Vintage Car Insurance – How to Find the Best Rates

Should you have a vintage car then it probably cost you a lot of money. The majority of people who buy vintage or classic cars do so but not only because they like them, but because they see the vehicle for investment. Once you have spent thousands, if not hundreds of thousands of a large amount on a vintage car, you need to be sure that you have the right kind of insurance policy.

When you are shopping for car insurance you’ll find that the type of insurance you would like will be different to that for ordinary cars. Once you start looking you may try and find an insurance company that specializes in insuring vintage cars. Old-fashioned cars require specialist coverage. The type of coverage you will need vary very much on how your car is used. You will need a different kind of insurance if the car is only driven to specialist shows and exhibitions, than you would if you drove your vintage car or truck like a regular vehicle.

Providing you take the time to look for the right type of policy for your car, then it is possible to save money on best car insurance for 17yr olds. You must not insure a classic or vintage car under a standard policy. If you have bought your car as an investment piece then you have a tendency want to be driving it around in the same way that you would an average car.

There are guidelines for insuring different types of vehicles and you should be familiar with these before you insure your car. If you want an insurance firm to give you a good quote for your vintage car then you should have been driving for at least five years as insurance companies need to protect your asset as much as you do. Providing you are twenty five or older it should be easy to find insurance for your vintage motor vehicle as insurance companies will look on you as less of an insurance policies risk than a younger driver.

When you insure a car, providers will want to assess both your security and your driving skills before they will allow you to take out a speciality premium. You should have a car that is old enough to be considered a vintage vehicle and this typical will depend on the company that you buy your insurance from.

Some insurance carriers will only give vintage status to cars that are 19 seventies vintage or older. You should know that policies will probably differ depending on the age of your car. Another thing that insurers can take into consideration is whether you have an insurance policy of an ordinary car prior to they grant you a special policy.

If you do tend to commute a vintage car on a daily basis then insurance companies may regard this car as too much of a risk, as the more a vehicle is driven the sooner it is likely to deteriorate and lessing of value. Insurance companies offer special premiums based on the actual cash valuation (ACV) of your car, the stated value (SV) along with the agreed value (AV) of the vehicle.

When you give the insurer a value for your car they will pay it but they could not insure you for the stated value. Most vintage automotive owners get their insurance on the basis of an agreed value of your car. This means that they will agree with you a value for your car as well as take into consideration your investment and any maintenance, and then they offer you a policy for that value.