or it is worth over £10000 you |
| boomers, who can now be seen driving around town | | | | may find yourself subjected to higher premiums from |
| in cars they once pushed around as dinky or | | | | the standard motor insurance providers. |
| matchbox toys when they were little boys and girls. | | | | Wholesale insurance companies argue that handling |
| Those big kids who would once maybe invest in | | | | claims and arranging specialist parts for replacement |
| shares on the stock exchange are now putting their | | | | and repairs, tend to be much more difficult to arrange |
| investments into tangible property, and classic cars and | | | | and expensive and the result is higher premiums. Many |
| performance motors have become the investment | | | | mainstream car comparison insurers do not want to |
| collectors portfolio of choice. Consequently as demand | | | | cover you period, so they will try to exclude you and |
| for expensive cars rises, the supply of car insurance | | | | dissuade you by offering highly weighted premium |
| responds, and there are now some excellent money | | | | quotes and expensive cover. |
| saving opportunities on the market that were only | | | | Worse still if you are forced to claim, you may even |
| available to a privileged few before the advent of | | | | get sent to the wrong type of repair workshop by a |
| online underwriting. | | | | standard insurer, when your motor or classic car |
| For those of us who have eventually realised our | | | | requires specialist tools at the main dealer or makers |
| dreams and secured that prized classic car or souped | | | | garage! |
| up modified sports car we always wanted, it is | | | | You could be paying much less for your classic cover |
| important to protect it with a comprehensive policy | | | | by switching to a specialist provider of classic car |
| from an independent insurance specialist. | | | | insurance. In certain circumstances, for example where |
| Specialist car insurance providers will save you money | | | | your existing policy provider is charging you for |
| by presenting to you unique cover options, which have | | | | unnecessary elements of cover, or does not really |
| been specifically incorporated into the policy wording | | | | want you as a client as your profile does not match |
| for your specific vehicle. | | | | the optimal risk profile for their book of insurance |
| These bespoke policy types are known as classic car | | | | business, you could save hundreds if you switch to a |
| insurance schemes and are often initially drawn up by | | | | classic scheme. Additionally schemes more frequently |
| an underwriter, in request to a large pool of insurance | | | | than not offer exclusive discounts not found at the |
| presented by a classic car club club or society. Each | | | | mega insurance supermarkets. |
| manufacturer will have multiple members clubs and | | | | The benefits of these schemes are that you buy a |
| there may be many schemes for a particular car | | | | product that is totally suitable for your individual situation |
| model. | | | | and designed around your exact personal |
| Hence the policy wordings of classic motor and sports | | | | requirements and your classic or performance car's |
| car insurance schemes often contain elements that | | | | particular insurance cover needs. |
| are specific to a particular car make, type and model. | | | | |