Classic Car Insurance

Classic car insurance
Classic car insurance classic car insurance plan classic car insurance provider
Classic car insurance
Classic car insurance
classic car insurance plan

classic car insurance provider



Protecting Your Car with Classic Car Insurance

If you are a car lover and have spent the time and money to restore a classic vehicle, then you know the prospect of anything happening to your car is indeed very frightening. If you are just getting into classic cars, you may also be unaware that classic cars require a special classic car insurance plan that is more complicated than the regular insurance that covers your normal vehicles. Classic car insurance companies are all about managing risk, and if they invest in the health of your valuable classic car, they are going to want you to handle your car according to a set of stipulations that they draw up.

Classic cars are usually defined as any restored or original vehicle made in or before 1970. If a car was made as early as the 1930s, it may be considered an antique or "veteran" vehicle, with a correspondingly expensive classic car insurance plan. Classic car insurance policies for classic or veteran vehicles are more expensive than normal insurance policies, and usually come with a host of driving and storage restrictions.

A classic car insurance provider is going to judge you by the usual factors of age and driving history, but they are also going to look at a number of other factors. A classic car insurance provider will most likely want to place a cap on how many miles you can drive in a year. 5000 miles is a common limit to how many miles a classic car can be driven in a year. You can of course negotiate with an insurer on the number of miles that can be driven, but as your miles rise so does the premium of the classic car insurance plan. Have in mind your needs before you begin negotiations with a classic car insurance provider. If you plan on driving your classic car everywhere, then be prepared to pay a stiff premium, or perhaps even be refused coverage.

Although how much you drive the car is a very important consideration, how the car is stored is just as important to an insurance company. Don't expect a good rate if you plan on simply leaving the car in a parking lot overnight. Insurers have to worry about damage from inclement weather, theft, and any number of things that could happen to your car while it sits outside. A covered garage will considerably lower your premiums and may even be a requirement to be offered a classic car insurance plan. If this is the case, your insurer will only cover damages if the vehicle was properly stored. If you park the car in a hotel parking lot for one night and it is stolen or vandalized, you will not receive compensation.

When you sit down to negotiate a classic car insurance plan, be very careful when it comes to agreeing on the value of your vehicle. Unlike traditional insurance, it can often be difficult to come to an agreement on this point. A classic car is probably not going to have a convenient blue book value to refer to, and even if it did, you have most likely made enough modifications to render this value worthless. When you do come to some kind of agreement, be aware of the terminology that the classic car insurance provider uses.

A classic car insurance provider may choose to call your agreement a "stated value" or "agreed value", and these terms actually have different meanings. Make certain that you understand all the terms, and if you are unsure or have any questions, be sure to ask questions. Don't wait until you're trying to gain compensation to find out that the policy is significantly different than you thought it was. It may also be good to find out if there are any restrictions on where you can get your vehicle fixed, or if you would be forced to take the lowest bidder on repairs.

Perhaps the most important thing to keep in mind is that your classic car is definitely not protected well enough under a normal insurance program. A normal insurance program will leave your car largely uninsured. Before you invest in classic car insurance, be sure to check the classic car insurance provider's reputation somewhere such as the Better Business Bureau to make sure they have a good reputation.




classic car insurance provider
Classic car insurance Classic car insurance classic car insurance plan
classic car insurance provider