The owner of an antique car is usually very proud of their possession and would never consider not insuring it for its full value. With such interest in old cars you will not be surprised to learn there are antique car insurance companies that take a particular interest in insuring this type of vehicle. By having a wide variety of auto insurance companies to choose from, the classic car consumer has the ability to choose the right type of insurance for their needs.
Mainstream auto insurers are also now able to provide this type of insurance for antique cars which they have a name for; 'collectors auto insurance'. Operatives for these companies can take all the details of your car so they can tailor make the policy to fit the car. Your level of cover will depend on how much you can afford but it is possible to lower this by arranging for your deductible to be raised above the minimum set by the insurer.
Large insurers may not specialize in antique car cover but they are usually old and trusted with a large customer base which is important when you are insuring your precious possession. These large companies are also able to insure your modern car at the same time and may even have a discount scheme for multiple policies. Antique car insurance with larger companies that do not specialize in this type of policy may be more expensive but this is often worth the extra as they are well established.
There are also many independent auto insurers available to purchase car cover for an older car and these tend to specialize and will not insure any other types of cars. Some of these independent insurance companies will only insure a particular type of classic car, so if the car you are attempting to insure is a rare one, it may be difficult to find a provider that will insure it.
To be on the safe side it is best to check out any insurance companies, especially the smaller ones so you can be happy in the knowledge that your premium money and antique car are not at risk. The fear for people using a small independent car insurer is when they may need them to pay out for a claim and get a rejection or find they are filing for bankruptcy.
Although it might seem like hard work finding an antique car insurance company that you feel happy entrusting your antique car with, it is far better than not having the car insured. Most classic cars are worth many thousands of dollars and that is a big loss if the car is ever stolen or destroyed so having auto cover may be the most valuable protection you ever purchase.
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