| There are various different types of classic vehicles. | | | | often thought to be expensive, custom car insurance |
| Automobiles manufactured up to 1904 are considered | | | | is a requirement, even for those who don't plan on |
| "veteran cars," while the Edwardian era spans from | | | | using them on public roads, as, for one thing, repairs |
| 1905 up to 1918, and the Vintage period lasts from | | | | and maintenance can be extremely expensive, |
| 1919-1930. For the most part, cars are usually | | | | meaning that any help from insurance can make the |
| considered to be "classics" if they were | | | | difference between owning a classic car, and losing |
| manufactured at least prior to 1974, but cars made | | | | one and get several quotes for insurance for classic |
| even somewhat recently can be thought of as | | | | cars |
| "classics" if they are very rare or collectible. | | | | There are a number of issues involved in classic |
| Many classic car owners think that insurance from a | | | | automobile insurance. Chief among these is the |
| specialist in classic car insurance will be especially | | | | valuation of the car. Policies can be sold based around |
| costly, but this isn't always a correct assumption. | | | | the actual cash value of the car, meaning that a |
| Providers that specialize in classic cars will be sure to | | | | depreciated book value will be paid out by the insurer |
| know about the issues that matter to classic car | | | | in the event of a claim; then there is the "stated |
| owners, meaning that, in the end, classic car owners | | | | value" policy, which may also depreciate, but is |
| can actually significantly reduce their insurance costs, | | | | dependent upon the owner's valuation of the car; or, |
| and end up with a much more appropriate policy, | | | | there's the "agreed value" sort of policy, which does |
| from a provider that understands classic car | | | | not necessarily depreciate, and is dependent upon an |
| insurance. | | | | agreement between owner and insurer. Other points |
| In most cases classic vehicles don't have any sort of | | | | to consider include: liability covering public events; |
| modern automotive safety features, and are thus | | | | coverage for possible damage from events and |
| prone to damage and potentially expensive to insure. | | | | classic car shows; whether or not the policy covers |
| They do not have basics such as seat belts, crumple | | | | damages during restoration; and movable premiums |
| zones, airbags, or any type of rollover protection, as | | | | taking into account mileage, which of course varies |
| most of these devices were mostly mandated in the | | | | greatly for classic cars from year to year. |
| time after the classic period. Despite the fact that it's | | | | |