If you have a classic car, chances are good that you will struggle to find cheap prices on your insurance. The reason that it’s so darn difficult to find cheap rates on insurance for classic cars is because most of these vehicles have parts that are either: A) Extremely expensive to replace… and/or… B) Are extremely rare (i.e. difficult to find at most auto shops). Insurers know that the value of many types of classic cars is higher than an everyday run-of-the-mill vehicle, and they will end up charging more for insurance to justify the increased value. If you own a classic car and enjoy driving it, you don’t have to give it up just because you think insurance will be ridiculously expensive. There are some things that you can do to get a cheap price, or at least one that is within your budget.
Classic Car Insurance Companies: Who to Consider…
In comparison to regular insurers, you can usually get much better deals on your classic auto insurance through specialist companies. A few of the top companies for insuring a classic car include:
- American Collectors
- J.C. Taylor
If you do a search on the internet for each one of these companies, you can go visit their websites and read more about them to see what they specifically offer as far as coverage goes. I am not in the position to recommend one over the other’s because I do not personally own a classic car – so make sure that you do your own research and find out which one is best.
What Type of Coverage Should You Get? Recommended: Fully Comprehensive
It is all up to you when deciding how much coverage you are going to get for your classic car. Most people end up getting fully comprehensive coverage for it because they cherish their classic autos and really put a lot of work into making sure that they look good and drive smoothly. Although some classic and antique car insurance quotes may be high priced, you can always shop around to see which place offers a rate that is most affordable.
How to Get a More Reasonable Premium for Your Classic Cars
There are some pretty straightforward things that you can do to save money on a premium for your classic vehicle. One very easy thing that you can do is to store your classic auto in a protected garage when you are not driving it. Insurers usually want to make sure that you have taken the time to set up good security as well for your vehicle so that nobody steals it or vandalizes it without being held accountable. Most classic autos can be modified and fit with better security than what they already have.
2. Seasonal driving
Another thing that you can do get a cheaper insurance rate is to only drive it during a few months out of the year. If you drive your classic all year, you will have to pay for insurance coverage for the full year. However, if you only drive your vehicle during the summer months of June, July, and August, you can buy some seasonal coverage so that you don’t have to pay for the full year’s worth of insurance. Always check with your insurer to find out more ways in which you can save money and get the cheapest classic car insurance policy available.