Classic car insurance 'is often cheaper'

Fans of vintage motors will state that there are many benefits to owning one and among the biggest advantages is the fact that classic car insurance quote costs are often a lot lower than the cost of protecting a brand or relatively new set of wheels.

Nick Gibbs, writing for Moneywise, said that there are a number of ways consumers can keep the cost of driving down, with one of them being to opt for a good older vehicle.

"Anyone who's owned a classic car will quickly list the benefits and somewhere up top is cheap insurance. Specialist brokers are generous because they know the cars are cherished and driven carefully and infrequently," he noted.

Mr Gibbs went on to add that it is worth investigating with companies to see what their definition of the term classic car actually involves.

According to price comparison website, one in six Brits has got behind the wheel of a vehicle without the necessary paperwork in place.

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