1 / 3

Leland West Classic Insurance for Young Drivers

In the past we were all used to seeing young and first time drivers around town in beaten up old jalopies or rust buckets, that looked like they were not going to pass the following years MOT test of road worthiness.

Download Presentation

Leland West Classic Insurance for Young Drivers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Leland West Classic Insurance for Young Drivers In the past we were all used to seeing young and first time drivers around town in beaten up old jalopies or rust buckets, that looked like they were not going to pass the following years MOT test of road worthiness. Today many of these cars are eligible to be covered under a classic car insurance policy, and due to the low cost of acquisition, many are being driven by young drivers. With the advent of new paint technologies in the nineteen eighties and robotic construction techniques introduced to mass car assembly production in the nineteen nineties, cars are staying on the road much longer than their predecessors and way beyond the lifetime of their depreciation value. In the past classic cars tended to be things of rarity, and consequently the resale value tended to be outside of the normal depreciating rate, as demand kept the prices up. This is just as true today for cars from sought after and prestigious marques and the recent recession has led to a resurgement in investment for the scarce collectors or vintage classic car.

  2. Conversely the number of standard family cars that are now defined as eligible for classic car cover buy being over a certain age, has risen dramatically. These are the very same cars that are being bought by the majority of young drivers when they first pass their driving test. Although technically classic cars they can be picked up from used car dealers at next to nothing. Young driver favorites such as the VW golf and Ford Escort hatchbacks are now considered classic cars and reasonable models can be bought for under a thousand pounds. Car insurance for young drivers is often prohibitively expensive due to the nature of the risk and this is no different if a young driver applies for classic car insurance. Young drivers are further hampered in purchasing this type of insurance as most will not have accrued any substantial no claims bonus or discount for safe driving years experience. Most car insurance suppliers will not insure anyone under twenty five under a classic car policy, however some of the better more specialist classic cover providers like Leland West Insurance have recently lowered this age to twenty one, in some cases. Although classic car insurance schemes are widely renowned to be much cheaper than standard cover, even if offered to a young driver, they should be aware that many of these polices have limitations to the amount of time and distance that can be craven in the classic during any period of insurance. As young people tend to use their cars more in pursuit of their lifestyles, this type of policy may include cover restrictions which are not be suitable for a young driver. Young people looking for cheaper car insurance should shop around on the Internet to investigate a classic policy if the car they own really necessitates it and

  3. all the additional covers it offers, with the caveat that the classic cover might not be all they require of a policy should they be unfortunate enough to make a claim. Cheaper cover can usually be obtained from Leland West Insurance website. If you want to find more, contact at +1 559-431-8282.

More Related