An industry figure has claimed running classic cars which are over 20 years old can save motorists money on car insurance.

Martin Mosley of Carparts-direct.co.uk believes insurance, depreciation and running costs are significantly lower and claims those whose cars are older need only insure them third-party.

He added that limiting the number of miles travelled can drive insurance premiums down by a substantial amount.

Mr Moseley stated the money people can save makes the choice one worth considering.

"Lots of our customers will buy an older car, paying around £1,000, spend a few hundred pounds on it and run it on a low budget. Tax, insurance, servicing and fuel can be less than one year's depreciation on a brand new car," he said.

Those who enjoy taking their classic vehicle out find it is the most practical and inexpensive way to drive.

Carparts-direct.co.uk was formed 25 years ago and offers items such as alternators, brake callipers and coil springs.

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