You have a car that can be considered a classic. You take good care of it and you use it from time to time. You just know that you need to be extra careful because you do not have insurance for it. Your car needs to be enjoyed more and you can only do this when you get the right car insurance policy.
There are different car insurance companies like American Insurance that will offer the needed coverage for your classic cars. Still, there is a need to know more. You want to find out more details that will allow you to pick the one that is best for your needs.
Getting to Know More About Classic Car Insurance
You may be familiar with the conventional and usual car insurance. You may have it for your regular vehicle that you use on a daily basis. A classic car insurance will allow your car to be insured to its present cash value. This means that it may increase or deteriorate as time passes by.
It is required by car insurance companies that your classic car is not your primary car. This means that the classic car is not something that you should use often. If you use it going to and from work every day, your mileage will pass the 5000-mileage mark. When this happens, you will not be granted proper car insurance.
Not everyone will be considered eligible to get classic car insurance. There are some that will be rejected outright. How will you know if you are eligible or not? These are some of the things that you have to remember:
- You should be at least 25 years of age. There are some teenagers who have just gotten their driver's license who would like to get insurance for the classic car they may have acquired from somewhere but they will not be eligible yet. You need to be 25 and a good driving record is also a must.
- It is recommended that you already have 10 years of driving experience. If you don't, then you have to wait a little while before you will be granted proper classic car insurance by American Insurance or any other car insurance company.
- You should have a clean driving record for the last 3 years. If you have gotten into altercations too many times or there are some incidents when you are listed as the one at-fault, it will be harder for you to get approved for the classic car insurance.
- Take note that there are certain areas and states that will not allow you to drive a classic car. If you live in that area, there is no chance that you are going to get a classic car insurance even if you absolutely want to.
- The car that you are going to insure should be in mint condition. This means that it is working properly and you have all of the right documents to prove it. If your classic car is designed for off-road use, you may be rejected by the car insurance company of your choice. You need to show your vehicle in its best condition so that it can be approved.
Classic Car Insurance Cost for 2018
Take note that the car insurance amount will highly depend on the amount that is guaranteed by someone who would assess your vehicle. This means that if your insurance is for $27,000 then you will get $27,000. Of course, there may be slight differences depending on the car insurer that you will pick. The better your choice is, the better your coverage will be.
One of the best things about classic car insurance offered by American Insurance is that you are only expected to pay about 1/3 of what you usually pay for your normal car insurance. You can lower down the costs further by getting car insurance when discounts are being given by companies. Yes, companies that offer classic car insurance do offer discounts from time to time.