"More specialist providers of classic car insurance have emerged which has increased the competition which in turn has lead to more affordable insurance for experienced and also young drivers of class cars."
Last Review July 2023 by Insurancequotesni Editorial Team
Classic car insurance is normally the preserve of older drivers, but more and younger divers are joining the bandwagon. As a result, a new and growing demand now exists for classic car insurance for young drivers, and in particular for those sunder the age o 25.
Classic car insurance is available for young drivers, but expect to pay more than a more experienced driver. The reason is young drivers have a higher risk profile, read more chance of making an insurance claim. Whilst expensive, you can take steps to reduce the insurance premium. One of these is giving the insurance company access to your driving data. This, if you are a good and safe driver, can lead to future discounts on young driver class car insurance.,
If the classic car is not your main car, and you only take it out on the road occasionally, then look for an insurance company that will provide cover on based on miles per annum. We have listed some other steps that a young driver or indeed any driver can take to lower the final insurance premium.
It is true that young drivers struggle to get classic car insurance. Footman James is a player in reversing this trend with the instruction of a policy for young driver enthusiasts aged 18-24. In order to obtain a quote, potential applicants must meet a list of qualifying criteria that include:
Not all classic cars are expensive to insure, and for young drivers we have selected 2 names that we are all familiar with:
A growing number of insurance companies now offer classic car insurance for young drivers, and it is advisable for young drivers ( male and female ) to compare quotes from a wide range of different providers, and then go with the one that offers the best policy at the most competitive price.
*51% of consumers could save £504.25 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from September 2023 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.