Porsche 996 Classic Car Insurance

How does classic car insurance compare to normal car insurance? Will my insurance quotes differ?

Let’s take a moment to provide you with a car insurance overview, so you can make an informed decision about what form of car insurance policy will be best for you. 

An insurance policy for classic cars is deliberately designed to protect a certain type of vehicle, with different characteristics and usage patterns from a normal car.

For instance, as defined by insurance providers, a ‘classic car’ typically won’t be an owner’s only car – or may not be their ‘daily driver’, at least.

Owners may notch up a relatively low annual mileage in these vehicles, which may also be stored away from the public highway – for example, on a drive or in a garage. 

These cars are well looked after and subject to relatively little wear and tear, and this is typically reflected in lower classic car insurance premiums.

A classic car owner will usually take greater care of their cars and the way they drive them, and insurers – including us here at Lancaster – believe that this should be reflected in the price you pay for your annual insurance policy. 

Classic car insurance also brings certain benefits, too.

At Lancaster, these are some of the benefits we are pleased to add to our insurance packages:

• Limited Mileage Discounts. If you do cover relatively limited miles in your Porsche (or other classic car), we may be able to reflect this with a discount on your annual insurance cover.

• Two Year Agreed Valuation. Modern cars, being so familiar and still available in large numbers, are fairly easy to value – and thus to find an accurate insurance figure for. An insurer will have a clear idea of that car’s market value, and therefore of how much it will cost to replace. Armed with this information, they can make an accurate calculation and deliver a suitablequote to insure the vehicle. 

With classic cars, however, the situation is slightly different. Demand for particular models can fluctuate, particularly if collectors suddenly develop an interest in a particular model.

As a result, classic car owners could risk finding themselves with a quote for insurance that doesn’t match the value of their car.

Here at Lancaster, we can remove this uncertainty with our Agreed Valuation.

This is a valuation for your car, agreed upon by both you and us, the insurance providers.

As its name suggests, the Valuation is binding for two years, at which point the car is revalued. 

Having agreed valuation in place means that if your classic car is stolen or written off, the true value will be covered minus any applicable excesses.

There’s more information on the Agreed Valuation on the relevant page of the Lancaster Insurance Services website. 

You may want to consider joining an owner's club for support and advise on your classic, as well as a range of other benefits.

What is an owners’ club? Quite simply, a group of people who all own and love the same make and/or model of car.

These groups get together to show off their classic cars to each other at meets, shows and drives; they also typically have a lively online presence where members can ask each other technical questions about their car, and seek advice on finding an elusive part or restorer. 

In short, joining the UK owners’ club for your particular car or marque is a great idea on so many levels.

One other major advantage is that many owners’ clubs have relationships with specific insurance providers that give members discounts on their annual insurance policy. 

If you’re a 996 owner, check out the Porsche Club of Great Britain.

How do I get a quote for car insurance cover?

If you’d like to find out more about arranging insurance for your Porsche 996, or other classic car, it really could not be easier. You can fill in the form on our website to get a quote, including your personal details as well as all the information you can supply about your car.

Information that will help us to give you an accurate quote include an estimated annual mileage, details on how the car is typically used, plus any accidents and convictions within the last five years.

If you have your car registration number to hand, this will also help to speed the process along. The more details you can provide, the more straightforward it will be to get your car insured.

At this point you can also specify whether you need a comprehensive insurance policy for your car, or you would prefer third party, fire and theft cover.

You can also amend your voluntary excess, and choose your payments schedule (annual or monthly). 

You also have the option to request a call back, where one of our operators will aim to call you back at the time you have requested to discuss your requirements.

Or, if you want to speak to us straight away, you can call us on 01480 484826 and one of our team members will be only too happy to discuss your various insurance options. 

What other cars does Lancaster provide cover for?

We provide insurance for a wide range of classic cars. We have been in the insurance business for almost 40 years now – in fact, we started life as the insurance division of the MG Owners’ Club.

Porsche owners will be pleased to know that insuring sports cars has been in our DNA since the very beginning!

We like to think of ourselves as the insurance broker of choice for classic car owners.

How have we come to be such major players on the classic car insurance landscape? Simply, because we always strive to find the best price for each driver’s particular cover needs.

We know how important it is to classic car owners to get the cover they require, at a price that seems fair to them.

We’re also very proud of the various benefits that our insurance features.

We listed some of these above, but you can find a full list on the insurance page of our website. 

If you’re a fan of German cars in particular, you’ll be pleased to know that we have arranged insurance cover for a range of classic cars from BMW, Mercedes and Audi as well as Porsche. 

Indeed, a car like the E30 BMW 3 Series is such a recognised classic that we’ve written an entire buyers’ guide for the model, sharing tips on what to look out for in a used E30.

Over on the Mercedes side, the legendarily bulletproof W123 saloon – the precursor of today’s E-Class – is another car for which we are often asked to arrange an insurance policy. 

We’re also proud to insure a very wide range of British classics

If you’re a Porsche 996 owner or admirer, we imagine you like your sports cars, so you’ll be pleased to know that we regularly arrange insurance for some iconic British speedsters, from the Jaguar E-Type to the Triumph Spitfire.

Indeed, the latter car was a recent winner of the Pride of Ownership awards, sponsored by Lancaster Insurance Services and running as part of the NEC Classic Motor Show.

Porsche owners will be pleased to know, by the way, that one of the finalists for that year’s award was a Porsche 914 in Zambezi Green!

When it comes to rivals for the Porsche 996, two classic cars for which we have provided cover spring to mind.

On the one hand is the Honda NSX, a truly awesome feat of engineering and one of our favourite sports cars of the past few decades – we discussed it in more detail in this feature.

Another contemporary 996 rival was the great Jaguar XKR, which we picked out as a future classic not long ago.

Much like the 996, the XKR – especially a well-tended example – is now likely to be a prime candidate for specialist insurance for classic cars.

We hope this has been useful in explaining how, even now, your Porsche 996 may well be eligible for classic car insurance – and in revealing the various benefits that this specialist form of insurance can offer.

If this sounds like the type of insurance you need, why not contact us for a quote?