Shopping for Vintage Car Insurance
If you have a vintage car then it probably cost you a lot of money. Most people who buy vintage or classic cars do so not only because they like them, but because they see the vehicle as an investment. Once you have spent thousands, if not hundreds of thousands of thousands of dollars on a vintage car, you need to be sure that you have the right kind of insurance policy.
The first thing you have to understand here is you will need different insurance then what you get for a normal vehicle. If you want to do this right, the best option is to do a little research and find the companies that specifically offer vintage car insurance. This is considered"specialist" coverage, and the type you need depends on how the vintage car is used. If it's only driven to shows and exhibitions, then you need a different premium. However, if you drive it like a normal vehicle it needs regular insurance.
If you take the time to find the right policy for your car, it's extremely possible to save money on auto insurance for your vintage car. Just remember you shouldn't insure your classic under a standard insurance policy. Plus, you don't want to be driving it around like an ordinary vehicle if you purchased it as an investment.
One thing to realize is there are specific guidelines that need to be adhered to when insuring a vintage car. When looking for auto insurance for vintage cars, you should have been driving for at least 5 years. This will give you a much better quote then if it's for a teenager. Also, if you're over the age of 25 that will help as well. In fact, it should be easy to find vintage car insurance, since you are considered to be less of a risk.
When you insure a car, insurers will want to assess both your security and your driving skills before they will allow you to take out a speciality premium. You should have a car that is old enough to be considered a vintage vehicle and this standard will depend on the company that you buy your insurance from.
Most of the insurers today believe that vintage means'70s or older. It's also important to understand that the overall premium cost will differ according to the age of your vintage car. You should also have regular insurance as well, because you will need it before they grant you vintage car insurance.
Another thing they will look for is whether or not you are driving your vintage vehicle on a daily basis. This would be considered a huge risk, and you may be turned down. If this decreases in value due to the extensive driving, insurance companies will offer special premiums based on the actual cash value (ACV) of your car. However, it will also include the stated value (SV), and agreed value (AV) as well.
Let's say they do give you the auto insurance for your vintage car. If something occurs they will pay it, but it will most likely be based on an agreed value of the car. This means you both agree on the value, and still take into consideration the investment and maintenance. If they are happy after this is agreed upon, you will end up getting your vintage car insurance for that value. - 21396
The first thing you have to understand here is you will need different insurance then what you get for a normal vehicle. If you want to do this right, the best option is to do a little research and find the companies that specifically offer vintage car insurance. This is considered"specialist" coverage, and the type you need depends on how the vintage car is used. If it's only driven to shows and exhibitions, then you need a different premium. However, if you drive it like a normal vehicle it needs regular insurance.
If you take the time to find the right policy for your car, it's extremely possible to save money on auto insurance for your vintage car. Just remember you shouldn't insure your classic under a standard insurance policy. Plus, you don't want to be driving it around like an ordinary vehicle if you purchased it as an investment.
One thing to realize is there are specific guidelines that need to be adhered to when insuring a vintage car. When looking for auto insurance for vintage cars, you should have been driving for at least 5 years. This will give you a much better quote then if it's for a teenager. Also, if you're over the age of 25 that will help as well. In fact, it should be easy to find vintage car insurance, since you are considered to be less of a risk.
When you insure a car, insurers will want to assess both your security and your driving skills before they will allow you to take out a speciality premium. You should have a car that is old enough to be considered a vintage vehicle and this standard will depend on the company that you buy your insurance from.
Most of the insurers today believe that vintage means'70s or older. It's also important to understand that the overall premium cost will differ according to the age of your vintage car. You should also have regular insurance as well, because you will need it before they grant you vintage car insurance.
Another thing they will look for is whether or not you are driving your vintage vehicle on a daily basis. This would be considered a huge risk, and you may be turned down. If this decreases in value due to the extensive driving, insurance companies will offer special premiums based on the actual cash value (ACV) of your car. However, it will also include the stated value (SV), and agreed value (AV) as well.
Let's say they do give you the auto insurance for your vintage car. If something occurs they will pay it, but it will most likely be based on an agreed value of the car. This means you both agree on the value, and still take into consideration the investment and maintenance. If they are happy after this is agreed upon, you will end up getting your vintage car insurance for that value. - 21396
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posted by X - Men @ 6:00 AM
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