If you have yourself a classic car then you will definitely want to get it insured. Finding the right insurance company can be difficult if you don’t know what to look for. You want to make sure you have the right amount of coverage, and get the best rate possible. You can become a Car Insurance Hero with these simple to follow ideas.
Classic car insurance is a little different than normal car insurance, and the insurance companies know this. They know you won’t be putting as many miles on a classic car, as it will mainly be just for showing off or the occasional Sunday drive. They also know they are a lot more valuable. If they have to pay to replace it, it will cost them more money. They will take this into consideration when giving you a quote.
What will really determine what kind of rates you pay with classic car insurance will be on how much coverage you are looking for. They will usually have a few options for you to choose from. You can go with the actual cash value to be insured. This is what normal cars get, and if something were to happen you wouldn’t get nearly what the car is really worth. You wouldn’t be a http://www.carinsurancehero.co.uk with this option. The other two options are stated value and agreed value.
Stated value will cover how much you state the car is worth. This usually carries a higher deductible and higher monthly premiums. The agree value is what you and the insurance company agree the car is worth. This is what most classic car owners will go with, as it provides the right amount of coverage and doesn’t cost as much as the stated value option. Getting this option will fully cover your classic car in case of any emergencies.