Tailor your policy to suit your needs with our range additional cover options
Add agreed value to your policy to peace of mind
Specialists rates for club members
You can split your payments into instalments
Our comprehensive classic car insurance policy provides shows and events cover as standard plus European motoring for 35 days too. You can also tailor the policy by choosing from a range of optional extras including agreed value, breakdown cover, legal protection and more.
Classic vehicle insurance specialists for over 40 years. Footman James was acquired by Towergate in December 2013 as a leading specialist in classic motor insurance. Footman James understands the cherished car movement and has developed a wide range of products for owners, collectors and professionals alike.
Agreed value is a key feature for classic car owners to consider adding to their policy. Rather than insuring your car at market value, you are able to take into consideration its classic car status and agree a value with us before you insure. If you then suffer a total loss claim, you will receive the full value agreed. Just remember, your policy excess will be deducted from the total.
We're ever improving our service for our customers and online customers are able to retrieve and store their policy documents online. Simply login to our new document portal and find all your documents in one place.
We give specialist rates if you are a member of a Footman James approved classic car club. These can be applied both online and over the phone. You can also get discount if you limit the mileage on your cherished car insurance policy. Mileage options available are between 1,000 and 10,000 miles.
When you need to make a claim, we'll guide you through the process and get your claim settled as quickly as possible.
Normally 20 years, however this can reduce for certain marques or subject to certain club membership.
Agreed value means if your vehicle is lost or totally destroyed, and the value of your vehicle has been agreed, you have the certainty that you will be paid out the amount shown on your policy schedule.
You should be aware that the maximum amount payable by insurers will be the amount shown under ‘Value’ on the Vehicle Details section of your Renewal Schedule, regardless of the market value at the time of the loss.
Market value means if your vehicle is lost or totally destroyed, you will be paid out the value of the vehicle at the time of the claim in line with current market trends.
This could be more or less than the amount shown under ‘Value’ as shown on the Vehicle Details section of your Renewal Schedule.
We will defend or settle any claim made against you on your behalf
Classic car insurance offers classic car owners specialist protection such as breakdown cover, legal protection, spare parts, salvage retention, and agreed value or market value to ensure you get back what it’s truly worth should something happen.
Protecting your car from being out on the roads and the risks that come with driving is even more important when it comes to a classic car or vintage vehicle. Making sure that you have the right policy to cover your vehicle is hugely important.
There are a number of factors which will impact the level of cover you need and the price you pay.
If you have multiple classic cars it is possible to insure them all under a single policy, which will give you peace of mind whilst also keeping all your details and documents in one place, just speak to one of our advisers about extending your cover to include other classic cars.
There are a range of standard features and additional extras when it comes to classic car insurance, which you can add to create a bespoke policy with cover to suit you:
Classic car insurance policies do not usually cover the following:
You are also usually not covered if the vehicle is unsafe, unroadworthy, or without a current MOT (if required).
You can take steps to make your classic car insurance affordable whilst still ensuring everything is covered by your policy.
If you prefer to spread the cost of your annual premium, we offer a quick and easy direct debit scheme. When you choose to pay premiums in instalments, you will be paying under a Premium Finance plan. We will give you full details of the finance provider, and the additional cost of finance, when we provide you with your payment plan quotation. This will include the total payable, the number of monthly instalments and the cost of each, as well as the representative APR.
If you would like to know more about our monthly payment option, please visit our dedicated Direct Debit page.
Thinking of investing in a classic car? When faced with some different options, making the right one can seem daunting.
Investing in classic cars has made something of a resurgence in recent years but with so many options, where does one begin with navigating the tricky waters of finding the right car. The best investments can be categorised in three broad areas: (1) the right brand, (2) limited editions and (3) an illustrious history.
With returns of up to 257% on some classic cars, it is easy to have pound signs in the eyes and just rush into buying the nearest classic car to you. But it is important to realise that this kind of increase won’t apply to every brand of car out there An Austin Maestro isn’t going to rocket to £70,000 in the next five years, for example.
This kind of massive surge in price is usually only reserved for certain brands and the right kind of cars from those manufacturers. You’ll need to head to high-end stuff from the likes of Maserati, Bentley, Aston Martin and Jaguar in order to make a serious profit. For example, a 1974 Jaguar E Type Series 3 V12 Roadster going for £165,000 is almost certain to make a profit on the amount invested.
It’s fairly simple logic that buying cars that had a limited production run will eventually pay off. Take the 1957 Ferrari 250 GT 14-Louver Berlinetta, for example. With just eight examples left on the road (out of nine built) one sold for more than £5.6 million when it was auctioned in August last year. Look out for limited edition versions of cars, too.
Some cars just happen to have a fantastic story attached to them. For instance, the Aston Martin DB5 will forever associated with James Bond and the Mini Cooper S with The Italian Job (and Michael Caine, maybe) – links with film and TV are likely to push the value up even higher. But it’s not just the silver screen that helps. A car used in motorsport is also likely to get a high price at auction - in 2013, the Swiss Grand Prix winning 1954 Mercedes-Benz W196R Formula One racing single seater hit a record breaking £19,601,500. A little history can definitely go a long, long way!
With any investment, there are risks but by looking out for these pointers, you could be on the road to a healthy profit on your investment. Cashing in on the right brand, keeping an eye out on limited editions of popular cars and getting to grips with a potentially illustrious history can help you make the right investment.
How do you spot that future classic? Some cars may look ordinary to you today, but wait a few years and they could be making you thousands of pounds, if you can bear to let them go.
With classic cars the right models(ranging from iconic or rare cars, to everyday classics like Morris Minors), have been increasing in value for a while now but you do need to be a little wary about what you’re choosing. Consider how much it may cost to maintain, (much like Lego you kind of get the feel you need to keep them in the box) and do your research to see which models will see a return on investment in years to come.
If you’re passionate about classic cars but worried about reliability, it’s worth looking at future classics which may be more dependable and starting to appreciate in value. Though these cars haven't hit iconic status yet, there are several reasons why they might be an ideal investment.
They are more affordable now than the current classics because they haven’t yet had that spike in popularity
They are usually modern enough that you can still use and maintain them with more easy than older vehicles
If you wait long enough and keep an eye on trends, the return on your initial investment stands to be pretty juicy
Advertised car prices are a good as a means of determining price trends month on month and year on year. Patina’s Price Trends page, explains the how what and when of how they collect and analyse their data. The team at Patina are more than helpful too; if you don’t think the results seem right, you can speak with one of their panel of experts directly to determine the information you need.
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