Save Money With a Classic Car Insurance Quote

Owners of classic cars need insurance other that traditional car insurance coverage for their investments. Drivers are required by laws of the state to purchase liability insurance. This will cover damage caused by your vehicle when an accident occurs. Regular car insurance will not meet your needs to protect the money you have invested in a classic car. Instead, you will need to find a classic car insurance quote.

Most classic car owners find that an agreed value policy is best to protect their car. These policies cover damage to you vehicle at car shows as well as on the road. The agreed part is the payoff amount if the car is totaled or stolen.

This type of insurance is very often found to be inexpensive if it is compared to traditional insurance. Sometimes it can cost as much as eighty percent less. You will find that these policies have regulations about the use of your vehicle. For example, many policies require that you keep the vehicle in the garage. Others only allow you to drive a specified number of miles in one year. If you want extra miles, you have to pay more.

All older cars no longer qualify for the agreed value policy. It is reserved for those cars that are kept by collectors, and not just any old heap. Owners of American motorcycles can often buy coverage on their bikes.

Sometimes it is difficult to find companies offering this coverage. If you have a classic car and need agreed value policies, try calling a few agents. If they do not offer the coverage, then ask if they can recommend an agent that does have the coverage. If you keep trying, you will find a company that offers the policy that you seek.

An additional place to look is online. You will find several companies that specialize in classic car coverage, and should be able to find on that offers the coverage in your state.

The agent will need to gather some basic information about you and your vehicle before giving you a classic car insurance quote.

While a vehicle is being restored and cannot be driven or at times when it will be off the road for an extended time, check to see about the cost of fire and theft insurance. This coverage costs even less than the coverage for agreed value. You can use the money saved to help restore your vehicle.

An annual review of your policy will help to make sure that you have adequate coverage. If the value of the vehicle has appreciated, you may need to increase the amount of insurance you are paying for.

Protect your investment in a classic vehicle by purchasing the correct type and amount of insurance. Since a replacement model may not be available, if your vehicle is damaged, your only option at times is to start your restoration process all over again. In case something does happen, at least you will have the finances to restore that vehicle to its former glory.