Classic Car Insurance Analyse the Effect of the CIE on their customers’ annual expenses

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In response to new research from the Post Office revealing a lack of awareness over the Continuous Insurance Enforcement policy, the team at Classic Car Insurance have issued a warning to owners of classic cars to comply with these rules.

In keeping with this dedication, the experts have taken the time to ensure their customers are aware of the changes and have analysed how this is likely to affect their annual outgoings.

In July 2011, a new ruling was introduced- Continuous Insurance Enforcement (CIE)- stating that it is an offence for any car, even if no longer driven not to be insured. All vehicles must be either registered with the DVLA as off the road by means of a Statutory Off Road Notice or covered with adequate insurance. However, one year later, research from the Post Office has shown that more than a fifth of drivers are still unaware of the change of rules. The new policy is likely to affect those with old vehicles laid up in garages, motor homes used for occasional holidays, or classic cars kept mainly for show.

The team at Classic Car Insurance are committed to maintaining an easy to use and informative price comparison site to allow users to compare the most suitable arrangements for their insurance. In keeping with this dedication, the experts have taken the time to ensure their customers are aware of the changes and have analysed how this is likely to affect their annual outgoings.

Whilst examining the new policy, the team have looked in detail into the proposed penalties. Through their research they have discovered that owners do not have to be caught driving the vehicle in question in order to receive a fine. The Managing Director at Classic Car Insurance explains the implications of being caught out by the new rule change.

“The new data revealed regarding awareness of the CIE is worrying, as anyone caught without insurance will face a fixed penalty notice of £100, their vehicle being clamped, seized or disposed of, or even a court prosecution and fine of up to £1,000. We’re encouraging our users to be aware of this and take action if necessary”.

However, the team at Classic Car Insurance have also suggested that drivers could eventually see a slight dip in insurance prices, as uninsured drivers cost the industry more than £500million a year which should in turn impact on annual cover costs.

Classic Car Insurance was established with an aim to allow customers to browse classic and vintage car insurance prices quickly and efficiently. The trusted and approved agency offers instant quotes, directly to the customer, from hundreds of companies across the country.

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Ben Austin
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