Car Insurance Quotes Here

Falling into a designation of its own, classic car insurance is a policy to cover cars which are classed as classics. This is not a standard coverage comparable to that of a general family car insurance policy, it is something that offers complete and full coverage to cover their prized asset. But before your vintage car can be underwritten, certain criteria needs to be met in order to qualify.

An insurance company will consider a car which is over 15 years old to fall into the category of being a classic. This figure is not set in stone as some states in the US will require the vehicle to be over 25 years. The first step in finding out whether you can obtain classic car insurance is to check on the age requirement.

Much stricter quality rules will apply to classic car insurance, which expands beyond just the age of the car. Age of the driver along with an experienced record of driving needs to be held to get this special type of insurance. Annual mileage done in the vehicle will also play a factor, as there will be limits as to how many a classic car may do to be underwritten.

One other entry requirement to get classic car insurance will be how securely the car is stored. The Insurance company will want to protect its assets of your premiums, just as much as you will want to keep your car safe in the first place.

Value of the vehicle will also be important and this is something that will need to be agreed upon between the Insurance company and the customer. The usual rule of thumb is that both parties agree on that price which will be incorporated in the classic car policy. This figure is important because it will be the value at which the cover for your car will be set at.

The age of the driver will need to be at least 25 years in most cases with a minimum amount of years driving behind them. It is more than likely you will need to have a clean driving license too, with no offences. This is something that will be rigorously checked by the insurance company.

In regards to how many miles per year the classic car will be able to do, it may simply come down to the car itself. There is no set statute on this, as some insurers may permit up 5,000 miles annually, and others may allow a higher figure. The owner can also choose to have less mileage on their policy, which will help in reducing the overall premiums payable on a policy. The limit on miles covers general use and not activities classed as hobbies or pertaining to car clubs and shows.

Whilst insurance companies may offer classic car insurance, it may well be worth looking around to find a dealer which specializes in classic car policies. This way you may be able to get a lower premium as they will have expert and knowledgeable understanding of your car and the needs you have for it.

Not only does just owning a classic or collectible car instil a sense of gratification and pride, but some people even see their prized vehicle as an investment. Whichever is the case, then protection will be needed for a collector car, and this can manifest itself in the form of collector car insurance. This is important with these special cars, because parts will invariably be expensive and should any damage occur, then it is going to need a lot of expense to initiate repairs.

Collector car insurance is very different from the regular insurance policies which cover your family car. This is down to the valuable asset which the collector car is. Unlike regular car insurance, there will be a special set of rules which will need to be met in order to get your car insured as a collector car.

The main areas of criteria for getting a car insured as a collector concerns the age of both driver (along with qualifications) and of the vehicle itself. Mileage limits are also applicable as well as the security in storage that the car is kept in when not in use. These are the key components for getting collector car insurance for your vehicle. These are factors which make it specialized and so different from more orthodox forms of vehicle insurance.

Mileage Limitations.
In most cases the limit for a collector car is anywhere up to 5,000 miles annually. Some insurers may offer a higher mileage limit, but it will be dependent on individual cases. Mileage restrictions apply to general use only, such as commuting and commercial use for example. Activities which are classed as hobbyist, or traveling to and from car shows will not count towards the mileage limit. It is possible to set your own lower limit on annual mileage as this will reduce the cost of the premium.

Vehicle Age.
This is one of the most important components of a collector car insurance policy. Usually the age of the vehicle must be at least 15 years old, but other insurers and different states across the US may require an age of 25 years or more.

Driver Age and Qualifications.
The minimum age for being able to insure a classic car is 25 years old. This is not the only stipulation as there will be a need to have a minimum of nine years worth of driving experience as well. The insurance company, will more likely than not, want to see a driving record which is clean.

Vehicle Value.
The standard procedure for collector car insurance is for the two parties to agree upon a value of the vehicle. This varies from normal car valuations which uses a blue book market value to assess value and depreciation. A collector car will be an asset which could increase in value in time, so whatever price is set, will be the limit of what the insurance policy will cover in the case of total loss.

As with any insurance it is worth shopping around for the best deal. Regular car insurance companies may be able to offer you a premium, but be aware that there are specialized companies which deal in collector car insurance. These may be able to offer a dedicated and knowledgeable service which can meet your needs exactly.