Get Help To Find The Cheapest Classic Car Insurance Quote

Buying Best Insurance For Classic Cars - Important Features To Look For

Before you are out to research various options on car insurance for classic cars, it is important that you assess the exact type and extent of coverage you will need to get your antique vehicle insured. For getting a better understanding of the subject, the following information may be useful.

• Agreed Value vs Stated Value – There is a difference between agreed value and stated value. The entire concept of classic car insurance revolves around agreed value. Most of the companies normally provide cheap classic auto insurance coverage after reaching an agreement on the vintage car’s market price which is known as the agreed value. You could be entitled to get the promised coverage amount minus the deductible if your antique vehicle gets totalled in an accident.

Few insurers may agree to pay the classic car’s stated value or actual cash worth, whichever may be less, if the vehicle gets totalled in an accident. Read the fine print of your contract agreement and make sure what is promised.

• Restoration Coverage For The Car – You may need to purchase this feature if you are planning to restore the glory of your classic vehicle. Many companies provide this type of coverage for classic cars but you must make sure that the agreed value of your vehicle also increases with modification or restoration work.
• Special Coverage For Spare Parts – Insurers may also offer special coverage for repair/replacement of classic car parts and components. Antique car parts can be highly expensive and so it is desirable to buy coverage for spare parts.