With the car industry struggling globally, and UK manufacturers cutting back in their production plants, the impact is resounding across many smaller businesses that rely on the associated anciliary work and helping to fuel the current increase in unemployement.
Even so, whilst sales in new cars has fallen dramatically, some may be surprised that the second hand market is experiencing a bit if a renaissance.
Prices for second hand motors have been dropping steadily, more or less in line with falling house prices ,which has not gone unnoticed by car insurance providers.
Whenever you watch a TV channel which is permitted to advertise, you will see one of the comparison websites maketing their products.
In response, direct car insurance companies appear to have stepped up their marketing activity to ensure they maintain their market share.
Some motor insurance markets however seem to continue ot be able to sustain growth; one of them being that of the Classic Car.
With cars as young as 10 years old now qualifying for classic car insurance rates, providing the mileage is limited, it is certainly worth having a look at some of these insurance providers when your car insurance policy comes up for renewal.
Classic car insurance policies often provide improved cover against a standard car insurance policy because they calculate price on the actual vehicle and against an agreed valuation, rather than the market rates.
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