A classic car auto insurance quote is often times very difficult to come by. A classic car is very difficult to ensure because they’re so hard to value, and also they’re highly targeted by thieves.
Also, generally speaking restrictions are applied. For instance, your car usually has to be at least 15 years old, you need a good driving record, and drive the car on a limited basis.
Even if you meet these requirement, you often times won’t be able to obtain classic car insurance, depending on your individual situation. Remember that these car insurance companies are taking on a lot of risk by insuring a classic car, and that’s why they are so stingy about who they accept.
However, don’t be discouraged; just because it is difficult to obtain a classic car auto insurance quote, you certainly still can get one if you are persistent. Here are some helpful tips to help you find the right rate insurance for your classic auto.
One of the biggest reasons the classic cars are so hard to insure is that they are highly targeted by thieves. Quite simply, classic cars have the highest theft rate in the country, making a very difficult and expensive to insure.
Also, another consideration is the valuation of the classic car. Obviously, most newer cars are easy to value, as you simply look up the look of the blue book value. Once a car gets past a certain age, however, they start going up in value again; this makes it very difficult to value.
Therefore, you probably don’t want to go with a regular car insurance company for your classic car. Try to focus on companies that specialize in only classic car insurance, as they’ll be more experienced to handle the difficult nature of this insurance.
In fact, there are many these companies, and finding them really isn’t that difficult. Some of the major companies out there are Hagerty, Norwich union, and Lelandwest.
You should probably take a quote from all three of these before making your decision, in order to find out which is the cheapest. Also, whichever one values your car the highest might be the best when you go with, because you get the most money in the case of a theft or accident.
The bottom line is this: it is very difficult to obtain a good classic car auto insurance quote today. However, don’t let that stop you. When you shop around and compare rates with every classic car insurance company, you will certainly be able to obtain the insurance you need.
If you are persistent you can certainly enjoy your classic auto and receive the insurance you deserve. There are few things in life as rewarding as fixing up and maintaining an older car; not only does it turn heads, but is a lot of fun to drive. Hopefully these tips will be able to help you get the best classic car insurance quote possible, and find the coverage you need to get you on the road now.