Antique Auto Car Insurance: A Policy Checklist

Antique auto car insurance is an incredibly important subject when dealing with the large monetary and emotional value that surrounds most classic cars. There are several points you should look at when shopping for an insurance policy to ensure you are getting the amount of coverage you need.

Is Classic Car Insurance Part of Their Standard Product Offering?

Antique cars are not like your neighbor’s Honda, and their value likely extends beyond the usual model year and brand value estimates. Be sure the company understands the exact car they are giving you a quote for.

Are There Mileage Limitations?

Some companies may limit mileage based on the level and type of coverage. Be honest about how many miles you’ll drive, and choose a policy that wont end up preventing you from enjoying your car.

How Do Modifications Affect Coverage and Rates?

While some companies may consider any change from a car’s dealer delivered state a modification, others may be more lenient, requiring extensive frame, drive train and suspension changes before considering changes a modification. It is important to know the extent changes that may be done before altering your coverage.

Storage and Driver Restrictions

Some companies may take into account all of the drivers in a household when calculating premiums, while others may assume you are the sole driver. In addition, many policies may specify that the car on the policy be stored in a locked garage or secured facility. These restrictions may dramatically change the costs of a policy, so the goal is to strike a compromise between cost and convenience.

Is Electronic Payment Accepted?

As the value of a car goes up, so does the importance of ensuring consistent coverage. Mail gets lost, and should something happen during a lapse in coverage, the results could be disastrous.

Antique car insurance can feel like a juggling act, but finding a policy that will allow you to get the coverage you need, without spending a fortune is worth all of the time and effort involved. Your car is special. Your policy should be too.