By Paul Townsen
If you have an older car that may be a classic or an antique automobile, you may not have thought about the need for special car insurance. This is particularly important if you are thinking about buying this type of car. First of all, you need to be sure that it meets the definition of a classic or antique car.
According to the Classic Car Club of America, automobiles built between the years of 1925 and 1948 can be deemed classic if they also meet other criteria, such as make and model. Antiques are automobiles that were built prior to the First World War, or before the year 1916. If you own such a rare car, then you are sure to want to insure it properly. Remember to check with a professional so that you are not paying more for insurance than you should be by trying to insure an old car as though it were a true classic.
It is important to discuss all of your options carefully with your insurance agent so that you will know that you have proper coverage. Most likely you will get a limited mileage policy. This limits the number of miles that can be put on the car during each year, but since your classic automobile is only out of the garage occasionally for those special occasions, this should not present any problems. However, if you feel you need a policy with more than 5000 miles, some car insurance companies will have policies with special provisions.
As you work with your insurance agent to set up your policy, you will want to be sure that you agree on the actual value of the car that the policy will cover. You want the cost of replacing or repairing the car to be covered by the insurance policy in the event that something catastrophic occurs. With these types of automobiles it is also quite common that the value may continue to rise year after year, so you should do a yearly evaluation to make sure that the policy coverage is raised as the value of the automobile increases.
If you are looking for cheap car insurance for your classic car, then you will want to do some things that can help to help lower your rates, such as driving all of your other cars safely so that you are accident free. Some insurance companies will offer a lower rate if you are a member of a classic auto club. Sometimes these clubs will have helpful information on companies that offer insurance for specialty cars. It is also a good idea to shop around for the best deal, since rates will vary from one company to the next. Doing a little research on the internet can help you make price comparisons.
Owning a unique car can definitely bring you pleasure and it may also act as a sort of status symbol as well. Whatever your reason for owning this type of car, it is important that you insure it properly against any kind of damage or loss. Don't just go with cheap insurance, make sure that you are fully covered, since that is really the point of getting insurance in the first place.
Article Source: http://EzineArticles.com/6342874
0 comments:
Post a Comment