If you own a classic car, you already know that they can be difficult to insure. You have things to consider that are unique to classic vehicles. Here are some things to consider when choosing an insurer for your classic vehicle.
How are you going to use your antique or classic vehicle?
You should get coverage for how you use your vehicle. If you don't drive your vehicle daily, why pay for it. If your insurance company has experience with classic cars, they probably offer policies for vehicles that are only driven on weekends or never driven at all. The longer you drive it, the more risk you will pay and the more you will pay. If you get a policy for a vehicle that's supposed to be guaranteed, you won't be covered if you choose to drive it. Be sure to state exactly how you will be using your vehicle so that you are fully covered but not overloaded.
How much is your car worth?
Don't assume your insurance company knows how much your car is worth. You may find that you like it a lot more than they do. Get a policy where the value of the vehicle is stated in writing. Get a written appraisal on your vehicle, so there's no questioning its value.
Does the insurance company have classic vehicle experience?
If possible, choose a company that has experience in classic automobiles. Most insurers have no idea and won't be able to match you with the right policy. If you are a member of an automobile club, ask for recommendations. If you can't get a reference, ask your agent. Ask them what type of policies they have for classic cars. If they're trying to fit you into a base policy, find another agent.
Are there any restrictions?
Find out in advance if there are any restrictions on using the vehicle. You need to know in advance if you are limited to a certain mileage or if you have to park it in a certain place. Read your policy carefully.
Don't just accept the first quote you receive. Do your homework and you'll find the car insurance policy that's right for you and your car.
