Classic Cars are being used for investments

According to our friends over at specialist car insurance comparison website, there has been a large surge in demand for insurance of classic cars and requests for high performance car insurance. The statistics appear to show people are moving away from the stock market and buying tangible goods that should appreciate over time. Similar surges in high net worth physical investments have been noticed by antique insurance underwriters

you can read the full press release at
Specialist and Classic Car Insurance Demand Soars Despite The Recession

A surge in the number of enquires for both specialist high performance car insurance and classic car insurance cover has been steadily increasing since Mid November last year around the time of the banking crisis and subsequent stock market crash. It appears that many speculators are using luxury and classic cars in particular as investment vehicles.

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