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Compare Classic Car Insurance

When we talk about collector cars, it is often a very emotional and valuable piece in the owner’s garage. These cars often have a wealth of history in them. For this reason, it is often painful to lose this investment. It is worth mentioning that classic car insurance will save you from the stress and cost.

What is Classic Car Insurance?

With traditional car insurance, reimbursement means you will get the actual cash value of your car and this factors in depreciation. However, classic insurance gives you a mutually agreeable payment, compensating you with an appreciable amount of money commensurate with the value of the car.

Like a landed property, classic cars increase in value. If you take extra time to care for and maintain them, you really should compare classic car insurance and get value for your money. This article will provide you with the ultimate guide on classic cars and getting cheap classic car insurance quotes.

What does Collectible Car Insurance Cover?

Typically, this coverage spans 12 months and accounts for liability, collision, medical payments, etc. other options offered by classic car insurers are explained below.

Roadside Assistance

When you compare classic car insurance and get the adequate cover required, you can get your car towed with a flatbed tow if a breakdown occurs in transit. This is to prevent your beloved car from getting wear and tear in the process of taking it to a repair shop.

Traveling Coverage

Often, many owners compare cheap classic car insurance quotes and get a plan because of this offer. If your vehicle breaks down, you will be reimbursed for food, rental van, and even your personal items.

Spare Part Coverage

Backup parts such as water pump, and even spare tires, if available at the time of getting classic car insurance, are included in the cover. This means that coverage will be provided if they get stolen or damaged. However, when you compare classic car insurance and eventually get the cover, make sure you state the backup items available clearly.

What Makes You Eligible for Classic Car Insurance?

A collectible car is not a car to be used as a primary means of transportation. If your classic car serves this purpose, you might be denied insurance. Also, there are strict restrictions on the annual mileage, for most insurance brokers, it does not exceed 7,500 miles yearly.

If you are not 25 years old, you might also be refused classic car insurance. Similarly, you must have 5 to 10 years of driving experience to be considered eligible. You might also be required to ensure the safety of your classic car by parking it in a fully enclosed garage or any other approved structure.

Compare Classic Car Insurance Quotes Online

You might qualify for a discount on your classic car insurance without knowing. For example, if you have more than one policy with the carrier, you are entitled to a form of discount. It might also help if you have maintained a clean driving record with no history of accidents or claims in the past few years.

If you equip your classic vehicle with an anti-theft device such as security cameras, lock gadgets, etc., you also qualify for a discount.

In essence, you should compare cheap classic car insurance quotes online to have an idea of what to budget for your beautiful collection.

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