Classic Cars Auto Insurance

Do you like to collect classic cars? A 69’ fully restored Chevy camero? A mustang? For some people, it’s their hobby, though it can be a very expensive one. A classic car can’t have just any old insurance on it; it needs a certain type of insurance that will protect your vintage car.

First thing you must do in order to protect that shiny baby is to call your insurance company and inquire about their classic car insurance policy. However, if your company doesn’t specialize in that type of insurance you need to ask them to recommend a company that will. The company that provides the specialized policy will help you determine exactly how much coverage you will need to keep your prize possession safe. The main reason it’s better to use an insurance company that provides a specialized policy is because that this type of insurance has many different plans regarding mileage.

Basically, it means the plan you choose all depends on how many miles you’ll drive the car in a year’s time. Most plans include rates for one thousand, three thousand, or even five thousand miles. This also includes the mileage used to showcase your car. In addition, vintage car insurance will insurance all kinds of classic cars which is very helpful because most collectors have a wide variety of vintage cars. Also, to help you decide if this kind of insurance is for you take a look at your cars and if any of them fall under the category of antiques, race autos, street rods, or replicas of vintages, you most definitely need the classic cars auto mobile insurance.

When comparing insurance companies you also need to consider what the actual market value of your prized. The value of a vintage car changes frequently so the insurance policy you have on the car should match the car’s value. For example a vintage 67’ car may have cost $35,000 a few years back, but once it’s fully restored it can be worth at least $200,000 or more at an auction; which is why you need to make sure that the car insurance policy reflects your car’s worth.

If something happens to your prize possession you want to be paid actual value for the car and not what you paid for it before you restored it. In addition, you should make sure that your classic car insurance policy covers any damage that may occur to your car while you’re showing it at a car show. So at the end of the day, traditional policies may be great at helping you get your daily car covered and back on the road if something were to happen to it. But on the other hand, they’re not always best at helping to assist you in protecting your car in some of the unique issues that may arise when parts are impossible to find or the vehicle represents a substantial financial investment. Lastly, if you want to keep you fully restored car safe and in mint condition, classic cars insurance is for you!!!