Antique And Classic Car Insurance

If you have spent a lot of time repairing, refurbishing, or fixing up an antique car, then you will want to protect your investment. There are plenty of companies that offer antique car insurance. This is for those classic Bentleys, the 1930's Model A's, 1957 Buicks, 1901 Oldsmobiles, 1957 Thunderbirds, Hot Rods, and Vintage Pickup Trucks just to name a few. Antique cars are defined as twenty five years old or older. Classic cars are defined as twenty to twenty four years old or older.

Antique auto insurance is a must if you happen to get in an accident on the way to a show. Even if the car gets stolen, there will be a lot of money and time at stake, so you will want to have every opportunity to protect your investment.

First, you must figure out how you want the vehicle covered. You also want to get several quotes and look at several different policies. Some places may offer you more in one package for less that another.

The most important thing is to let the insurance company know how you are going to use the vehicle in your daily life. Will it be a show vehicle or will you use it every day for work or going to the store? You also need to find out if the insurance company has a clause for your vehicle to be locked up when not in use. Some companies don't like the vehicles left unattended in a parking lot.

There is also a matter of the value of the car that will help decide what kind of policy you need. There are three values with every vehicle. A Stated Value, an Actual Cash Value, and an Agreed Value. You want to make sure you understand the differences between all of these so you can pick the best policy.

A Stated Value is used the most with antique and classic auto and car insurance. If something happens, and the car is damaged, then you get the lesser of three options. These are the Stated Amount that the insurance company will pay, the cost of repairing the damage to the vehicle, or the amount tallied by how much the value of the car has lessened over time or depreciated. This is also known as the Actual Cash Value. They will look the information up and offer this price.

An Agreed Value is what you and the insurance company agree that the car is worth. Should the car be stolen or in an accident, you will receive this amount. There are no options to this policy unlike the Stated Value policy. This is the best type of coverage to get as you are guaranteed a fixed price for the classic car.

Another thing to remember is to purchase separate antique car insurance for your classic vehicle. Some agents will tell you not to worry with it, but it is best to do it this way. So claims don't get confused and you get everything you want in a separate policy that may not be allowed with newer vehicles.

Sometimes there is a question about whether to get comprehensive or liability insurance. Research these two so you know what you want when you get ready to buy a policy. You should get comprehensive coverage if you are still in the working stages of refurbishing or repairing. If the car is in full time storage or in a museum on display, this insurance will also apply. Liability is needed when you are using the classic car for your daily routine. Driving it to work or to the store every day will increase your premiums.

Another good thing when going to purchase insurance is to have pictures of the car. Take pictures all the way around the vehicle, under the hood, and underneath if possible. This way if anything occurs, the insurance company will have pictures of the vehicle of what it looked like before. Make sure to keep an extra set for yourself as well. Some insurance companies will have you bring the vehicle by and let them walk around it and do a spot check. This can help as well if they spot any dents or rust that you weren't aware of at the time.

Antique toy insurance may be needed for the vehicles that are mostly for off-roading. These include ATVs, go carts, dune biggies, golf carts, and snowmobiles. Your homeowners may not give you enough coverage if an accident should occur. Insurance for these vehicles may be need to be added or purchased separately as well.

The policies usually include physical damage, liability coverage, and medical payments coverage. These are for every member of the family and can be quite helpful if you hit someone else. The medical expenses are usually covered, and check your auto policy to see if they have a clause in there concerning off-road vehicles. Most offer different choices for every policy. Take the time to study the packet of information and choose what is best for you. Some companies will also give discounts for families that have more than one off-road vehicle. Likewise if you have more than one policy through the insurance company.