When you are shopping for car insurance, you want to be assured that you have chosen the best car insurance company. In this article, I am going to give you a few things to look for, and help you make the best decision. (more…)
Are you the proud owner of an incredible classic or antique car? If so, then it is very important for you to have collector car insurance.
As a collector of cars, you well know the huge investment it takes to bring these beauties back to life. Because you put so much loving tender care along with a lot of money, you want to make sure you have the proper protection.
You can go through your local agent, as most commercial insurance agencies carry some type of collector car insurance, but only for up to a certain amount. If you have something of really great value, you want to go through an independent insurance company that specializes in collector car insurance.
I myself, having researched collector car insurance, feel that you get the best coverage with a company who specializes in vintage and collector vehicles. They will have far more attractive terms and conditions than a commercial insurance company can offer. You will also find that the rates may be less, but you will have stricter guidelines to obtain these rates.
You don’t see many vintage cars on the road, I typically see them on a Saturday when they are coming from a car show or out for a Sunday drive. When dealing with a “collector car” insurance company, you will dealing with someone who understands the value of your car, the value of all the work you have put into your classic.
They realize that a lot of money and labor has gone into that vehicle and needs to be appraised for its updated value. You don’t want to be driving a classic 1967 Ford Mustang, and then find out it is insured as an old used mustang, rusted, barely running, maybe worth a hundred bucks. You want your car to be insured for the vintage collector value. They have ways of appraising, and determining your rate upon your usage and storage.
Because they do have better rates than a commercial insurance company, there are many restrictions placed upon the use of your vehicle. They will want to know your details on storage, these cars need to be garaged at all times when not driven. You are typically allowed to drive your car a couple thousand miles a year, and document the miles driven.
As you look into these collector car insurance agencies, you will want to find out all the requirements, as they vary for different vehicles. They have certain restrictions for the newer cars, such as expensive sports and exotic cars. These high priced vehicles are typically shunned by the average commercial insurance company, and this type of insurance is typically very expensive.
But when it comes to your beautiful street rod or muscle car, you will be getting the best insurance for your money and the confidence in knowing that your vehicle is insured for its true value. You won’t be insuring according to the Kelly Blue Book, you will be including every detail you have put into that car, the leather trim, the wheels, hood ornament, etc…
You have a car you treasure as much as life itself? Then you need to be sure to have the best collector car insurance available. Do your homework, make comparisons, check the restrictions, and then breathe easy knowing your baby is well protected.
