Classic Car Insurance For Young Drivers By Dave Healey
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.
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 favourites 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...
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFUpvB7zjMCQTJknVWpiapdv9svpAamp;url=http://www.muscularmustangs.com/2012/news0657_boss_makes_hagerty_hot_list.phpimg src=//nt2.ggpht.com/news/tbn/Rn-c2CIG9CUMBM/6.jpg alt= border=1 width=80 height=80 /br /font size=-2MuscularMustangs.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFHhXPhyJcHynKDIQIERu2NW4C1CAamp;url=http://www.autoweek.com/article/20120131/CARNEWS/120139965bHagerty predicts future bclassics/b/b/abr /font size=-1bfont color=#6f6f6fAutoWeek/font/b/fontbr /font size=-1bClassic/b-bcar insurer/b Hagerty released its latest Hagerty Hot List last week, highlighting today#39;s cars that are expected to be future bclassics/b. This comes on the heels of Arizona auction week, where record-breaking sales take place yearly./fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGqrinmyARKvokKsA885l8HzaRX4Qamp;url=http://www.autoblog.com/2012/01/30/hagerty-predicts-this-years-future-classics/Hagerty predicts this year#39;s future bclassics/b/afont size=-1 color=#6f6f6fnobrAutoblog (blog)/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFpDTkhinB4rsR5QPhfmClRlAzJqQamp;url=http://blogs.wsj.com/drivers-seat/2012/01/27/which-new-cars-will-become-collectible-classics/Which New bCars/b Will Become Collectible bClassics/b?/afont size=-1 color=#6f6f6fnobrWall Street Journal (blog)/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dlrXlLeFUWvzIsMjwZ3KKkhGC5JoMnobrball 12 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHSxcNDRGTnozMKoZkb3SWEc4h3vgamp;url=http://firstread.msnbc.msn.com/_news/2012/01/27/10254478-audience-stacked-for-florida-debate-not-so-says-state-gopbAudience stacked for Florida debate? Not so, says state GOP/b/abr /font size=-1bfont color=#6f6f6fmsnbc.com/font/b/fontbr /font size=-1That#39;s like saying if you don#39;t have auto binsurance/b, and you have an accident, we should fix your bcar/b??? Reread what I said, you missed the point. There have been plenty of people that have complained about mandatory Auto bInsurance/b, they are wrong./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dMekvIv08gSxiWMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNF5a7o4l5JCDAaHNko-tydWNBfIMgamp;url=http://www.berkeleydailyplanet.com/issue/2012-01-27/article/39205?headline%3DSENIOR-POWER-Sister-Age--By-Helen-Rippier-WheelerbSENIOR POWER: Sister Age/b/abr /font size=-1bfont color=#6f6f6fBerkeley Daily Planet/font/b/fontbr /font size=-1Its cover is the portrait of Ursula von Ott, a forgotten German Swiss lady bvintage/b 1767. When Fisher first saw it in a “drab little shop,” she knew: “I was going to write about growing old…I was going to learn from the picture. It was very clear to me b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dlyMZcgVkvaQ2EMnobrb/b/nobr/a/font/div/font/td/tr/table
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