Thousands of people across the UK are likely paying more than they need for their car insurance. This is because, unbeknownst to many motorists, their car is now considered a “classic”.
Footman James, one of the UK’s leading specialist classic car insurers, warns that many drivers are unaware that their everyday car may qualify as a classic. Depending on your vehicle's rarity, cultural significance, condition and use, you could be saving some serious cash. Adam Summersby, trading director at Footman James said: “Many drivers think of classic cars as something from the 1960s or 70s.
“But cars from the late 1990s and up to 2001 are recognised for their design, heritage, and cultural appeal.
“If your car qualifies as a classic, you could be paying more than necessary on a standard insurance policy.
“Speaking to a specialist insurer can ensure your vehicle is properly covered and it could even result in hundreds of pounds in savings.”
There is no single legal definition of what makes a ‘classic car’ - but if it meets one or more of these criteria, you might be in luck.
If your car was manufactured on or before 2001, it could qualify, as does a car that was produced in smaller numbers. These are often viewed with more favouritism by experts.
Another criterion is a car with cultural or historical relevance - a car which was big in popular culture or represented a milestone in design can qualify.
If you haven’t properly looked after your car, you might be unlucky. People look for well-maintained, original or well-restored vehicles when they are searching for a classic car.
It’s also good if your car hasn’t been used as a daily commute vehicle. Cars that have driven fewer miles are more likely to qualify as a classic.
Age - before 2001
Rarity - not many made
Cultural significance - signposted an era
Maintenance - well cared for and restored
Usage - lower mileage