We regularly share with you statistics relating to car insurance so we thought you might find it of interest to read about a number of classic car insurance statistics. After all, there will be many thousands of classic cars that are insured.

Do you happen to know what the average cost of classic car insurance is here in the UK? Well, you may be surprised to read that the average premium is in the region of £469 per annum in 2024. This has gone up by an average of £68 per annum when compared with last year – that equates to a rise of 17%. We are sure that you will agree, that is a significant increase in the space of 12 months and something that in the current economic climate classic car enthusiasts could do without. After all, a lot of owners of classic cars also own family saloon cars.

It probably does not come as a surprise to hear that age plays a huge part in how much you will have to pay to insure your classic car just as it does to insure your family hatchback. It is the young motorist who usually ends up being charged most to insure their cherished vehicle. For instance, those aged between 17 to 20 pay an average of in excess of £7,500.00 per annum. If you are between 26 to 30 years of age expect to pay an average of £939 per annum. Those in the 66 to 70 years of age bracket pay an average of £229 per annum – a huge drop in comparison with the two age groups mentioned earlier.

Where you live has a bearing on the cost of your classic car insurance with London being the most expensive region with premiums averaging £744 per annum. In fact that is 41% greater than in any other UK region.

We do hope that you found the above statistics about classic car insurance to be informative.