Insurance Policies for Collector Cars

According to the CCCA, to become qualified as a classic vehicle must be between 20 years and 45 years old; while any automobile older than that is an antique. Not every car that falls within this time period can be called classic, there are distinguishing characteristics. Usually the vehicle was one that was expensive for its time with fine features. Whether or not you belong to the CCCA, you do need auto insurance on your car. Not every car insurance company offers policies for classic cars so you may need to shop around.

There are special requirements for insuring a classic car. For example, there may be mileage requirements. In addition, most insurance companies require you to keep your classic car in a covered garage. You will want to shop around with different insurers who specialize in classic cars and find out what they require. If you do qualify, the next step is to get a quote. Obtaining multiple quotes from different companies can help you choose the best company to suit your budget and your needs. A broker can help you get numerous quotes by filling out one form.

Another reason insurance is so important for a classic vehicle is because many of these vehicles are not equipped with modern safety features. They do not have air bags and many do not even have seat belts. While some owners do decide to have seat belts installed, others do not. Another issue are the tires on a classic car, you can upgrade them or keep them original. There are many factors to look at when choosing an insurance company and a policy, so the best first step is to do plenty of research.

Your antique and/or collector car is not just a possession to be proud of, but also an heirloom and in some cases an investment. In some cases these vehicles appreciate in value over the years which is the opposite of your average automobile. Researching your type of car and its features can help you understand more when you begin searching for insurance. It is important to select a company who has special experience with these types of cars.

Your classic car is something special. You’ve probably kept it in pristine condition and want it to stay that way. There are policies that protect against collisions, natural disasters, theft, vandalism and more. Some cover spare parts and accessories. Many classic car insurance policies have Agreed Value features which means if your car is totaled the full amount of the insurance policy is paid to you. No matter which insurer you ultimately choose, one thing is for certain – your classic car needs protection in the form of an insurance policy because you cannot predict what may happen down the road.

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