| When it comes to vehicles, classic cars are absolutely | | | | the amount that will be paid by the insurance |
| at the top of the pyramid, with their amazing | | | | company. This is also the point where you will receive |
| features setting them far apart from the rest of the | | | | a quote for the monthly payment. Another thing that |
| crowd. Unfortunately, as is typical for anything that | | | | sets antique and classic car insurance apart from |
| attracts attention, classic cars tend to attract a | | | | traditional car insurance is the fact that antique and |
| decent share of thieves and vandals. Additionally, | | | | classic car insurance premiums are typically |
| because classic cars are rare and tend to be | | | | significantly smaller than what you will pay for |
| expensive, many large "major player" insurance | | | | traditional car insurance. However, not just anyone |
| companies and agents will not even offer insurance | | | | can acquire antique and classic car insurance, so |
| for them. But just because it can be mildly difficult to | | | | before applying you should make sure you qualify for |
| find the right kind of insurance for your classic car, | | | | all of the following criteria:o Many antique and classic |
| that does not mean that you can simply drive around | | | | car insurance policies require that you meet a specific |
| without any insurance. Many states require that your | | | | age limit. This is to insure that the driver(s) on the |
| vehicle be insured, and you can face serious fines if | | | | policy have adequate driving experience and are not |
| you are caught driving without adequate insurance | | | | in jeopardy of causing an accident. This makes it |
| coverage. | | | | difficult for young and new drivers to acquire |
| Finding the right kind of insurance for your classic car | | | | automobile insurance, even if they are driving an |
| is going to take a little bit of time, and a lot of | | | | antique or classic vehicle.o Many antique and classic |
| research. Even more research will be involved if you | | | | car insurance policies have also imposed a minimum |
| are set out to find the cheapest available antique and | | | | age limit for your vehicle, in order to determine |
| classic car insurance available. There are car insurance | | | | whether or not it can be considered an antique car. |
| companies out there which specialize in insurance | | | | The typical limit is fifteen years old, so if your vehicle |
| options for antique and classic cars. Additionally, there | | | | is less than fifteen years old you may have difficulty |
| are large automobile insurance companies which offer | | | | securing antique car insurance for it.o In order to |
| specialized insurance including antique and classic car | | | | qualify for classic car insurance, there are certain |
| insurance, but you will have to do a decent bit of | | | | limits on how your classic car can be used. For |
| searching in order to find them. A good place to start | | | | example, you must have a garage or some other |
| is with insurance companies like Hagerty, Leland west | | | | form of protective storage to park the vehicle in. |
| and Norwich Union which all specialize in antique and | | | | Additionally, you cannot use your classic car for any |
| classic car insurance. It is important that you weigh a | | | | business purposes. Finally, there is a limit on the |
| lot of different options, because the costs associated | | | | number of miles that you can put on your vehicle |
| with antique and classic car insurance can vary wildly | | | | every month or year. If you go over the mileage limit |
| depending on which automobile insurance provider | | | | you can but your vehicle in danger of losing its |
| you go with. It is also important that you determine | | | | protective insurance. Because of the imposed mileage |
| what each insurance company will value your classic | | | | limit, you must also be able to prove that you have |
| car at, in order to make sure that you are going to | | | | another vehicle which is used for normal driving. |
| be insured for the full value of your car. Traditional | | | | Antique and classic car insurance is by far the best |
| car insurance values the car at the cost to replace it, | | | | option if the vehicle that you are driving can be |
| minus any depreciation that it has experienced. This is | | | | considered a collectible. This form of insurance is |
| what sets antique and classic car insurance apart | | | | designed to protect cars that appreciate in value |
| from traditional car insurance. With antique and classic | | | | over time rather than depreciating. Most insurance |
| car insurance, the value of your vehicle is typically an | | | | companies will allow you to insure your classic car |
| agreement made between you and the insurance | | | | traditionally if you cannot find adequate antique car |
| provider. This way, you will not lose a serious | | | | insurance, but you should expect to pay more in |
| investment in the event that your vehicle is ever | | | | monthly premiums, and to receive significantly less in |
| totaled in an accident, or stolen and never recovered. | | | | a pay out settlement if your vehicle is ever totaled. |
| The absolute best option for you to pursue when it | | | | What this means is that if you are driving an antique |
| comes to automobile insurance for your classic car is | | | | or classic car, and specialized insurance is available to |
| called an agreed value policy. Before this type of | | | | you on a local level, you should absolutely take the |
| policy is purchased, you are required to sit down with | | | | offer in order to protect your vehicle inexpensively |
| an agent with the insurance company in order to | | | | without losing out on the serious investment that |
| come to a concrete agreement for the value of your | | | | went into your prized possession. |
| vehicle. If your vehicle is ever totaled or lost, this is | | | | |