Classic Car Insurance in the UK - IBISWorld Industry Market Research

Classic Car Insurance in the UK

Classic Car Insurance in the UK - IBISWorld Industry Market Research
Classic Car Insurance in the UK
Published Aug 01, 2013
28 pages — Published Aug 01, 2013
Price US$ 880.00  |  Buy this Report Now

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The Classic Car Insurance industry generates revenue from two main sources: premium income and investment income. However, premium income accounts for bulk of revenue and is estimated to account for 82.8% of industry revenue in 2013-14. There are many different types of classic car insurance policies, including comprehensive cover, laid-up cover, and third party, fire and theft cover. The level of risk and the premium prices vary considerably, depending on the type of policy.

The industry has faced challenging conditions over the past five years.

Industry participants underwrite (i.e. assumes the risk for and assign premiums to) classic car insurance policies. According to HMRC, any car that is over 15 years old and has a market value of at least £15,000 is a classic car, but insurers can vary in their definition. The level of risk assumed and the cost of an insurance premium vary according to the type of insurance policy being underwritten.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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IBISWorld Industry Market Research. "Classic Car Insurance in the UK" Aug 01, 2013. Alacra Store. Oct 22, 2016. <>
IBISWorld Industry Market Research. (2013). Classic Car Insurance in the UK Aug 01, 2013. New York, NY: Alacra Store. Retrieved Oct 22, 2016 from <>
US$ 880.00
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