Stainless style

            The joy of building your own car is something which many dream of, but few actually pursue. One of the big advantages to building your own car is the money you save as your kit will be thousands of pounds cheaper than a prebuilt one from the manufacturers. However, one of the other perks to building a kit car is the reduced insurance you’ll be likely to receive, especially if the engine is smaller and you use it as a secondary vehicle to the main family vehicle, thus making the whole experience much more affordable.

            Many insurers will offer you a lower premium because they feel as you built the car yourself you’re more likely to take good care of it and less likely to take any risks.  Seeing as many kit cars, like the famous Caterham 7, are sports cars it’s a great help to the kit car owner that the companies think like this.

            There are many companies to choose from so making sure you get the right one is crucial as it can make a big difference to your bank account!  Search around for insurance on comparison websites as well as trawling the internet for lesser known brokers who might specialise in kit car insurance. You can take steps to make your car even cheaper to insure by making it more secure. Fitting an alarm is a good idea and a tracker will make it even more desirable to the brokers.  Put simply, the harder it is to steal the cheaper it is to insure and locking it away in a garage at night will save you a great deal on your premium.

            Some insurers will offer deal sweeteners with their policies – for example, Kwik Fit Insurance offer 10% discount at Kwik Fit repair centres when you take out a car insurance policy with them online.  Most insurers offer better deals when you take out multiple insurances with them (for example car and home) and when you sort it out online.

            Make sure also that your car is properly valued, some kit car builders use non-standard parts which make its value go up depending on the rarity and price of those parts. You’ll need to tell your broker if your car has any non-standard parts so getting it properly valued can save you money as the premium can increase with things like this. And remember mostly to just take your time when looking for insurance, don’t go for the first deal you see and remember to cover all the angles when getting your quote so you don’t end up paying more than you need to.