Your Antique Car and Classic Car Insurance Options Explored  
 
 

Your Antique Car and Classic Car Insurance Options Explored

An antique, classic, or other collector car is a thing of beauty. Owners of these vehicles love them and want to take care of them, including protecting them with quality car insurance. However, no one wants to pay more than they have to for this kind of coverage. So, what are your options when you're looking for antique car and classic car insurance to cover your classic or antique vehicle?

What kind of auto insurance you choose for your car will depend on how you use it. Some people keep their collectible car in a garage most of the time and only bring it out on special occasions. Others like to get the most use they can out of their baby. If you drive your classic car every day, your best bet will be a conventional insurance plan. Specialty companies don't like to cover “daily drivers” because of the mileage that tends to be put on them. If, on the other hand, you only drive your classic or antique car once in a while, you might benefit from using a specialty insurance policy. These plans can be much cheaper than conventional insurance. Regular insurance is as much as five hundred percent more than a classic car insurance plan. If you're eligible for a specialty insurance benefit, you can put your money towards other things, like taking care of your car.

To be considered by a specialty company, you'll have to meet certain requirements. These vary, depending on the insurance provider. Some insurers require that you drive no more than 2500 miles a year in your classic car. Others don't restrict mileage. Some insurers want to make sure that your car is a certain age – usually 25 years or more. Other insurers will cover all collectible cars, regardless of age. These are usually the specialty insurance companies you want to talk to if you have a newer exotic or other special car. Exactly what your specialty auto insurance will cover, the terms of service, and the way claims are handled varies by insurer. You will have to ask each individual company about their specific methods of handling classic car insurance.

If your classic car is appropriate for specialty insurance, this kind of coverage is better suited to taking car of your car than regular insurance. Because most cars lose value as they age, you might not be properly recompensed for your classic car if the worst happens. Classic and antique car insurance takes this into account. Specialty insurers are aware that some cars actually increase in value with age, and will pay an agreed upon value in the instance of a claim. This way, you can make sure that your classic car is protected against every eventuality, and not have to worry if you will be able to get it repaired. Specialty insurance companies can work with you to keep your classic or antique car insured for less.



 

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