At Call Wiser, we are passionate about finding the best quotes for our customers. We understand that your classic car is a thing of beauty and something that you really cherish in your spare time.
When you call and speak to one of our advisors, we will ask you a series of basic questions. By understanding your requirements, we will consider the different ways that we can save you money on your insurance policy, which we explain in further detail below.
No, you don’t need insurance for vehicles that are not driven on the road, provided that you have a Statutory Off Road Notification (SORN). This is a document that is processed by the DVLA and recognizes that you have a vehicle that you keep off road.
If you have a modern or classic vehicle that you use on UK roads, it is a legal requirement to have at least third party insurance. This will cover any other drivers or pedestrians that you may come into contact with, but not cover your own vehicle. Driving on the road in a vehicle without insurance is illegal as per the passing of the Continuous Enforcement Insurance law that was passed in 2011.
Around half a million people were found driving without insurance during 2010 to 2013. If you are caught driving without insurance, it can lead to up to 6 penalty points, a fine of up to £1,000 and court prosecution.
Above all, if you are involved in a road accident without insurance, you will not have the financial cushion of claiming from your insurer for personal or physical damages to your vehicles.
If your car is declared SORN, you can choose to get laid up insurance to cover you for any potential damages, fires and theft. There is very little risk for insurance providers because you are not driving on the road or coming into contact with other vehicles – so the cost of laid up cover is usually very affordable.
Further savings are available if you keep your vehicle in a garage because this is a good security feature and will reduce the likelihood of your vehicle being stolen.
If you have declared a SORN and therefore your car is not being used, you can apply to the DVLA for reimbursement of your road tax which can potentially save you a few hundred pounds a year.
If you want to drive your classic car just for the summer months, you can look at getting temporary car insurance. This will allow you to choose how many weeks and months you want to insure your vehicle for and it will be more affordable than taking out an annual policy.
Classic cars are typically used only for more social and leisure purposes such as driving on weekends, summer months and trade shows.
Since classic cars will do less mileage, they are at less risk of being involved in an accident on the road and making a claim to your insurer. As there is less risk, the cost of your premium is likely to be less.
So when you apply for a quote, you can save money by proving that you do less mileage than the average driver in the UK who does 8,000 miles a year.
It will help if you can have your mileage from the previous year available or try estimate your mileage for the forthcoming year.
Alternatively, you can obtain a little black box to measure your mileage using a satellite and your insurance premium will adjust each month accordingly.
If you have driven without making a claim for a number of years, you will be able to save money by using your no claims bonus. This discount of up to 85% rewards drivers that avoid making claims due to be safe and sensible drivers and because the insurance company hasn’t needed to pay for any claims, they are happy to provide a discount as a thank you.
Our advisors will ask if you have a no claims bonus available and whether we can apply this to your classic car insurance policy. Even if you have made some claims over the years, there are some specialist insurers that we work with who may be able to provide you with a discount as part of an introductory offer.
Having safety features on your classic vehicle is essential to save money on your insurance premiums. The idea is that if your vintage vehicle has proper locks, alarms and is kept in a garage, it is less likely to be stolen. So if your car is less attractive for thieves, our insurers will feel that there is less risk involved in insuring your vehicle.
If you can prove that you have adequate safety features to our insurance partners, you will be able to make a significant saving on the price of your insurance.
It is common for classic car owners to restore their vehicles and add modifications such as new braking, steering, speakers, cooling and alarms.
Certain modifications made to the vehicle could make the policy more expensive as the alterations could be more costly to replace in the event of them being damaged.
To save money, there are some modifications that will positively impact the safety of the classic car such as better steering or alarms. So it is could be worth discussing these with your insurer to see what features could help improve your classic vehicle and make it less of a risk to insure.
It is important to disclose all the modifications to your insurer or your policy may not comply with the Road Traffic Act.
You can save money by insuring more than one vehicle on the same policy. So if you have a few classic cars or a mix of classic cars and modern vehicles, you can put them under a multi car insurance policy.
By purchasing insurance in quantity, you are able to save up to a third on the insurance of every extra vehicle. Plus, there is less admin involved and worry about renewing lots of policies if they are all under the same account.
We provide great flexibility at Call Wiser in order to get you the best deal. Even though you are insuring up to 5 vehicles, we are able to use different insurers under the same policy to make sure you get the best price. Every car has different requirements and your classic car may require a specialist insurer, so being able to access numerous policies under one single account is a great way to save money.
If you are part of an official classic car club in the UK, other than being able to share your passion with other enthusiasts and attend regular social events, you also be entitled for a discount of 15% to 25%.
If you are part of a classic car club, be sure to speak to your President for more information.
If you car was made pre-1973, then you do not have to pay road tax on your vehicle which over the years can save you a few hundred pounds. The UK Government wishes to support classic cars as they believe they are an important part of the country’s heritage. See more about the road tax exemption here.
There are also tax breaks for company cars that are older than 15 years and worth more than £15,000.
We are passionate about helping you get the most competitive quote for your classic car and helping you save money every step of the way.
In addition to the methods we have mentioned here, we can also recommend that you pay your premium annually rather than monthly instalments as there could be an extra cost of 20% for doing so. We will also look at ways to potentially increase your excess cover so that you can save money on your policy price too.
We understand that a classic car is a prized possession and therefore you are likely to take care of it better than a standard vehicle. We think that you should be rewarded for this which is why we are committed to finding you the best price possible.
We believe its better to talk because it allows our advisors to get to know more about you and your vehicle. Simply call us today to see how we can save you money on your insurance. All calls are free from UK landlines and our team are ready to take your calls.