Antique Auto Insurance For Those With Good Taste
by ROB GORMLY
Are you one of those lucky antique car owners? Do you like going to local meetings were people display their antique cars. Maybe you like to take your antique car to parades or national car shows? If so, how do you have that car insured? Are you paying for insurance coverage you don't need.
There are many reasons people buy and keep up antique cars. Most of the time people have antique cars to show off to their family and friends and to ride in it during the Christmas parade. You may not be driving it other than that. You want to keep it in excellent condition and do not want to risk getting it scratched and maybe they are not the most gas efficient cars. Just because your car is over 25 years old does not make it a better car a more efficient car. If you treat you car as a true antique, you may get a big break on the insurance.
There are special antique auto insurance policies you can get for your antique car. They often have some restrictions such as having the car secured in a garage and that it can not be used for pleasure drives. They must only be used according to what the policy allows.
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.
It's also important to realize that there is a difference between antique auto insurance and the coverage provided for vehicles such as "muscle" cars, racing cars, and even what you may call classic cars. Most antique cars need to be 25 years old or more, whereas classic cars may be only fifteen years old. Also, it may be assumed that muscle cars and racers will be used more often and may pose more of a risk for accidents - most who own cars like this know how tempting it is to start racing it or showboating just a little.
If you shop around you should be able to save yourself hundreds a dollars a year by buying the right antique auto insurance policy for your beloved car. The insurance company does not have much risk because the car is kept in a safe place most of the time. Because of that, they don't have to charge you a huge annual premium.
Before you make next year's car insurance payment be sure you get 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! This and other unique content car insurance articles are available with free reprint rights.
