Thousands of motorists across Britain are likely forking out more than necessary for their car insurance. This is because, unknown to many drivers, their vehicle is now classed as a "classic".
Footman James,amongst the UK's top specialist classic car insurers, cautions that numerous drivers are unaware that their everyday motor may qualify as a classic. Depending on your vehicle's rarity, cultural significance, condition and usage, you could be saving substantial money.
Adam Summersby, trading director at Footman James said: "Many drivers think of classic cars as something from the 1960s or 70s.
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"But cars from the late 1990s and up to 2001 are recognised for their design, heritage, and cultural appeal.
"If your car qualifies as a classic, you could be paying more than necessary on a standard insurance policy."
"Speaking to a specialist insurer can ensure your vehicle is properly covered and it could even result in hundreds of pounds in savings."
There is no single legal definition of what constitutes a 'classic car' - but if it meets one or more of these criteria, you might be fortunate, reports the Express.
If your vehicle was manufactured on or before 2001, it could qualify, as does a motor that was produced in limited numbers. These are often viewed with more favouritism by specialists.
Another criterion is a vehicle with cultural or historical relevance - a car which was prominent in popular culture or represented a milestone in design can qualify.
If you haven't adequately maintained your vehicle, you could be out of luck.
Buyers seek well-cared-for, authentic or expertly restored motors when hunting for a classic car.
It's also beneficial if your vehicle hasn't served as an everyday commuter car. Motors that have covered fewer miles are more prone to meet classic status.
Classic car criteria check list- Age - before 2001
- Rarity - not many made
- Cultural significance - signposted an era
- Maintenance - well cared for and restored
- Usage - lower mileage
