Classic car news
17/09/2008
Car insurance requirements for multiple vehicles on the rise
A study by Admiral car insurance services has shown that, despite the recent increase in motoring costs, more UK motorists now own multiple vehicles. The figures have risen by 33 percent since January 2006.
The survey also found that motorists are also keeping cars for longer and that many people choose to own a second, classic car, which has prompted the cheap car insurance provider to increase the maximum age of vehicle that they can provide motor insurance cover for.
Sue Longthorn, Admiral's Managing Director, said, "Many of the motorists we cover have an everyday car and a classic older car, which they drive for fun. In the past, if these vehicles were more than 30 years-old we weren't able to cover them, now we can. The only stipulation we have is that all the people insured to drive it are over 25.
"We have been able to reduce premiums for these cars because their owners have proved to drive particularly carefully, and have a relatively low accident record."
The car
insurance provider has increased the maximum age of vehicle it can
insure from 30 years up to 50 years.
