Classic Cars And Insurance
Insuring a classic need not be as expensive as owning and maintaining it
. Maybe you"re finding that difficult to believe because, if you are owner of a classic car, you know how much time and money you put into reviving and maintaining your pride and joy. But the fact remains that your antique car insurance does not need to burn a hole in your pocket.There are one or two simple reasons why. One of them is that older cars are generally cheaper to insure since they are, well, older. It is also true that most classic or antique car owners do not drive their prized possession everyday to the supermarket or to work. If you own a classic you"ll know that you keep your classic safe at home and only take it out on special occasions or for specific purposes, that is, for pleasure drives or shows. Since driving miles are fewer when it comes to classic cars, the risk factor comes down. In addition to this, all classic car owners tend to maintain their cars well and this adds one more reason for you to believe that it is possible for you to find budget-friendly classic car insurance.
Now that you"ve read some basic reasons for why classic auto insurance can be affordable, here are three things you should remember which will help you find budget-friendly antique car insurance.
1.Find a company that specializes in classic auto insurance. Many regular car insurance companies may not have the experience and expertise that is needed to deal with classic cars and this means that you will lose out if you ever have to make a claim. Insurance companies that specialize in classic auto insurance know exactly what they need to do and will be able to offer you special deals or packages that are specially suited to your needs. This saves you time and money.
2.Ensure the policy is an Agreed Value one and not an Actual Value one. In an Actual Value policy, the insurance company usually decides how much your car is worth at the time of loss and you get that. All the money you put into the policy is wasted if you do not receive an appropriate amount in the event that your car is damaged or stolen. If you do not agree with the amount, you will have to employ the services of a lawyer to dispute the amount which will add to your costs. In an Agreed Value policy the amount you receive in case your car is stolen or completely damaged is the amount stated in your insurance policy.
3.Make your policy as tailor-made as possible. The cost of insuring a classic car depends on its model, engine size, mileage, etc. The insurance company you go with should be able to customize your policy to fit your requirements so that you are not paying for something you do not have to pay for. A good example is whether you take your classic car out of your city or country for antique car shows. If you don"t do this, there is no reason why you need to pay more for this. Another example is a clean driving record with no major violations. Make sure that your policy recognizes this and takes this into account. Some companies will offer discounts if you have a clean driving record.
Now do you see why you don"t have to pay as much for your classic car insurance as you may have thought? You really don"t have to spend sleepless nights over the price you have to pay to protect your pride and joy. Deciding which policy fits you and your classic car the best is in your hands.
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