Classic MG Insurance

Owning a classic MG is more than just having a beautiful car; it's an investment in a timeless treasure. As a proud owner of a classic MG, you understand the importance of preserving its value and ensuring its long-lasting beauty. One crucial aspect of owning a classic vehicle is obtaining the right insurance coverage.

Introduction to Classic MG insurance

Classic MG insurance is good for safeguarding your investment. Not only does it provide financial security in the event of an accident or theft, but it also offers peace of mind knowing your vehicle is well protected.

Unlike standard car insurance, classic MG insurance takes into consideration the unique characteristics of classic cars, including their:

  • Limited use
  • Higher values
  • Specialised repair needs

Classic MG insurance providers often have a passion for classic vehicles, giving them a better understanding of the specific needs and requirements of classic MG owners.

By acquiring proper classic MG insurance, you can focus on enjoying your beautiful vehicle without worrying about the potential financial consequences of an accident, theft, or other unforeseen circumstances.

Why get a MG Insurance quote from Lancaster?

Specialists in arranging MG insurance since 1984.

The knowledge and experience we have gained over the past three decades has enabled us to provide owners of MG’s with insurance which is individually tailored to meet their needs.

Compare our MG insurance quotes and benefits and see why so many owners choose the MGOC insurance scheme.

  • Low Mileage Discounts
  • Free European Cover
  • Agreed Valuation
  • Car Club Member Discounts
  • Salvage Retention
  • Free EU cover up to 90 days
  • Two Year Agreed Valuation available for £18
  • 24 Hour Claims Helpline
  • Laid Up Cover Available
  • Static Show Cover
  • Historic Rally Cover
  • Choice of repairer

You can also choose from a range of optional add-ons and extras including:

  • Breakdown cover: Don't get stranded in your classic. Add breakdown cover and we'll get you back on the road, whether you're in the UK or abroad.
  • Legal protection: We can help towards the cost of legal fees to recover uninsured losses following a non-fault claim.

As an optional extra to your cover, you may also consider:

  • Agreed value: Protect yourself from market fluctuations. Our valuation expert will work with you to agree your car's worth, which we guarantee in the event of a total loss claim. Two-year agreed valuation costs a total of £18.

Protect your timeless treasure with the right Insurance policy

As a proud owner of a classic MG, protecting your investment and ensuring its long-lasting beauty is essential. By obtaining the right classic MG insurance cover, you can rest assured that your timeless treasure is well protected from unforeseen circumstances.

Review your policy regularly and maintain proper maintenance to ensure adequate coverage for your classic MG.

To get a quote for classic MG insurance or to receive a quote for any of our other insurance products, you can do this through our website by clicking here. If you would like to talk to one of our insurance team, you can give us a call on 01480 484 826 to receive more information.

Key Facts

  • MG (Morris Garages) was founded by Cecil Kimber in 1924
  • Earliest model the MG 14/28 which dates to 1925 and the first one was called 'Old No 1'
  • Some of the most famous models are the MGB, MG Midget, MGA and MGF

We can insure a huge range of different MG classic car models due to our knowledge and experience we have gained through insuring classic cars over the years.

Some of the most popular models include the following:

  • MG B
  • MG A
  • MG Midget
  • MGB GT V8
  • MG RV8
  • MG F
  • MG TF

While it is a common misconception that classic MG insurance is more expensive than standard auto insurance, this is not always the case. Due to the nature of classic car insurance policies and the limited use of classic vehicles, classic MG insurance can often be more affordable than standard car insurance.

To determine the value of your classic MGs, consult with an appraiser who specialises in classic vehicles. They will evaluate the condition, rarity, and historical significance of your vehicle to provide an accurate valuation. This information can be used when obtaining agreed value or stated value insurance coverage.

Most classic car insurance policies are designed for vehicles that are driven infrequently or exclusively for special events and exhibitions. If you plan to use your classic MG as a daily driver, be sure to discuss this with your Lancaster Insurance to ensure you receive the appropriate cover.

It couldn’t be easier. Simply complete the online form with your personal details, plus all the information you know about the vehicle, such as estimated value annual mileage, what you will using the car for, details of any accidents and convictions within the last five years.

If you have the registration number to hand be sure to input it, if not you can fill in the make and model of your car.

You can also choose whether you wish to insure your car for fully comprehensive or third party, fire and theft cover.

You can then customise your quote further by amending your voluntary excess and if you prefer to pay monthly or annually for your MG vehicle.

You also have the quick quote option and one of our customer service operators will call you back at a convenient time for you and take your details to get the best price for you.

Or you can call us direct on 01480 484826 and we will be happy to take your call and discuss the options with you.

Protecting your investment

Classic MG vehicles are more than just cars; they are investments that often appreciate in value over time.

In contrast to standard vehicles, which typically depreciate over the years, classic cars can become more valuable as they age. This appreciation is due to their rarity, craftsmanship, and historical significance.

Specialised cover

Classic MG insurance offers specialised coverage not available with standard auto insurance policies. These policies are designed to address the unique needs of classic car owners, including:

  • 2 year agreed value cover for £18
  • Limited mileage discounts
  • Specialised repair options

Agreed value cover ensures that you and your insurer agree upon the value of your classic MG at the time of policy begins. In case of a total loss, you will receive the agreed-upon amount, rather than the actual cash value, which can be significantly lower.

Peace of Mind

Owning a classic MG is a source of pride and joy, but it can also bring about concerns regarding its safety and protection. Classic MG insurance provides peace of mind, knowing that your timeless treasure is well protected from unforeseen circumstances.

With the right coverage in place, you can relax and enjoy your classic MG without worrying about potential financial losses.

Agreed value policies

As mentioned earlier, agreed value policies are a popular choice for classic MG owners. These policies allow you and your insurer to agree upon the value of your vehicle at the start of the policy term. In the event of a total loss, you will receive the agreed-upon amount.

Vehicle usage

When selecting classic MG insurance, it is important to consider how you plan to use your vehicle. Many classic car insurance policies offer limited mileage discounts for vehicles driven infrequently or exclusively for exhibitions and car shows.

Be sure to discuss your planned usage with your insurance provider to ensure you receive the most appropriate coverage.

Vehicle modifications

If your classic MG has been modified or restored, it is crucial to disclose these alterations to your insurance provider. Modifications can impact the value of your vehicle and may require additional coverage.

Storage and security

The way you store and secure your classic MG can have a significant impact on your insurance premium.

  • Proper storage, such as a secure garage, can help lower your premium.
  • Installing security devices, such as an alarm system, can further reduce your insurance costs.

Limit Mileage

Many classic MG insurance providers offer discounts for vehicles driven infrequently or only for special occasions. By limiting your mileage, you may qualify for a lower premium.

Invest in Storage and Security

Properly storing and securing your classic MG can lead to lower insurance premiums. Consider investing in a secure garage and installing security devices, such as an alarm system.

Maintain a Good Driving Record

Maintaining a clean driving record can help you secure lower insurance rates. Drive safely and responsibly to avoid accidents and traffic violations that could negatively impact your premium.

Proper maintenance is essential for preserving the value and beauty of your classic MG. Regularly inspect your vehicle for signs of wear, and address any issues promptly to prevent further damage. Additionally, keep detailed records of all maintenance and repairs performed on your classic MG, as this can be valuable information for insurance purposes.

It is also important to store your classic MG in a secure location, such as a locked garage, when not in use. This can help prevent theft and damage from weather and other external factors.

Finally, be sure to review your classic MG insurance policy regularly to ensure it still meets your needs and provides adequate coverage for any modifications or changes made to your vehicle.