Ageas Insurance Limited, a classic vehicle underwriter in the UK has unveiled the top ten classic cars covered through Optima Classic Car.
Ageas Insurance Limited, a classic vehicle underwriter in the UK has unveiled the top ten classic cars covered through Optima Classic Car, its specialist policy for owners of cherished vehicles. Nine out of ten of the cars on the list are British made with the MG B in the number 1 spot.
Graham Ellis, Niche/Schemes Underwriter, Personal Motor at Ageas UK said: “For many, owning a classic car is a dream, but it can also be surprisingly attainable. When we look at the top vehicles we cover under our Optima Classic Car policy, what really stands out for us is the British made cars, manufactured before the UK motor industry got into dire straits, that are still so cherished. In fact nine out of ten of the cars we insure the most are British made. Admittedly, we aren’t talking peanuts to get one of these greats, we tend to be talking four or five figures but what’s great is the appreciation in classic car values over the past few years.”
Topping the list are the MG B and MG Midget, with the MG B GT at sixth place. These iconic sports cars are proving popular, due to the availability of spare parts and the fact you can buy a whole body shell, repressed from the original. With its massive cult following, the Land Rover 88 also comes high on the list of the classics Ageas insures the most across the UK.
Triumphs – the Stag, Stag Auto and Spitfire - feature at third, seventh and tenth on the list. The Stag as a four seater can be a little more practical than some classic sports cars and has a big following with prices at around £15,000 for one in mint condition.
Then a real 1960s classic is at eight position, the Jaguar E-Type, dubbed by Enzo Ferrari as “the most beautiful car ever made”. Leading up the rear and in huge contrast to the E-Type is the much-loved Morris or ‘Moggy’ Minor in ninth place.
Aside from these home-grown beauties, it’s no surprise to find a Porsche on the list – the 944 LUX. For many, the Porsche is the ultimate dream machine and the 944 Lux is a comparatively affordable and more reliable option than some other models.
Graham Ellis concludes: “Anyone considering becoming a classic car owner, should talk to a specialist insurance broker and look for cover that includes features such as toolbox cover, cover for restoration, Agreed Value and limited mileage – all features of Optima Classic Car from Ageas.”
Top Classic Cars covered by Ageas Optima Classic Car Insurance in 2014
1. MG B
2. MG Midget
3. Triumph Stag
4. Land Rover 88
5. Porsche 944 Lux
6. MG B GT
7. Triumph Stag Auto
8. Jaguar E-Type
9. Morris Minor
10. Triumph Spitfire