Classic Car Insurance plan

by: Martin Lee

Owning a prized possession such as an antique car can be the pride of any automobile collector. However, owning an antique car comes with the responsibility to protect and preserve its value. Since the cost of replacing parts are sometimes prohibitive, an Antique car insurance policy is a necessary expense in case of an accident.

Any automobile aficionado who wishes to preserve their collection from unforeseen circumsatnces will invest in an antique car insurance. Regardless of your reasons for owning a vehicular masterpiece from past eras, you should be sure to protect your investment with an antique car insurance policy designed for you.

Typically, your insurance provider must classify a vintage vehicle under their antique status in order to qualify for antique car insurance rates. Age of a particular vehicle will usually determine the classification status, usually cars 25 years and older can be termed as 'classic', while cars over 50 are generally regarded as antique. In some cases, insurance companies may require your vehicle to be registered as an antique depending on state rules.

You can protect your investment as well as preserving a historical piece of automobile memorabilia with an antique car insurance policy. In case of an accident or damage, with the right coverage, you will be able to conserve and restore your car to preserve its intrinsic beauty.

Rates for antique car insurance will vary depending on several factors, including whether you garage the car when not in use, how many miles you typically drive, and the general purpose for which you use the vehicle. In order to reduce the possibility of being involved in an accident, most insurers will require you to drive no more than 5000 miles per year. Using the car for pleasure will result in a higher premium than if you only use the car to display in antique and classic car shows.

Although a multitude of companies concentrate in antique car insurance, there are many companies that do not write such policies. Choosing a reputable company is not all too difficult. You may want to refer to a car collectors club for recommendations on choosing a respectable insurance provider. The internet is another good resource, as many antique car insurance and collector clubs can easily be found. A meticulous search for an appropriate insurer can result in finding an outstanding provider to satisfy your insurance needs.

You can protect your investment as well as preserving a historical piece of automobile memorabilia with an antique car insurance policy. In case of accidental damage, with the right coverage, you will be able to conserve and restore your car to preserve its intrinsic beauty.