What Do You Need To Know About Collector Car Insurance?
Now that we are well into the 21st Century collector car insurance
has become big business. In fact there are an estimated 7 million
collector cars in the United States and all of them need insurance!
The market for collector car insurance in
the US is estimated at a whopping $400 million in insurance premiums.
This is actually really good news for consumers because with such
a lot of money at stake the auto insurance companies are increasingly coming up with innovative collector car
insurance policies. Competition in the insurance market also means
that the insurance companies are having to work harder to earn your
business, and that means lower premiums.
USA Today have also reported that the market
for collecting cars is set to expand further, as consumers increasingly
realise that classic cars are fun to drive, own and can also make
great investments! Naturally, as with any investment it needs to
be protected, and that is where collector car insurance comes in.
So, whatever type of classic vehicle you
drive; be it a street rod, custom, muscle car, vintage motorcycle
or something even more uniquely you! You can rest assured that there
will be a comprehensive classic car insurance policy to suit your
There is no reason not to have your Chevrolet Chevelle or Ford Mustang properly protected!
The reason that it is worth getting specialist
collector car insurance, as opposed to ordinary auto insurance are
many. Firstly, you will get an agreed value for your pride and joy,
which you would not get otherwise. Secondly, you can choose your
own repair shop to carry out any maintenance or repairs that need
doing. Which, considering the amount of time and effort you will
have already invested into getting everything 'just right' is crucial.
Do you want your insurance company to decide who to work on your
car? Thirdly, the premiums are likely to be far more affordable
then you might think.