Antique car insurance can
be either very similar or very different from regular car insurance.
Regardless of such differences, the worst thing you could do is not
insure your antique car at all.
Usually, when people buy
antique cars or antique
trucks, they do not intend on driving them very often. In fact,
many people buy and sell antique cars as a hobby in an attempt to make
a little extra money. If you are not going to register the car nor drive
it, then obviously you won't have to pay as much for antique car insurance.
However, this is not recommended.
Another thing many people
do with their antique cars is store them until they become antiques.
Once again if you are storing a car then there is no immediate need
to insure it. The only insurance you may want to get would cover the
glass or body which could get some dinks from the wind or anything else
throughout the time you are storing the car. In this case your antique
car insurance will still be very low.
Possibly the most pricey
thing in terms of car insurance is liability. If you were to hit somebody
else's car, you want to avoid having to pay those expenses. Liability
may also be the most important part of your car insurance, but not with
antique car insurance. This is because anybody who owns an antique car
does not depend on it for their everyday travel. Antiques cars must
be at least 25 years old to be considered antiques, and I don't know
anybody who would risk driving to work everyday in a car 25 years or
older. In fact, once the car is registered, some states limit the amount
of miles that an antique car may be driven. Other states only permit
antique cars to be driven in parades or for car
Even if you want to take
your antique car for a spin every once in a while, it isn't very likely
that you will be driving on the highway or anywhere faster then 25 miles
per hour. Nevertheless, you may still want to be covered for liability,
just in case.
If you decide to insure your
antique car there are a few qualifications that most companies demand.
One of these qualifications is that if any modifications were made to
your car at any point, you need to provide a detailed analysis of what
exactly was done. Antique car insurance companies want to make sure
they know everything about the antique car that they are insuring.
Another main qualification
is an excellent driving record. Some companies do not cover your antique
car if you have had more then one at-fault accident or traffic violate
in the last three years. Antique car insurance companies also tend to
do business with antique car owners 26 years or older. They also require
your antique car to be kept in a lockable garage when you are not driving
it. Furthermore, they will not insure your antique car if it is your
main source of transportation.
As in all car insurance aspects
one of the major things to keep in mind is just how important a good
driving record is. Since antique cars are more rare and delicate, some
unusual precautions are included with most antique car insurance policies.
With antique car insurance there is little room for error, which is
something you should definitely keep in mind.
Classic Car Values