| In the past we were all used to seeing young and first | | | | a thousand pounds. |
| time drivers around town in beaten up old jalopies or | | | | Car insurance for young drivers is often prohibitively |
| rust buckets, that looked like they were not going to | | | | expensive due to the nature of the risk and this is no |
| pass the following years MOT test of road worthiness. | | | | different if a young driver applies for classic car |
| Today many of these cars are eligible to be covered | | | | insurance. Young drivers are further hampered in |
| under a classic car insurance policy, and due to the | | | | purchasing this type of insurance as most will not have |
| low cost of acquisition, many are being driven by | | | | accrued any substantial no claims bonus or discount |
| young drivers. | | | | for safe driving years experience. |
| With the advent of new paint technologies in the | | | | Most car insurance suppliers will not insure anyone |
| nineteen eighties and robotic construction techniques | | | | under twenty five under a classic car policy, however |
| introduced to mass car assembly production in the | | | | some of the better more specialist classic cover |
| nineteen nineties, cars are staying on the road much | | | | providers have recently lowered this age to twenty |
| longer than their predecessors and way beyond the | | | | one, in some cases. |
| lifetime of their depreciation value. | | | | Although classic car insurance schemes are widely |
| In the past classic cars tended to be things of rarity, | | | | renowned to be much cheaper than standard cover, |
| and consequently the resale value tended to be | | | | even if offered to a young driver, they should be |
| outside of the normal depreciating rate, as demand | | | | aware that many of these polices have limitations to |
| kept the prices up. This is just as true today for cars | | | | the amount of time and distance that can be craven in |
| from sought after and prestigious marques and the | | | | the classic during any period of insurance. As young |
| recent recession has led to a resurgement in | | | | people tend to use their cars more in pursuit of their |
| investment for the scarce collectors or vintage classic | | | | lifestyles, this type of policy may include cover |
| car. | | | | restrictions which are not be suitable for a young |
| Conversely the number of standard family cars that | | | | driver. |
| are now defined as eligible for classic car cover buy | | | | Young people looking for cheaper car insurance should |
| being over a certain age, has risen dramatically. These | | | | shop around on the Internet to investigate a classic |
| are the very same cars that are being bought by the | | | | policy if the car they own really necessitates it and all |
| majority of young drivers when they first pass their | | | | the additional covers it offers, with the caveat that the |
| driving test. Although technically classic cars they can | | | | classic cover might not be all they require of a policy |
| be picked up from used car dealers at next to nothing. | | | | should they be unfortunate enough to make a claim. |
| Young driver favourites such as the VW golf and | | | | Cheaper cover can usually be obtained online from a |
| Ford Escort hatchbacks are now considered classic | | | | comparison site or a car insurance for young drivers |
| cars and reasonable models can be bought for under | | | | specialist providers website. |