| If you have a vintage car then it probably cost you a | | | | much as you do. Providing you are twenty five or |
| lot of money. Most people who buy vintage or classic | | | | older it should be easy to find insurance for your |
| cars do so not only because they like them, but | | | | vintage car as insurance companies will look on you |
| because they see the vehicle as an investment. Once | | | | as less of an insurance risk than a younger driver. |
| you have spent thousands, if not hundreds of | | | | When you insure a car, insurers will want to assess |
| thousands of thousands of dollars on a vintage car, | | | | both your security and your driving skills before they |
| you need to be sure that you have the right kind of | | | | will allow you to take out a speciality premium. You |
| insurance policy. | | | | should have a car that is old enough to be considered |
| When you are shopping for car insurance you'll find | | | | a vintage vehicle and this standard will depend on the |
| that the type of insurance you need will be different | | | | company that you buy your insurance from. |
| to that for ordinary cars. Once you start looking you | | | | Some insurance companies will only give vintage |
| should try and find an insurance company that | | | | status to cars that are nineteen seventies vintage or |
| specializes in insuring vintage cars. Vintage cars | | | | older. You should know that policies will differ |
| require specialist coverage. The type of coverage | | | | depending on the age of your car. Another thing that |
| you will need will depend very much on how your car | | | | insurers will take into consideration is whether you |
| is used. You will need a different kind of premium if | | | | have an insurance policy of an ordinary car before |
| the car is only driven to specialist shows and | | | | they grant you a special policy. |
| exhibitions, than you would if you drove your vintage | | | | If you do tend to drive a vintage car on a daily basis |
| car like a regular vehicle. | | | | then insurance companies may regard that car as too |
| Providing you take the time to look for the right kind | | | | much of a risk, as the more a car is driven the |
| of policy for your car, then it is possible to save | | | | sooner it is likely to deteriorate and decrease in value. |
| money on car insurance. You should not insure a | | | | Insurance companies offer special premiums based on |
| classic or vintage car under a standard insurance | | | | the actual cash value (ACV) of your car, the stated |
| policy. If you have bought your car as an investment | | | | value (SV) and the agreed value (AV) of the vehicle. |
| piece then you don't want to be driving it around in | | | | When you give the insurance company a value for |
| the same way that you would an ordinary car. | | | | your car they will pay it but they cannot insure you |
| There are guidelines for insuring different types of | | | | for the stated value. Most vintage car owners get |
| vehicles and you should be familiar with these before | | | | their insurance on the basis of an agreed value of the |
| you insure your car. If you want an insurer to give | | | | car. This means that they will agree with you a value |
| you a good quote for your vintage car then you | | | | for your car and take into consideration your |
| need to have been driving for at least five years as | | | | investment and any maintenance, and then they will |
| insurance companies want to protect your asset as | | | | give you a policy for that value. |