How to choose an Antique Car Insurance

Whether you already own an antique car would like to, you are probably already aware of their value; nevertheless, not one owner would ever consider failing to insure their car. Antique car insurance is not that difficult to find with many companies now able to provide this specialist service. By having a variety of auto insurance companies to choose from, the classic car owner can choose the right type of insurance for their needs; they are also more likely to get the policy at a competitive price.

Mainstream auto insurers are also now able to provide this type of insurance for antique cars; these plans reflect the specialized nature of this type of auto cover and are often called ‘collectors auto insurance'. Although the policies may seem the same as regular auto insurance provides, they are not and the agent will require exact details of the car to be insured before a full quotation can be supplied. You can of course lower your premium by increasing your deductible above the standard limit your insurer sets.

It is important to know that the company you are insuring your antique car with is reliable; these are usually old and trusted firms with a large customer base which is important when you are insuring a precious possession. These large companies are also able to insure your modern car at the same time and may even have a discount scheme for multiple policies. Often, the cost of an antique car insurance policy is higher with this type of company but many owners feel the extra cost is worth it as they feel much safer knowing the company is well known and has a long history.

There are also many independent auto insurers available to purchase car cover for an older car; the downside is you may have to use a standard auto insurer for any other car. A number of independent insurance providers even specialize to the point where only a certain type of classic car is insured. It is worth doing some research when choosing an independent antique car insurer to make sure they have a good reputation as you will have a great deal of money at stake.

There is always an element of risk when using the smaller independent insurers as you do not know for certain how safe your money or their policy is. It might at first seem like hard work finding an antique car insurance company you feel confident about; if you want to protect your investment however, it is a necessary process. Even lowly classic cars from times gone by are worth many thousands of dollars which means that protecting them is not an option.

by Levon Boghos

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