With households having to pay out more for many of their bills such as their utility bills a lot more people are “watching the pennies” Any saving that can be made in the current economic climate here in the UK has got to be welcomed with open arms including the cost of your classic car insurance.

Unfortunately, not enough people bother to review how much he or she is paying for their cover when they receive their annual renewal notice from their existing insurance company. A lot of people will probably just file the paperwork in a drawer and think no more about it.

When you consider that, according to the car insurance price index published by Confused.com who are a very well known specialist price comparison website, the average amount paid by motorists for car insurance went up by an average of £21 per annum from an average of £529 per annum in Q4 of 2021 to an average of £550 per annum in Q1 of 2022 it is a rise that people could have done without incurring. Whilst not guaranteed, if car insurance premiums rose then it is quite possible that the cost of insuring a classic car also went up. As many classic car owners also own a family car then it is quite possible that they have been hit by two rises.

Therefore, it is important that people review the cost of their classic car cover upon receipt of their renewal notice to see if it has increased, Even if it hasn’t you may still like to get in contact with us to get a competitive quotation to see if you can save any money. If we are able to save you some money then the process to transfer cover from one insurance company to another is a quick and simple one. We look forward to hearing from you when you have a moment.