Classic Car owners may be paying over the odds for insurance
Research has showed that classic vehicle has mileage less than 1,500 miles a year so the owner can be saving on the cost of their vehicle insurance policy. Based on a poll by specialist insurance broker Footman James, 93 per cent of those has surveyed said that 55 per cent, they drove their vehicle less than 1,500 miles in a 12-month period and they drove their vehicle less than 4,500 miles a year.
The survey has proved that compared with the previous 12-month period, a7 percent increase in the number of classic car owners drive their vehicle less than 1,500 miles a year. According to a database web survey and at the NEC’s Classic Motor Show, as many as 5,500 people have classic vehicle. Garry Carlin as sales director at Footman James told that many enthusiasts tend to only drove their classics periodically throughout the year.
Therefore, they could benefit from our specially designed about limited mileage policies. He added that if they drove their vehicle under 1,500, 3,000 and 4,500 miles per year, as statistically the fewer miles they would get risk of an accident. In addition, some enthusiasts might automatically qualify for unlimited mileage, which was usually charged at the same premium as the 3,000-mile option. (shropshirestar.com)