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Car Insurance For An Antique Car
Getting Car Insurance for an Antique Car
Antique cars and customized collector's cars are a popular hobby. But traditional car insurance company policies only cover the blue book value of a car. For this reason, hobbyists who wish to have comprehensive coverage must find specialized car insurance for an antique car. Fortunately, there are insurance companies licensed in most states that provide specialized car insurance for an antique car. In fact, in most states there are enough of these insurance companies competing to provide the consumer with good choices in coverage.
Car Insurance for an Antique Car from Traditional Insurers
Many of the large insurance companies have specialized divisions to handle car insurance for an antique car. This insurance is often referred to as collector car insurance, as it can also apply to modern cars that have been highly customized and upgraded. Sometimes a regular car insurance agent will be able to get you a quote and sometimes they will refer you to a specialist in the company for you to get your quote.
One advantage of using one of these traditional insurers is that you know the company you are dealing with and what kind of reputation they have. If you insure your other cars with the same company, you may also get a significant multicar discount on the car insurance for an antique car. If you do not get a multicar discount, the insurance may be more expensive than that charged by a specialty insurer. Also, you will have to be sure the policy gives you enough choice of replacement parts and repair facilities to meet your desires, as traditional insurers often include provisions in their policies that allow them to choose the cheapest replacement parts and repair facilities. Hobbyists are usually quite picky about who they let touch their cars.
Car Insurance for an Antique Car from Specialized Insurers
Buying car insurance for an antique car from an insurer that specializes in collector's cars provides you with insurance tailored to your needs. It also improves your chances of dealing with a company that understands your car and what you want for it. Some of these companies may be so specialized as to deal with only one line of antique cars.
The difficulty in dealing with these specialized insurance companies is that you may not know anything about how reliable they are. However, other hobbyists in your area will usually love to talk about their cars and can be a good source for information about insurance of antique cars. It is important that if you are paying for comprehensive car insurance for an antique car that the insurance provider really comes through for you when you file an insurance claim.
It may take you longer to search for car insurance for an antique car than for regular car insurance, but if you are a hobbyist who likes to drive your cars as much as look at them, it is a necessary search. Specialty insurers are aware that you are not going to be putting major miles on your prized antique cars and the insurance rates should reflect your driving habits just as much as they reflect value of the car.
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