Collector Car Insurance Requirements 2026

'Agreed value' coverage guarantees that you will receive the appraised value of your car in the event of a total Loss, regardless of depreciation. This is important because the Market Value of collector cars can fluctuate, and standard insurance policies may not adequately cover their true worth.

Insurers often require proof of secure storage, such as a locked garage or climate-controlled facility, to mitigate the risk of theft or damage. Some policies may also require additional security measures, such as alarms or immobilizers.

The Financial Conduct Authority (FCA) regulates the Insurance Industry in England to ensure fair practices and consumer protection. This includes transparency in policy terms, adequate claims handling procedures, and financial solvency.

Brexit could have implications for cross-border insurance arrangements and the availability of spare parts. It is important to stay informed about any regulatory changes that may arise as a result of Brexit.