What About Insurance For an Antique Car?
Do you like to fee like Jay Leno driving your antique car in a local parade.
Or maybe it is just the pride of ownership you enjoy as it stands out at your favorite car show.
Have you thought much about the insurance coverage you have on it.
You may be paying way too much.
Antique cars have special insurance policies because they are not used like everyday cars.
They are usually stored away safely most of the time and only taken out for special occasions, like parades and car shows.
Heaven forbid that they get mud or grease on them from driving on a sloppy day or speeding down the highway.
A few finger prints is about all they can handle.
To offer their special rates, antique car insurance policies are packed with restrictions and requirements.
The storage of the car may also come into play with antique auto insurance.
Most companies require that it be kept in a locked garage or storage facility when not in use.
Keeping it under a tarp in the backyard may not be protection enough.
Remember, these older cars are impossible to replace so the antique auto insurance provider wants to be sure that the risk to the car being stolen or vandalized is kept to a minimum.
You first need to think about how often you're going to drive that car and how it will be stored.
Most companies that provide antique auto insurance require that you disclose how often and how far the car will be driven.
For instance, some very old cars are used only in parades, exhibitions, club activities, and other such limited functions.
They are not used for "joy rides" or anything else.
Your carrier for your antique auto insurance may dictate how far the car can be driven and how often it can be taken out.
They may also state quite clearly that the car cannot be driven for personal use.
It's also important to realize that there is a difference between antique auto insurance and the coverage provided for vehicles such as "muscle" cars, racing cars, and even what you may call classic cars.
Most antique cars need to be 25 years old or more, whereas classic cars may be only fifteen years old.
Also, it may be assumed that muscle cars and racers will be used more often and may pose more of a risk for accidents - most who own cars like this know how tempting it is to start racing it or showboating just a little.
If you shop around you should be able to save yourself hundreds a dollars a year by buying the right antique auto insurance policy for your beloved car.
The insurance company does not have much risk because the car is kept in a safe place most of the time.
Because of that, they don't have to charge you a huge annual premium.
Or maybe it is just the pride of ownership you enjoy as it stands out at your favorite car show.
Have you thought much about the insurance coverage you have on it.
You may be paying way too much.
Antique cars have special insurance policies because they are not used like everyday cars.
They are usually stored away safely most of the time and only taken out for special occasions, like parades and car shows.
Heaven forbid that they get mud or grease on them from driving on a sloppy day or speeding down the highway.
A few finger prints is about all they can handle.
To offer their special rates, antique car insurance policies are packed with restrictions and requirements.
The storage of the car may also come into play with antique auto insurance.
Most companies require that it be kept in a locked garage or storage facility when not in use.
Keeping it under a tarp in the backyard may not be protection enough.
Remember, these older cars are impossible to replace so the antique auto insurance provider wants to be sure that the risk to the car being stolen or vandalized is kept to a minimum.
You first need to think about how often you're going to drive that car and how it will be stored.
Most companies that provide antique auto insurance require that you disclose how often and how far the car will be driven.
For instance, some very old cars are used only in parades, exhibitions, club activities, and other such limited functions.
They are not used for "joy rides" or anything else.
Your carrier for your antique auto insurance may dictate how far the car can be driven and how often it can be taken out.
They may also state quite clearly that the car cannot be driven for personal use.
It's also important to realize that there is a difference between antique auto insurance and the coverage provided for vehicles such as "muscle" cars, racing cars, and even what you may call classic cars.
Most antique cars need to be 25 years old or more, whereas classic cars may be only fifteen years old.
Also, it may be assumed that muscle cars and racers will be used more often and may pose more of a risk for accidents - most who own cars like this know how tempting it is to start racing it or showboating just a little.
If you shop around you should be able to save yourself hundreds a dollars a year by buying the right antique auto insurance policy for your beloved car.
The insurance company does not have much risk because the car is kept in a safe place most of the time.
Because of that, they don't have to charge you a huge annual premium.
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