TOP 10 INSURANCE TIPS

There are lots of ways you can keep insurance premiums down. Here are 10 tips on how you can do it e ectively and still come away with the right policy for you and your classic Ford.

1. Don’t just renew

It’s all too easy to let the direct debit continue and sign up for another year with your existing insurer. Before you do though, have a look at quotes from other insurers. If they come in cheaper and you don’t want to switch, call your existing insurer, quote the cheaper prices and quite often they will be able to bring your renewal quote down to a similar level.

2. Look at classic insurance

They’re often tied into AgreedValue, limited-mileage polices but classic insurance specialists can offer some great-value policies. Most class a vehicle eligible for classic insurance as being over 20 or 25 years old, but some allow exceptions for modern classics, so do your research before you dismiss a classic insurance policy out of hand if you own a newer Ford.

3. Know the market

Don’t assume the same people who sort out your house insurance will always understand the exclusiveness of your Puma Racing. Do your research and make sure that they know your Ford isn’t just any old car.

4. Disclose all modifications

Even minor modifications such as an aftermarket air filter should be disclosed, or the insurance company could refuse to pay out if the unthinkable happens. It’s worth noting that not all modifications will necessarily increase your insurance premium.

5. Get Agreed Value

Where possible, go for a policy from a company that will give you an agreed valuation, so your Ford is insured for what it’s actually worth.

6. Join a club

Many insurance companies offer cheaper schemes and policies through affiliated car clubs, because they recognise that club members are enthusiasts who care about their cars.

7. Limit the number of drivers

Try to limit the amount of drivers covered on your insurance policy - if it’s your car, then the insurance company will understand that you are going to drive it with the knowledge that you’ve paid for it.

8. Do less miles

There is the temptation to drive your cherished Ford everywhere, but picking the right moments can lead to saving money on insurance. A reduction in mileage means there’s less risk involved and insurance companies will pick up on that fact. Always be honest with your yearly mileage, as you don’t want to run the risk of it affecting a claim.

9. Invest in security

Immobilisers, GPS trackers, steering locks or anything that will stop those light-fingered scumbags having away with your Ford is worth doing, and quite often will be a requirement for an insurance policy.They may even ask what type of locks are fitted to your garage doors.

10. Don’t over-value your car

Overvaluing a classic Ford when applying for an insurance quote could lead to an increase on the premium price. Most cherished Fords tend to hold their value, but you should be cautious in how you rate one.