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.