Compare Kit Car Insurance
Are you thinking of buying a kit car? Maybe you should consider how you’ll insure it first. Kit cars are special and as a result, they demand special insurance. We know that you have spent a lot of time and energy building the perfect kit car. For this reason, we want to make the process of acquiring insurance easy.
Kit Car Insurance While Constructing
As earlier stated, this is a very special kind of car and the insurance is equally special. You need insurance coverage for this vehicle in the process of construction. Some of the stages are explained below.
Build Up Cover
This kit car insurance means you are protecting the individual parts of your vehicle as they are being built. Majorly, you are preventing the occurrence of theft, fire, and any form of vandalization. There’s a kind of general rule which states that the insurance policy would be around 1-2% of the car’s value. However, there are ways to get cheaper kit car insurance.
Goods in Transit
This is another way by which you can cover your kit car in case any unforeseen incident occurs while transporting the parts of your vehicle, you can make claims. These incidents include damage, theft, etc. and as you know, the parts are often expensive to purchase.
Kit Car Insurance After Construction
After the construction process, you can proceed to compare cheaper kit car insurance and then settle on an agreed value for your vehicle. The uniqueness of kit cars means there’s often no fixed price for these negotiations, hence, there are various factors to consider.
Some insurance companies have their valuation department and this might make the agreed value in your favor or not. It is always best to compare kit car insurance quotes online to see what works for you. It is also important to note that the value of these kit cars doesn’t depreciate like a normal car does, on the contrary, it increases with time.
Salvage Retention Rights
After you compare kit car insurance, you should endeavor to find out if the insurer offers salvage retention rights. In the event of an accident, it is possible that certain expensive parts are not damaged, hence, they can be salvaged. If you check well, your kit car insurance might just include this term.
Getting Cheaper Kit Car Insurance Quotes
Building the Kit Car Yourself
Even though kit car companies offer to build the car on your behalf at a cost, getting the job done by yourself will lower the cost of the insurance. Insurance companies assume there’s no real attachment or value since you had no input to building the car. It might also help if you join a kit car club. Doing this portrays you as a careful driver and the insurance companies rate careful drivers highly.
Reduce Your Mileage
This is a normal standard with car insurance and it applies to kit car insurance too. The less time you spend on the road, the lower your chances of being involved in an accident. Also, kit cars are generally seen as leisure cars so they are not expected to be driven for long.
Beef Up Security
There are several gadgets you can install to prove to the insurance firm that you are particular about securing your kit car. Alarm systems, immobilizers, dash cams, etc. are all applicable here. It might also help if you regularly park your kit car in secure locations like garages rather than sidewalks.
You can compare cheap kit car insurance quotes here.
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