Cheap Classic Car Insurance – Finding the best deal.
Published: March 27, 2018
Updated: May 15, 2018
CATEGORY: Classic Car Insurance
You have carefully protected your old classic car and it is now rare or old enough that you know it’s really special. This unique kind of vehicle has unique needs, one of which is classic car insurance. The task of finding the best deal may seem quite daunting. This is where a broker who can find you classic car insurance will prove helpful as they have a better ability to compare the market for you amongst leading Classic Car insurers such as Hagerty and the Guarantee Company of N.A.
The kind of cover you need depends on how you want to enjoy your ride. You need to do an estimate of your annual mileage because there are policies that are suitable for how you’d like to use your car, whether it be strictly car shows and cruises, or the occasional commute to work as well. You need to ask yourself if you want to be a classic car enthusiast or do you want to be driving on sunny days only for the pleasure of it? You can also consider policies that will include rally cover for those untimed point-to-point events.
If you are looking for classic car insurance, sometimes you might wonder what the options are. What you might consider as classic car when seeking for insurance, to most auto insurance companies is just an old vehicle with little worth. For instance, if you have a1970 Ford Mustang, an insurance company will look at their books to see if it qualifies for ca Classic Car policy. Classic Car insurers will look at age of vehicle, being 25 years old or more, but they also look at rarity to determine if the vehicle qualifies as a classic. Typically, to qualify as a classic the vehicle will need to be have less than 2,500 units produced in any one model year. It is also important to check with your broker, if your car qualifies as a classic, you will be excited that you’ve got a cheap classic auto insurance cover.
But what will you be entitled to if your vehicle gets involved in a crash and needs to be repaired? What will be the value of your vehicle to your insurer? Maybe a few thousand dollars, which is not good enough, as sometimes just parts on a classic can be worth tens of thousands of dollars.
What you need to do is get your classic car insurance from an insurer that will protect you on an agreed amount. Some will allow you to determine the agreed value while some others will require an estimate of the market value of your vehicle. Some Classic Car insurers such as Hagerty, will not even charge an additional premium for an agreed value.
If you only occasionally drive your classic car, you may be able to enjoy the benefits of Classic Car insurance. Policies for Classic Cars can be hundreds of dollars cheaper than conventional insurance, and if you only use your Classic for Sunday cruises, it is definitely worth getting a quote for Classic Car insurance.
A car crash will be far less traumatic if your classic car and you have settled on the agreed value of insurance Make sure you consult with a knowledgeable broker as It is important to have the right deductible for and agreed value for your Classic Car. Although cheap auto insurance is your goal, you will have to consider the benefits and the risks as well.