same type of insurance policy which is commonly known as classic car
insurance. There is a distinction however in the classification of the
three types of vehicles.
The age and year manufactured will determine which category that your
vehicle falls into. An antique car was manufactured before 1903.
A vintage car falls into the range of 1903 and 1933 manufacture dates,
and a classic car is considered any vehicle over thirty-five years old.
The vehicles market value and condition will both play a more important
role than the car’s age or classification in determining an insurance
quote. Many insurance companies offer free auto insurance quotes
online. You can find these with a simple search. However, if you are
not having a lot of luck you may want to try alternative keywords to
vintage car insurance such as classic car insurance, collector’s car
insurance, and antique car insurance.
Many sites offer insurance quotes online in as little as 90 seconds.
Insurance companies will also place some restrictions on the car. There
will only be an allotted amount of miles, typically around 2,5000, the
car will be permitted to be driven over a one year period. Some
companies do offer plans that allow for flexible rates based on the
millage accrued for the year.
Classic car insurance rates are traditionally lower because they are not
out on the street being driven around every day and therefore at less
risk of being in an accident. Classic car owners also tend to take
better care if not meticulous car of their cherished possessions.
Insurance policies often require the owner’s to keep the vehicle in a
secure and protected location such as a garage. When dealing with a
valuable vehicle additional requirement such as increased security and
fire protection will have to be in place.
There are a few qualifications the owner and drivers will need to meet
in order to qualify for vintage or classic car insurance.
First all drivers need to be a minimum of 25 years old and will also
have to have a clean driving record.
When examining different insurance quotes that you receive online, you
will want to look for and find a policy that is the value is agreed upon
by both the owner and insurer. In the case that something happens to
your classic car, you will want to receive the full value that you feel
you vehicle is worth.
Traditional car insurance depreciates the value of a vehicle each year,
which is truthfully what happens to standard everyday vehicles. However
when you are talking about a classic care the opposite is what actually
happens. Classic, vintage and antique cars all appreciate in value
overtime if the right care and maintenance is made in order to keep them
in top notch standards.
There are many companies that specialize in classic car insurance. Many
of the company owners and agents are themselves classic car lovers and
collectors. They are able to offer a higher level of expertise than a
traditional auto insurance company because of their knowledge base.
They understand the importance and care that you put into you classic
car and will help to find the best parts and services needed in the
event of accident or repairs need to be made. Some insurance companies
such as Hagerty specialize only in classic vehicles and boats.
They are active in legislation that affects vintage car owners and even
have specialists on hand to discuss these issues with you.
Another aspect that you will need to look into when review any quotes
that you receive are the different times that your car will still be
covered but may not be physically driven. This could something such as a
restoration period or during shipment out of state or overseas.
Many insurers also sell a liability coverage that can is only one fee
but covers all of your vehicles. This is something that you will want
to take advantage of if you are a collector and have multiple cars that
require vintage car insurance.
In the end when you buy any type of insurance, you are buying a service.
You will want to make sure that company that you eventually select to
protect you can handle your needs and provide exemplary services when
needed. Finding the right vintage car insurance will take time, but you
will want to shop around to ensure that you receive in the end will
protect you in the case of a complete loss.
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