Antique Car Insurance: I'm So Mad I Didn't Know This!
Restoring a vintage car is a labor of love. While admittedly there are some that do this as a business, all of them, those that restore and collect vintage cars, are driven by their passion. They are fueled by their desire for vintage cars and watching them return to their full glory is what makes them happy.
Vintage cars often allow owners the additional benefit of being noticed at a certain status level, because of the prestige, glamour, and ability to afford high maintenance costs. Something like thinking of Jay Leno! Most owners have a true inner passion for the vehicle along with having enough free cash to afford the associated costs. Keep in mind that you have to be extremely patient when working on restoration of a vintage car.
After restoring a vintage car, a lot of people would either drive out from time to time, or keep it in storage so that they will be in great condition when they present it at car shows. This great concern for safety is understandable; this is because a vintage car restoration project is no laughing matter. A huge investment in time, money and effort is done and watching a car get destroyed or to have it stolen can be a huge blow.
Insurance comes in handy when owning a vintage car. It is different, however, from regular car insurance. For one thing, insurance on a classic car is usually cheaper. That's because the insurance companies that write this type of policy will only cover certain mileage. You do have to consider the fact that you're required to keep a vintage car garaged for the policy to be in effect.
The cost of insuring a vintage car depends on various factors, including the make, model and market price of the car, with higher valued cars incurring higher insurance premiums. It's important to note that there have been instances in which insurance companies have not paid claims for the complete value of vintage cars, so it is important to make sure your policy guarantees the car's value before you sign the policy. A guaranteed valuation clause will cost a bit extra, but in the long run is worth the additional charges, should the car be damaged beyond repair or stolen.
Looking for vintage car insurance can be as simple as flipping through the yellow pages or browsing through vintage car magazines. There you will be able to find car insurance companies that can be able to give you a quote after you give out your details through a phone call, or if you go to their physical office. Comparing their quotes can be a troublesome task. You need to make several phone calls or visits to get their quote. Plus, interacting with an insurance agent can get you committed to their policy with their persuasion.
You can easily find insurers who provide coverage for classic cars on the web. There will be plenty of companies that will offer great rates. What's more, you won't have to waste time actually visit an office to get quotes. In just minutes, you can acquire a quote from any number of providers and do some comparison. In addition to rates, however, you need to look at coverages and exclusions. Using the web to shop for policies means you will not feel pressure to buy from any one company.
Request multiple classic car insurance quotes online with one easy form at Affordable-Auto-Insurance-Quotes.com. It just takes about four minutes to complete our car insurance quote request form. A few minutes now can save you thousands of dollars over the coming months on your vintage car insurance.
Published February 5th, 2008
Filed in Auto