Antique cars are usually the pride and joy of their owners who relish the opportunity to show them off whenever possible; insurance for a valued possession such as this essential, even if it were almost impossible to replace. Fortunately there are antique car insurance companies who are able to provide the sort of cover an older car needs. This is obviously good for the person searching for the classic car insurance as they have an abundance of companies to choose from; competition amongst insurers should also mean a quote that meets with the owners financial requirements.
Not to be outdone, everyday commercial auto insurers have designed policies to meet the needs of antique car owners; these plans reflect the specialized nature of this type of auto cover and are often called ‘collectors auto insurance'. Perhaps more so than a modern car, these policies need to be more precise and an insurance representative will require as much information about the car before he can supply a tailor made quote. The agent will be able to help you choose what level of coverage you require and can afford and the level of deductible that can be set.
Purchasing auto cover for an antique car through a commercial insurer will give the policy holder peace of mind; usually considered trustworthy, they will probably have a large satisfied customer base which means your antique car should be safe with them. If you purchase a car policy through one of these large commercial insurers then the chances are you will also be able to insure your regular car with them, sometimes on the same policy. 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; they may provide plans with a lower premium but are unlikely to insure any other type of vehicle. 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. To be on the safe side it is best to check out any insurance companies, especially the smaller ones so you can be happy in the knowledge that your premium money and antique car are not at risk.
No-one wants to find that after paying the insurance premiums for months the company will not or is unable to pay out on an insurance claim. It can be a lengthy process finding a reliable antique car insurance provider; however, the benefits of having proper insurance for the car far outweighs the initial hassle of finding a provider. Even lowly classic cars from times gone by are worth many thousands of dollars which means that protecting them is not an option.
by Francisco Segura
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