HMCE’s definition of a classic car is a car that is over 15 years of age and worth at least £15,000 but for insurance purposes classic car insurers take a more relaxed approach with no laid down definition –each insurer deciding if the car has to be at least 5,10,15 or 20 years old.

Nowadays, the younger visitor to a classic car event may well be as keenly interested in a Ford Capri as an Austin.

In fact, according to MoneySupermarket.com the VW Beetle is the UK’s most popular classic car and accounts for 70% of tax-exempt cars.

The above comparison price website examined 34 million car insurance enquiries it received in the 12 months to 31 March 2012 that revealed the top 10 cars from the 1980’s that have survived are: –

1. Volkswagen Golf

2. Austin Rover Mini

3. Ford Escort

4. Land Rover 90

5. Ford Fiesta

6. Peugeot 205

7. Ford Capri

8. Volkswagen Polo

9. Porsche 944

10. Ford Sierra

When you look at this list many of you will be familiar with most if not all those makes and models. For those of you who are actually the proud owner of one what type of car insurance have you got for your classic car?

For some of you the response may well be – ordinary car insurance, perhaps because you felt that was the only option open to you believing that classic car insurance was only available to cover shall we say ”older looking classic cars”. In which case you may be able to save yourself some money because if you can meet the conditions for insurance specifically for classic cars and you feel it provides the cover you require such insurance is normally cheaper than ordinary car insurance.

This is because insurers believe that owners of classic cars take more care of them both maintenance wise and bodywork wise than a modern car and you are unlikely to do as many miles in it.

So, think about the above and perhaps compare the costs and benefits of both types of car insurance.