When’s the best time to renew classic car insurance?
Unlike standard car insurance, where renewing 20 to 27 days before your expiry date can provide cheaper premiums, classic car insurance works a little differently.
Specialist classic car insurance brokers are more bespoke and typically maintain consistent pricing, regardless of when you renew.
So, what else should you know?
- Does the time of day matter?
- Are certain days of the week cheaper?
- What else affects how much you pay?
Before we get into it, if you’re looking for a fast and easy way to insure classic cars, no matter the renewal date, you’re in the right place.
Is there a best time of day to purchase classic car insurance in the UK?
There’s a common misconception that buying insurance at a certain time of day can lower your premium. For standard car insurance, prices can vary slightly depending on when you get a quote. But when it comes to insuring classic cars, this doesn’t apply.
Classic policies are usually quoted by brokers or specialist insurers. These providers don’t adjust pricing by the hour like comparison sites do.
Instead, classic policies base your quote on details like:
- The age, value and condition of your classic car
- Where it’s kept overnight, ideally in a garage for added protection
- Your annual mileage and usage
- Part of a collection or insured alone
- Membership of a car club
So don’t worry about whether you’re getting a classic car quote at 7am or 9:30pm. Simply remember when your renewal is due, and focus on getting the right cover in place for your classic car.
For those with particularly high-value specialist vehicles or collections, we always advise getting in touch as soon as possible. This gives our underwriters time to consider the risks properly to get the cover you need.
Should I always renew with the same insurer?
Not always. Some insurers may offer loyalty discounts, while others may increase prices significantly at renewal.
You might find that your insurer is difficult to reach when you need them most, which is no reason to renew with them.
You won’t get that with Heritage, we’re an independent broker with experienced advisors ready to take your calls. Our average call answering time is just 15 seconds, unlike the frustration of sitting at the back of a call centre queue.
Even if you stay with the same insurer, quoting early gives you more options and allows you to review your cover.
Don’t forget your renewal date or let your policy lapse
At Heritage, we understand the importance of timely renewals. That’s why we send our clients reminders approximately 28 days before their policy expires, ensuring there’s plenty of time to review and renew their policy.
We recommend setting reminders to alert you when your insurance is due, as allowing your insurance policy to lapse means you won’t have valid insurance and can result in fines or penalty points.
How can I reduce my insurance premium?
Things such as storing your classic car in a secure garage, opting for lower mileage and joining a car club can all help reduce premiums.
Read our guide on how to reduce your classic car insurance premium
Looking for a classic car insurance quote?
As a family-owned business for 60 years, we believe in expert support, tailored advice and real customer care. You can expect this every time with Heritage. Get a quote online or speak to our team today.
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