| A very popular misconception regarding the | | | | than $300 a year in most regions. |
| ownership of Hot Rods, Rat Rods and other Classic | | | | Normal car policies do not recognize "collector" values |
| Cars regards the availability of adequate affordable | | | | and will only cover the owners vehicle at actual cash |
| insurance. In reality, there are a number of companies | | | | value-this translates to actual cash value minus |
| who gladly offer hot rod insurance, or classic car | | | | depreciation. On the other hand, companies offering |
| insurance. | | | | policies for hot rods and classic cars will insure a |
| The fact of the matter is most policies for these | | | | vehicle based on an "agreed value". In the event of a |
| vehicles end up costing the owner much less than a | | | | total loss, the amount of the payout is guaranteed. |
| standard automobile policy. The difference lies in the | | | | This translates into a no haggle relationship with your |
| amount of use of the vehicle. If you are driving your | | | | friendly insurance adjuster and fewer headaches. |
| rat rod on weekends only, and not as a daily | | | | There are a number of insurance companies who |
| commuting vehicle, you pose a smaller risk. Also, | | | | specialize in Hot Rod Insurance . Just do a web |
| owners with carefully restored hot rods and other | | | | search and you will easily find some who may do |
| classic cars are thought to use these vehicles more | | | | business in your state, Otherwise, check with your |
| "gently" as well as keeping the vehicle garage stored. | | | | local insurance agent for more information. Now go |
| Generally, a classic car insurance policy can be as less | | | | out there and have some fun, just drive safely. |