As is often the case with most types of insurance, there are various levels of classic car insurance to choose from never mind a number of options that can be added in to the policy. It would be worthwhile covering the various levels of cover available so that you can then make a balanced decision as to the one that is most suitable to meet your requirements.
Laid Up Classic Car Insurance
This level of insurance, that tends to be the cheapest, is specifically designed to cover your classic car whilst it is being restored in your garage as long as it has been declared SORN (Statutory Off Road Notification) and will cover you for theft or fire damage to your vehicle.
Classic cars require suitable insurance
Third party classic car insurance
This is the most basic level of cover and is often the next cheapest option. However, you must bear in mind that cover is very limited. It will only provide cover for damage caused to other vehicles, property and people should you be involved in an accident and it is a legal requirement that you must have at least this level of cover if your classic car is being taken on the public road system.
It does not include cover for your own vehicle.
Third party, fire and theft classic car insurance
This will cover your classic car for all that has been mentioned above under third party cover plus it will also provide cover for your own vehicle should it be stolen or involved in a fire. This tends to be the next most expensive option.
Fully comprehensive classic car insurance
This level of insurance not only covers everything that has been mentioned under third party and third party fire and theft but will also include cover for damage caused to your own classic car should it be involved in an accident even if the accident is your fault. As the name of it implies, it provides the most comprehensive level of cover and tends to be the most expensive to arrange.
Hopefully, the above will be of assistance in helping you make a decision as to which is the most suitable level of classic car insurance.
