Do You Get No Claims Bonus on Classic Car Insurance?

16 May 2025

If you own a classic car, the cost of insurance can be one of the biggest hurdles you face. That’s why keeping costs down where you can is so important, which brings us to the all-important question - do you get no claims bonus on classic car insurance?

In this helpful guide, we will explore the concept of a no claims bonus, why classic car insurance policies are structured differently than standard car insurance and how Footman James can save you money in other ways.

What is a no claims bonus?

A no claims bonus (NCB) is a cost reduction that most standard car insurance providers will offer to drivers that haven’t made a claim within a certain period. It can be used to reduce your car insurance when you renew annually, as for every year you drive without a claim, you earn another year of discount.

If you renew your policy with a large number of years on your NCB, you could knock off a large amount of your premium. However, if you make a claim on your insurance, you might risk a reduction or resetting of your NCB, depending on your policy, whether you were at fault and if your no claims bonus was protected.

Can you earn a no claims bonus with classic car insurance?

Unlike standard car insurance, classic car insurance providers do not typically offer a no claims discount. This is because the premium for many classic car policies is calculated by looking at specialist factors rather than being adjusted year on year with a discount system.

While it sounds like classic car insurance might be more expensive than standard car insurance because of the lack of NCB, classic car insurers keep costs down by looking at different criteria.

For example, classic cars have a more limited mileage, are kept in secure storage, come with more experienced drivers and have more care given to them by owners. This means premiums can be lower than standard day-to-day cars. It also means insurers can keep costs lower without relying on a traditional NCB offer.

Does Footman James offer a no claims bonus on classic car policies?

While Footman James does not offer a traditional no claims bonus on classic car insurance or classic motorcycle insurance, we do provide value in premiums from the outset. To do this, we will look at your individual circumstances and the exact nature of your vehicle and usage, rather than your number of claims.

We offer discounts on our insurance based on how often you plan to drive your classic car and how you store it. What’s more, if you own more than one classic car, you can keep costs down by opting for our multi-vehicle policies, consolidating costs for better value.

By taking advantage of our tailored discounts, using safe storage solutions and keeping your mileage down, you can still enjoy classic car cover at a competitive rate. If you’d like to learn more about how Footman James can help you protect your classic car, get in touch with our team of experts today.

Classic car insurance from Footman James

With Footman James you can get a classic car insurance online quotation instantly for your classic Land Rover, Jaguar, Mini, VW and more. You can also add FJ+ options to your quote such as agreed value and breakdown cover.

Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.