Sunday, December 16, 2007

Classic Car Insurance

A classic car is much like fine wine or cheese, it gets better with age. Of course your classic or antique car goes right along with that line of thinking. I sure won't dispute the fact that they just don't make cars like they used to. So finding the right classic car insurance for your dream car can be a difficult task.

You really need to shop around to find out what kind of deals are out there. Some companies have plan's that are just for classic cars or just for vintage cars. They can be designed to compliment your existing auto insurance policy. Well then, choosing a plan for you will be as easy as determining whether your car is a true classic or a fine antique.

Of course most of these car owners feel their cars are classics. However a lot of insurance companies won't insure your classic vehicle unless it's between 15 and 30 years old. They are then considered a collectors item. They also can not have been modified in any way from that of the manufacturer's original specifications. Other things needed for the car to qualify for classic status. The vehicle must not have been driven for regular transportation. It must have been appraised in the past 5 years. Must have been given an up to date safety approval and photo. It also needs to be valued under $50,000.

As for antique vehicles, they follow the same criteria as the classic cars do, but have to be over 30 years old. Also these vehicles can only be driven in parades or at exhibitions. As well as it needs to have special historic value license plates. Remember you can reduce your premiums by combining other insurance policies with your classic car one. Remember prices will vary so shop around. You have a fine classic or antique vehicle. You want to show it off. So contact an insurance broker who can find you the best classic car insurance plan for your classic car or antique vehicle that you need and can afford.

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