Insuring Your Antique Car

The opportunity to own an antique car is worthwhile because it will likely never be repeated; owing to their value, they will require specialist insurance. Although you might think it hard to obtain, it is surprising how many companies can actually supply antique car insurance. This is good news for the classic car owner who wants a specialist company to look after his insurance as they should have plenty of choice; they are also more likely to get the policy at a competitive price.

Many commercial auto insurers now provide protection for an antique car; they call them 'collectors auto insurance' plans and are designed for the vehicle being insured. Although the policies may seem the same as regular auto cover provides, they are not and the agent will require exact details of the car to be insured before a full quotation can be supplied. Of course just what level of protection you will decide upon will be down to your budget and how much they set the deductible at.

Large insurers may not specialize in antique car cover but there are other benefits; these are usually old and trusted firms with a large customer base which is important when you are insuring a precious possession. The other advantage of this type of insurer is their ability to arrange the protection on any other regular vehicle you own. 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.

Large numbers of old car owners still insure their vehicles with the specialist auto insurers as they can be more competitive; also, these firms will generally not insure any other types of car. There are even companies that will only insure a particular type of classic car which might make it difficult finding an insurer for your own vehicle. If you are going to use and independent antique car insurer then first check that they can be trusted and have a loyal customer base before you part with any money.

The last situation you want is to require their help and find that all your premiums have been wasted because they cannot or will not pay out on your claim. It can be a lengthy process finding a reliable antique car insurance provider; if you want to protect your investment however, it is a necessary process. By their very nature, classic cars are almost always irreplaceable and represent a big investment on the part of the owner so protection for these cars is an absolute necessity.

by Francisco Segura



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