If you own a classic car then it is almost certain that you will also possess a family car for everyday use. So, you will not be pleased to hear that the average cost of car insurance has gone up in quarter two of 2022 according to the Confused.com Car Insurance Price Index that is produced each quarter.

With rising household expenditure such as gas and electricity bills, council tax, food, fuel and mortgage repayments it is something that the motorist could do without here in the UK. Such news could not really come at a worse time.

In the first quarter of 2022 the average car insurance premium was £550 per annum but in the second quarter of this year this figure has risen by £4 per annum to an average of £554 per annum. A year ago premiums stood at £522 per annum on average. That is an increase of £32 per annum.

Whilst not certain, if car insurance premiums go up then it could be that classic car insurance premiums may have also increased. This would mean that those who own both a family saloon and a classic car could be faced with two motor insurance premium rises.

The place that you happen to live in the UK has a bearing upon how much your insurance company charges you for classic car insurance. Perhaps because Inner London has so many people living in such a small area and there are so many vehicles on the road the cost of insuring a car is more than any other region in the UK. The average premium was £882 per annum with this being significantly more than the average across the UK.

If you are looking for a quotation for insuring a classic car then may we suggest that you get in touch with us and we will try extremely hard to help you obtain a competitive quotation for your cover.