Classic Car Insurance

You've dreamed about it most of your life, owning that 1963 Corvette. You've looked the world over to find one in good shape, not perfect, but good. You finally found your perfect project car. Now that you've got it, you need to get some classic car insurance. Not only will the insurance protect you from anything that may happen to your vehicle on the way home, it will keep you safe well past the garage.

Once you've owned your first classic collector car, you understand what it means by pride in ownership. The very last thing you want is for something catastrophic to happen to your new baby. Protect your sweet ride, whether it runs or not, with classic car insurance.

Most people who own collectible or classic cars spend hours and hours working on them, making them shine to perfection. Inside and outside, meticulous repairs are performed to get the vehicle in tip top shape. These pain staking labors of love often cost hundreds of thousands of dollars, not to mention years of time and manual labor. Spending your time and resources to find original parts is often painstaking, to say the least. It's all worth it for us, as we know the more original are cars are the more value they hold. So, how do we put a price on a car that may have original parts that are just about impossible to replace? Well, we don't do it with standard auto insurance. Haggling with your run of the mill insurance company is the last thing you want to do, after seeing your hard work disappear or damaged. Because classic car auto insurance specializes in collector cars of value your car will be protected for what it's worth. Don't let a mishap destroy your dreams and hard work.

You never know what can happen. You may feel safe about having your classic car in your garage at home. You think that since its right under your nose, nothing could possibly happen to it. Unfortunately, you are very wrong. You need to consider that theft occurs in homes now more than ever with the down economy. While the emotional value of your vehicle can't be replaced, in the event it is stolen, you at least deserve monetary compensation.

If you live in the South or Mid West in Tornado Alley, you owe it to your collector car and yourself to get classic car insurance. Not just any insurance company will insure a classic car. There are actually very few classic car insurance companies world wide that insure these high value specialty vehicles the way they should be. You need to look for an insurer that specializes only in classic car insurance. Be sure to research the company thoroughly before taking a policy with them.

If you cover your collector car with a standard insurance policy, be prepared to pay up to 500% more than you would with a special classic car policy. Yes, that's right standard auto insurance is almost always more expensive than classic car auto insurance.This is mostly mileage related. Since we don't utilize our classic cars as daily drivers, there's no reason to insure them that way.

There are many differences between the policies that are offered by regular car insurance companies and specialty companies. One of the biggest differences is in how your car is valued. Standard car insurance companies value your car at actual cash value, meaning they look at the car itself, the blue book value of the vehicle and the depreciation of the vehicle to put a dollar value on it.

As that vehicle gets older, the value will continue to go down. This depreciation can put your investment at serious risk. You will get less and less for the car if anything happens to it. Not so in the case of a specialty company that offers collector car insurance. With a collector car policy, your vehicle will be valued based on stated value. This is an amount that you and the insurance company agree to that your antique or classic car is worth. This will not go down in value.

You will also get much better coverage with a classic car policy. Standard insurance companies that actually agree to cover your collector car will put very strict limits on the vehicle. They don't often consider the difficulty in finding replacement parts, and don't value accordingly. If you have a fender bender they'll often require you to go to their body shop. This can be a real problem, as these mass production shops won't often have the experience nor desire to bring your car back to the way it should be. With a specialty policy, you won't have these harsh restrictions.

Thanks to the resources provided by the Internet getting a classic car insurance quote is a painless process. You can get classic car insurance quotes from a number of insurers that want your business. You can then choose the best quote that meets your needs.

As tempting as it may be it's important to not just focus on getting the best price. While we all want to get a great deal, quality is also important. Remember that your collector car is an investment, and protecting it like one is a must. Choose an insurance company of quality. Picking an insurer on price alone can be risky. You may save a few bucks, but you'll certainly pay the price when it comes to service and claims. You'll want a classic car insurance company that will be around if and when you need them. Fortunately, there are a number of reputable insurers to choose from, so this wont be much of a challenge. You'll save money and get more adequate coverage than your typical automobile insurance. Look into proper classic car insurance today, you'll be happy you did.