Determining the correct answer to this question could be worth hundreds of pounds to many vehicle owners who may be missing out on savings on their car insurance.


The specialist classic car and motorcycle insurance broker Footman James says motorists should check whether their vehicle is classed as a classic as they could receive a number of benefits, not least a reduced insurance premium.

Now offering specialist insurance policies on some marques at just five years old, Footman James believes a number of motorists could be missing a trick.

For example, Mercedes-Benz and Jaguar car club members who are lucky enough to own a cherished Jaguar or Mercedes that is their second car and only covers limited miles per year could benefit from special policy rates when that vehicle reaches its fifth birthday.

Owners of American cars which are five years old or more also qualify for a specialist insurance policy.

Customers looking to insure a classic car under 15 years or a classic American car under 20 years old must be a member of a related car club.

Andy Fairchild, Footman James’ managing director, said: “The industry recognises that, on the whole, owners who cherish their vehicles usually drive fewer miles and generally avoid taking their car out in adverse weather conditions, therefore reducing the likelihood of a claim.

“Therefore, in many instances, classic car policies, whilst not totally immune, generally suffer lower premium rises than modern car policies.

“So, it is definitely worth shopping around and checking whether your vehicle is classed as a classic.”

He added: “In addition, there are a number of ways in which classics owners can keep their premiums down.

“For example, if a customer owns a number of cars, there is the option of a multi-vehicle policy or if they don’t cover many miles in their classic, a limited mileage policy could be ideal.  Customers can also benefit from additional savings by being a member of a car club.”