Keys to Getting Classic Car Insurance Online

By Chris Chandler | December 22, 2008

If you are looking for a vintage auto insurance quote online you will want to find out more about the various types of insurance that are available. Discovering what classic car insurance is best for your needs will make searching for a classic car insurance quote online much easier. Many antique car owners insure their car with a standard insurance company, but this isn’t necessarily always the right decision. Standard insurance normally does not offer the best rate and often will leave a collector car dangerously short on coverage.

Click for Classic Car Insurance Quote Online Basically, there are three kinds of insurance for classic car enthusiasts from which to choose from. It is important to note however that only two of the insurance types are sufficient for covering classic cars. Most standard autos have ACV insurance for coverage. ACV stands for Actual Cash Value. This means that the policy covers the auto for its depreciated value instead of its actual marketplace value. Don’t use this for insuring a classic or vintage car because if something happens, you lose.

When looking for a vintage auto insurance quote online, look for a company that offers both Stated Value and Agreed Value terms. Only these two types of auto insurance plans should be considered for a classic car. If your insurance company does not offer these types of insurance, then you will need to look elsewhere.

Stated Value coverage allows you as the owner to state the value of your car. However, within the fine print you will likely see that you might not be completely insured for the value you stated. With a Stated Value policy, there is always a deductible.

The best choice for most collectors of classic automobiles is the Agreed Value plan. With this type of policy the classic car that you insure is 100% covered, there will likely be no deductible, and depreciation value is not considered. This would clearly be the choice when insuring a vintage or classic car.

Most policies that insure a classic car will usually include some clear guidelines. There may be mileage restrictions placed on the policy. The standard restriction for mileage is 2500 miles per year or 250 miles per month.

The age of the driver is also limited. The driver cannot be younger than 25. Also, the insurance companies that cover classic cars requires that the driver has at least ten years of driving experience and has a good clean driving record.

Most classic auto insurance policies will require that the automobile be garaged when parked. This is standard procedure for most classic car owners. It is not likely that anyone that owned a $90,000, beautifully restored vintage car, would park it in the driveway.

Another common restriction for classic car insurance is the requirement that you own another vehicle. You will have to have another vehicle that you use for your daily transportation.

When looking for a classic car insurance estimate online, search long and hard; know what all of the available options are before choosing your policy. Price will obliviously be a consideration, but it should not be the only thing you look for. When you purchase car insurance, keep in mind that you are paying for a service. By searching for a classic automobile insurance quote on the internet, you can easily compare companies and get the best solution for your classic car coverage.

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