| Vehicles used for car shows or demonstration | | | | performed if a covered incident requires professional |
| purposes, which are considered to antiques or | | | | repairs. |
| collectable.They can be found low rates on collector | | | | Seeking The Most Coverage For Your Collector |
| auto insurance. Used by many people who restore | | | | Vehicle |
| older cars, many vehicles do not qualify for collector | | | | Many people spend years restoring an older vehicle |
| car insurance unless they are at least 20 years old | | | | to its original, showroom condition and want to make |
| and have been, or are in the process of being | | | | sure it is adequately covered. Since most vehicles are |
| restored to their original condition. | | | | kept in storage unless being taken to a show, the |
| Since the majority of these vehicles are only used on | | | | miles driven is usually low. Many times the vehicles |
| an occasional basis, the rates for collector auto | | | | are transported on a trailer and the insurance on the |
| insurance are considerably lower than that for | | | | trailer and the hauling vehicle will be responsible for |
| vehicles used on a daily basis. Many companies that | | | | aby damages, and not the collector auto insurance. |
| offer collector car insurance also have restrictions on | | | | However, when a car is on display it is a potential |
| the use of the vehicle as well as the owner. For | | | | target for vandals and accidental damages. These |
| example, in order to obtain coverage for a collector | | | | types of incident are typically included in collector car |
| vehicle, the owner must have another regular use | | | | insurance, and with most companies, if the collector |
| vehicle with insurance for daily use in the name of | | | | buys another collector vehicle it is automatically |
| the collector car owner. | | | | covered up to a pre-determined value for a few |
| They may also be required to be stored in an | | | | days, until the owner and the collector auto insurance |
| enclosed, secure facility to qualify for collector auto | | | | company agree to the vehicle's value. |
| insurance. The value of the insurance is determined at | | | | Despite the high value of certain collector vehicles, |
| the time the coverage begins and most policies offer | | | | annual premiums are exceptionally low. For example in |
| no deductibles on collector car insurance, paying the | | | | most states, the cost to insure a 25-year-old |
| full amount of the agreed value in the event of a | | | | collector car will be slight over $100 per year, which is |
| total loss. Most will also allow the owner of the | | | | a bargain compared to the vehicles worth. |
| vehicle to determine where the work will be | | | | |