Antique and Classic Car Insurance

3 years ago classiccarsworld24 0
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You and your vehicle will have to meet certain standards in order to purchase antique and classic car insurance. A very important standard is that you have a good driving record. Probably one or two minor violation might be allowed in order for you to qualify. Once upon a time, a car had to be twenty-five years or older to be qualified for classic car insurance. Since antique car collecting has become more popular, cars that are at least 25 years old are considered vintage, but cars that 15 years or older are now considered for vintage insurance. However, cars that are even newer than 15 years are accepted as long as they are considered rare. It is best to check with the insurer to see if your car qualifies.

Your classic vehicle is not expected to be you main means of transportation by insurance companies. You will have to show that you and other drivers in your household have another vehicle to satisfy your daily driving needs. Your antique vehicle is expected to be driven on a “pleasure only” basis by your insurer. Insurers will limit the amount of miles you can drive each year. Twenty-five hundred miles seems to be the average amount of usage for classic cars, but antique classic car insurance companies offer the option of five thousand miles.

Many companies require that the owner have at least five years of driving experience. However, some companies may require the driver to have ten years of experience. Others expect for the driver to be at least twenty-five years of age. As with most insurance companies, security of you vehicle is very important. Most companies will require you store you vehicle in a garage when it is not being used. Others companies may even require a security system. Since antique and classic car insurance has such restrictions, it is less expensive than standard car insurance. Liability coverage for you vehicle can cost less than one hundred dollars per year.

The portion of your policy that covers theft, vandalism, and fire will cost you a bit more. It is estimated to be about one percent of the total value of your car. In other words, if your car is worth $120,000, you can expect to pay $1200 for comprehensive and collision coverage. Remember that other factors come into play such as where you live, how often you drive the vehicle, and the type of vehicle.”