Classic car insurance market in the United Kingdom to grow 3.2% CAGR between 2014-19
Classic Car Insurance in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-28 16:19:02
The Classic Car Insurance industry generates revenue from two main sources: premium income and investment income. However, premium income accounts for bulk of revenue and is estimated to account for 82.8% of industry revenue in 2013-14. There are many different types of classic car insurance policies, including comprehensive cover, laid-up cover, and third party, fire and theft cover. The level of risk and the premium prices vary considerably, depending on the type of policy.
The industry has faced challenging conditions over the past five years. Consumers´ confidence and real disposable income declined sharply at the start of the period and remained weak for the rest of the five-year period.
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