Home Lifestyle Classic car owners can reduce insurance costs by buying a new car

Classic car owners can reduce insurance costs by buying a new car

0


They warn usage levels are one of the “main reasons” insurance is often lower for classic vehicles.

Speaking to Express.co.uk, Greg Wilson, spokesperson for QuoteZone said owning a second vehicle is a “key requirement” for many classic insurance providers but they are not “fixed requirements”.

He said: “Although James Bond obviously uses his car on a daily basis for work purposes, a key requirement for most classic car insurance policies is that the vehicle should not be the owner’s main car.

“The owner should have a primary vehicle for daily use, which is insured in their name, insurance providers require this because it’s a form of proof that the classic car won’t be used on a daily basis.

READ MORE: Rowan Atkinson classic Ford Falcon up for sale in auction



LEAVE A REPLY

Please enter your comment!
Please enter your name here