The Basics on Auto Insurance Quotes for Classic Car Owners

For many who have the time and money, owning and restoring classic cars is a great experience and rewarding hobby. Classic cars can easy become an enormous expense, and it is important to insure them adequately so you are protected in case of any losses. Even if you do not drive your vehicle, it could still get damaged just sitting in the garage.

Regular insurance is not set up to protect classic cars correctly. For one, it only goes off what the book says the car is worth. Since most classic cars are older, "the book" probably will not price them favorably. On top of this, the time, effort, and materials you put into the car will not be taken into consideration by a regular insurance policy. They are created for people who use a car for driving purpose, and want a replacement car so they can continue driving.

When it comes to insurance, most companies classify older cars into three different categories: cars made before 1903 (veteran cars), cars made between 1903 and 1933 (vintage cars), and cars made after 1973 and which are at least 15 years old (classic cars).

Owners of car sin these categories will need to research alternative auto insurance quotes. This means that before you buy a classic car, you need to contact insurance companies and ask about the products they might have available. If you go to a regular insurance company, they might have something that would work for you, but you will likely pay a whole lot of money for it. The best option is to find an insurance company that specializes in classic cars, as this will get you the best rate and the right coverage.

When you are speaking with an insurance company, you will need to ask questions about how they put a value on a class car, and if they charge a fee for assessing the value. You will also need to ask about any rules that might apply to classic cars. For example, many insurance companies will put a mileage limit on classic cars, meaning you would need to drive under a certain amount of miles per year in order to be covered. If you drive your classic car often, you would need to let the insurance company know. Other things you need to consider is question about coverage if the car is not driven, about any garaging requirements, and any other driving or alteration restrictions.

Buying, restoring, and driving a classic car is a thrill that many people wish they could experience. If you are lucky enough to break into this hobby, it is very important to keep your investment and hard work properly restored. If your car is damaged you will likely still experience an emotional loss, but at least the financial side of things will be covered. You put so much work into your classic car, put a little bit of effort into making sure it is adequately insured, and you won't have to worry about your investment!