Do You Need Insurance For An Antique Car? | Insurance

By RobGormly
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You may be one of those lucky few that have a mint condition antique car. Are you paying too much for your insurance coverage? Are you paying as much for your antique car insurance as you are your regular insurance? If you are then you are paying way too much.

Antique cars have special insurance policies because they are not used like everyday cars. They are usually stored away safely most of the time and only taken out for special occasions, like parades and car shows. Heaven forbid that they get mud or grease on them from driving on a sloppy day or speeding down the highway. A few finger prints is about all they can handle. To offer their special rates, antique car insurance policies are packed with restrictions and requirements.

Since the parts and cars are virtually irreplaceable, the antique auto insurance requires the person to make sure the car is secured. This means that they must not be just covered with a tarp in the yard. They must be in a garage and secured. This protects from damage and theft.

You first need to think about how often you're going to drive that car and how it will be stored. Most companies that provide antique auto insurance require that you disclose how often and how far the car will be driven. For instance, some very old cars are used only in parades, exhibitions, club activities, and other such limited functions. They are not used for "joy rides" or anything else. Your carrier for your antique auto insurance may dictate how far the car can be driven and how often it can be taken out. They may also state quite clearly that the car cannot be driven for personal use.

Some people confuse classic cars and antique cars. Antique cars are much older than classic cars. Classic cars only have to be 15 years old where antique cars have to be at least 25 years old. Muscle and kit cars are also different as they are used for racing speed and leisure. Antique auto insurance does not cover these muscle cars because they are at higher risk for being damaged.

You need to shop around and ask questions when look for good antique auto insurance. It should not cost you an arm and a leg because antique cars are to be displayed and not used much; therefore the premiums are much lower than even regular car insurance. You must abide by the stipulations of the antique auto insurance or you may not get the full benefits and coverage of your policy.

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Before you you make your next car insurance payment be sure you look at Rob Gormly's great report on how to save 10% to 30% every year on your car insurance payment with the information your broker doesn't want to tell you!

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