Classic Car Insurance Guide

Antique car insurance is very important for antique car owners as antique cars have a greater chance of being damaged and having the repairs cost large sums of money. There is specific car insurance available for antique cars that will cover veteran cars, which is any car built before 1903, vintage cars, any cars built between 1903 and 1933 and classic cars, or cars that are at least 17 years old if not more.

Antique cars are important to insure because they can be very valuable and very rare. An owner of an antique car requires special protection for their vehicle as the value will increase over time and many of the repairs may be costly. Often original parts are very difficult to find and replace,  so proper protection is a must. There are also special options for showing the car at car shows and events.

The insurance policy can be calculated based on an appraisal of the car, so this would include the present day value. Another way of determining the insurance is to take the purchase price of the car and buying insurance based on that. This method will require supporting documentation. The above two methods are the most common way antique car insurance companies calculate insurance premiums.

All of your cars will be qualified for the standard insurance package but for additional options the antique car may need to meet specific requirements. You may have a 30-year-old car, but that does not mean it is considered an antique. Antique or collector cars may have a number of very specific characteristics such as having a big block V8 engine, muscle car, convertible, foreign sports car, or have a unique body shape. It first must be considered a classic car before it can be considered an antique.

Antique car insurance agencies can be found by using the phone book or doing an Internet search. The internet is an excellent tool for finding antique car insurance companies as you may also be able to get a basic free quote as well as comparison sites so you can find the best deal for your antique car.

Most car insurance companies will offer antique car insurance as there are special policies for those that collect, maintain and even restore antique cars. You can get a car insurance policy that is tailor made for your antique car and you can also determine the correct coverage needed for your activities. Getting antique car insurance with a major company can have several benefits including a discount if you get insurance for all of your cars, not only your antique car. However, there are certain drawbacks in utilizing standard insurance.

There are also many companies that specialize in insurance for antique cars and you can feel confident in their ability to provide you with the best coverage for you vehicle. Specialized antique car auto insurance providers may have the best rates and superior service but they will only insure antique cars and you will need to go to another company for your other vehicles.

When searching for an insurance company you should check first with your state auto insurance regulators. This resource is free and many times underused. The individuals there will be able to answer all of your insurance questions. The research needed to get the best classic car insurance quote at the best cost will take some time, but it will be worth it in the long run.