Finding Classic Car Insurance Quotes

12/04/2010

If you are shopping for a classic car insurance quote, you should already know that coverage on an antique vehicle is different from that of a regular car or truck. Because it is so different, it's often hard to find an insurance company that will provide coverage for your classic car. There are steps that you can take to find the insurance company that is right for you.

How to Find Classic Car Insurance

Before looking for a classic car insurance quote, there are a few things you should look up and know about your antique car or truck. First, you should determine your classic car's value. Hiring a professional appraiser will help justify the value placed on the car. Don't forget to present the appraiser with any restoration receipts you have received for labor and parts. Once you have your classic car appraised and know it's worth, seek a classic car insurance quote from a few different insurance companies. Make this process easy by getting multiple quotes instantly online at AgentInsure.

Other Things to Consider

A classic car is unlike any other vehicle on the road. As a classic car ages it becomes more valuable. While other vehicles depreciate in value, the value of an antique or classic car continues to rise. That's why it is important to find a car insurance policy that protects the full value of your car. When you are comparing your classic car insurance quote to other quotes you have received, check to make sure the policy offers to cover the “agreed value” of the car. When a car is totaled or stolen, a standard car insurance policy entitles the owner to the car's actual cash value (accounting for depreciation) at the time of losing the vehicle. Because classic cars increase their value with age, it is important to find insurance coverage that will pay the increased value. Try to find a policy that provides automatic appreciation in value. If you don't have an automatic appreciation policy, make sure the car's value is appraised each year.

Some Restrictions Apply

Almost all insurance companies that have given you a classic auto insurance quote will require that you meet certain stipulations before they allow you to sign for and receive an insurance policy with them. There are restrictions that insurance agencies apply when insuring a classic car. These restrictions include:

• That the driver have a clean driving record and at least ten years driving experience.
• There must not be any teen drivers or drivers with poor driving records on the policy.
• It is recommended that the driver be over the age of 25.
• The driver must provide proof that they have a secure, weather proof garage and another vehicle for daily transportation.

As always, take your time when comparing your classic car insurance quote to other quotes you have received and make sure you are getting the policy that is right for you and your classic car.