What’s a Classic Car?
The UK government’s definition of what can be designated as a classic car not only differs to that of owners and the insurance companies but also between its own agencies The UK government’s own DVLA (Driver and Vehicle Licensing Agency) and HMRC (His Majesty’s Revenue and Customs) have different definitions.
The HMRC Definition
A classic car is one where the age of the car at the end of the year of assessment is 15 years old or more and the market value of the car for the year is £15,000 or more.
Further information can be found at the HMRC website.
The DVLA Definition
The DVLA definition as to what constitutes a classic car is applied in the context of requirements for MOT and Vehicle Tax Exemptions. Cars registered more than 40 years ago are considered classic cars. As of writing, 2025, this would apply to cars first registered before 1985. See the post entitled ‘Classic Car MOT and Vehicle Tax,’ for more information. This differs to the HMRC definition, which is applied in respect of general taxation including personal tax and VAT exemptions and reliefs.
Further information can be found at the DVLA website.
Is It a Classic Car?
Insurance companies have different definitions as to what qualifies as a ‘classic car’ with some insurers offering policies for cars as young as 15 years old with other companies using 40 years old as the metric.
Agreed Value
You can negotiate with some insurance companies around the value of your vehicle which can be higher than the market value.
More Than One Classic Car
If you’re lucky enough to own more than one classic car, some insurance companies will offer multi-car policies.
Choice of Repair Specialist
Many insurers will include in their classic car policy, the ability to nominate a preferred repair specialist.
Exhibitions and Weddings
The type of cover you will need, can also depend on how the car is used. For example, some owners like to take their cars to exhibitions or use them for weddings. This may require a different type of insurance cover than a normal car would.
Touring in Europe
Your insurance company can offer extended cover for when you’re travelling on the continent.
Low Mileage
If you’re only taking out your precious Anglia on the weekends, then you may wish to find an insurer who offers discounts for low mileage.
Cars Not Being Used
If your classic car isn’t being used, you may need a different type of insurance cover for theft or damage whilst off the road.
Type of Driver
Your Ford Anglia is your pride and joy and as with other classic car drivers, you’re extra careful when driving. Not only that, but you also lavish special care and attention on your car. Some insurance companies recognise this fact and will offer lower premiums.
Breakdown Cover
You may need atypical breakdown cover given that your car is a classic.
Spare Parts Cover
Your beloved Anglia parts are difficult to come by. If you have a collection of spare parts, some insurance companies can offer policies to cover the loss or theft of the spare parts.
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