Classic Auto Insurance

Technically, any car that is more than 25 years old, is worth over $30,000 and is regarded as collectible and is considered classic. The definition varies depending on the companies policy so you should first check with your insurer before requesting for a quote. Unlike modern cars, classic cars need more care so find an insurance company that specializes in classic auto insurance and is well-informed on old models for your car to be in safe hands.

Why Get Special Classic Auto Insurance?

Reasons why you should get your vintage car insured are for protection from accidents, theft, vandalism and disasters like fire. The first thing you need to do is find the best auto insurance for your car. Next, get a quote from your insurer so you can know the products you are buying and your insurance premium. Give your insurance company correct information about your car for example, the registration, license and security number so you can get an accurate quote. Some insurance companies require pictures of your car taken in different angles. You will need to fill out a policy application form. Ask questions on the areas you do not understand before filling to avoid any problem in future.

Find out the value of your car with the insurer before insuring it. You can do the valuation with your insurer or hire a professional to do it for you and put it in writing. This may cost you a little more but it will help you in case your vehicle is written off as you will know the exact figure to expect from the insurer. Old cars increase in value as time goes by so they should be valuated annually. Original parts of the car also add value to the car.

Before settling for an auto insurer you should find out if they give discounts, whether their coverage limits are comprehensive and the circumstances under which they can deny you your claim. Hire cover companies that are experienced, licensed and whose annual rates are low. Shop around and compare several companies before making up your mind.

Your insurer should be able to give you advice on which policy is best for you. They should also inform you how they tow vehicles. If you do not want your precious classic towed like any other ordinary car you may have to pay an extra fee for roadside assistance policy.

What Are My Limitations?

Insurance companies place the following limitations on vintage cars use: they are not supposed to be driven on a daily basis to minimize damage. You may need to provide proof of another car that you use regularly. Mileage is limited depending on the policy cover. Some policies allow the purchase of more miles. Most policies do a value assessment of the car after any repair that needs spare parts because spare parts for classic cars are very rare and expensive. Lastly, the driver must be mature and their driving must be excellent and risk free. As a requirement, your car should be parked in a safe place.

Classic car cover has the following benefits: it is cheaper because they are well driven and maintained meaning not many claims will be made; you get a guaranteed value, you are given good discounts averaging 25 percent, you get additional services like windscreen refurbishment and roadside breakdown assistance, you go to a repair shop of your choice, if your car gets damaged during a show, the car plus the other things that get damaged are replaced by your classic insurer.

Your classic car is a very valuable and sentimental possession which you have invested a lot in so it is of utmost importance that you insure it with an insurance company that offers quality services. Read carefully and understand all clauses, especially the one on price valuation as this is the one that most people have a problem within when it comes to claiming.