Unfortunately, most things appear to be going up in price here in the UK. For instance, if you happen to have a variable rate mortgage your monthly repayments are likely to have risen significantly. Your utility bills will no doubt have risen. The amount you pay for your food at your local supermarket has probably gone up. Well, when you receive your renewal notice for your classic car insurance, make sure that you spend some time reading it as it is quite likely that your insurer is going to be increasing how much you pay.

As we have mentioned in an earlier post the cost of car insurance is at an all time high and the writer of this post has recently received a renewal notice to insure two cars with the premiums scheduled to increase significantly later this month. We had been paying around £80 per month to cover both family cars but our existing insurer was going to increase the cost to around £130 per month – an extra £50 per month approximately.

A discussion took place with the existing insurer and it agreed to reduce the premium slightly that they intended to charge but having spent a great deal of time shopping around we were able to arrange the cover for both cars with two different insurers for around £100 per month – an increase of about £20 per month on what we have been paying. One of those insurers is on a price comparison website and the other insurance company does not advertise on such websites. It took quite a lot of time to research but in our opinion it was time well spent.

The increase in car insurance premiums is no doubt due to a number of factors such as more costly parts being required when your car needs repairing following a road traffic accident. Nevertheless, it is an additional cost we could all do without. To make matters worse, we suspect that most classic car owners will also be in possession of a family run-around so he or she will be faced with having to try to get reasonably priced cover on both vehicles.

So, when you receive your renewal notice for your classic car insurance, make sure that you read it thoroughly and then why not get in contact with us to see if we can help you arrange the cover for a competitive premium through our extensive panel of insurers.