| If your purchase or restoration of a classic car has | | | | The stated value helps providers determine your |
| been a good investment, then you need to make | | | | premium. Stated value means that the insurance |
| sure you get the proper antique car insurance | | | | company will pay the lesser of: |
| coverage. All your shopping around and tinkering in | | | | The actual cash value or... |
| the garage shouldn't be done in vain. In order to | | | | The cost to repair the car, as long as the cost does |
| make your time and money worth something, you | | | | not exceed the stated value or |
| need to protect your investment. | | | | The stated amount |
| Keep in mind that when it comes to antique car | | | | The agreed value represents the actual cost of the |
| insurance, things are a little different than covering | | | | vehicle at the time the insurance policy is written. |
| your everyday vehicle. Here are basic guidelines for | | | | Agreed value means that the insurance company will |
| asking the right questions and picking the right type | | | | pay you the lesser of: |
| of coverage for your classic automobile. | | | | The agreed amount or... |
| Only Pay for What You Need | | | | The cost to repair the car, as long as the cost does |
| As a general rule, it's always best to speak personally | | | | not exceed the agreed value |
| with an insurance provider when shopping around for | | | | Unfortunately, many antique car insurance providers |
| coverage. Before you make a call, think about when | | | | are oblivious to the difference. Do your research and |
| you'll actually be driving your antique car. Are you | | | | gain the upper hand. In doing so, you will get the |
| using it daily? Do you only plan on driving it to car | | | | coverage you need should a claim arise. |
| shows? Once you've determined when you're going | | | | Seek Out Discounts |
| to use this vehicle, talk with your provider about | | | | Many antique car insurance providers offer a wide |
| placing limits on your coverage. This way, you're only | | | | array of insurance discounts. There are discounts for |
| paying for the coverage you need. | | | | everything nowadays. Many big name (and not-so big |
| Ask About Restrictions | | | | name) providers offer discounts to homeowners, |
| When seeking out antique auto insurance, ask the | | | | military, federal workers, and customers wanting to |
| provider if there are certain storing restrictions. Many | | | | sign up for multi-coverage package deals. The list |
| companies require that you lock your car in a garage | | | | goes on and on. It never hurts to ask about what |
| or trailer when not in use. Some providers also | | | | your auto insurance company can do for you. Don't |
| require that your vehicle not be left overnight in | | | | be shy, ask and you shall receive. |
| unattended parking lots or other unfamiliar parking | | | | Compare Antique Car Insurance Quotes Online |
| lots such as hotels, restaurants or shopping malls. | | | | Whatever paths you choose to follow when it |
| Stated Value vs. Agreed Value | | | | comes to your antique auto insurance, just make |
| Don't let an insurance company tell you that the | | | | sure you don't settle. Your classic car should have the |
| stated value and the agreed value are the same. | | | | best coverage possible for the best price possible. |
| They're not! When it comes to antique car insurance, | | | | Take time before making a choice. Doing so will help |
| knowing the difference between the two can be | | | | you protect your investment. |
| extremely beneficial. | | | | |