Is classic car insurance cheaper?

Sue

Classic car insurance is very cheap, but due to this they have STRICT regulations. To insure the vehicle on a classic policy, all drivers in the household must have a primary use vehicle (one car for each driver) that is NOT the classic car. The classic car must be used primarily for car shows & parades & normally has a maximum annual mileage limitation of about 2500 miles. It CANNOT be used to drive to & from work.
So, if this will be your primary vehicle, you must insure it on a regular auto policy. Due to the age, if you want comprehensive & collision coverage (which I'm sure you do since I'm pretty sure you didn't get this cheap), you will have to have an appraisal of the vehicle (by a classic car expert) and insure it with a stated value. This is the maximum they will pay for the vehicle (for a covered loss less the deductible & they can pay LESS if the condition of the vehicle warrents this) so if the value keeps going up, you will have to have it appraised regularly and keep increasing the stated value on the insurance. If you do stated value, some companies charge as if it was a new model year (as an example - if the car is worth $20,000, they will charge you premiums like a 2007 model worth $20,000 because the year of the car figures into the rates).
Call around, get rates. Ask your current insurance company.

harley47117

I have a '65 Ford p-u that I pay classic car ins on. It is only $50. every six months. The only down side is you are only supposed to drive it 3,000 miles a year. I carry ins through State Farm

dodge man

i had it on a older model dodge and it only cost me around 138 bucks a year,and they said drive it any where i wanted to,but there was limitations on the type weather you could drive it in,no snow,and no bad weather,but other than that i drove it all over the place,they didn't care about the mileage though,it was grundysinsurance.com.was who i had it with,its good insurance to have and it had full coverage on it also,good luck with it hope this helps.

ness0059

If it is a 'fixed' up classic car...I would have the car appraised and then insured for the amount that it is appraised @...if not you would be purchasing liablity insurance only and the does not cover the damages on the car but the damage that is done by the car...if another driver is @ fault then they would only pay the blue book value...I have an 87 Chevy Blazer that was restored and 'fixed' up...my agent advised that was the best way to go...~V

henrysol

it depends on what kind of insurance you are looking for if you want basic liability (actual cash value) its cheap but if you want a stated value policy which will basically cover what you put into the vehicles worth, will cost more so it could run pretty high.

juhimylove

please try this
<a href="http://www.jdoqocy.com/click-17481... target="_top">help!</a>
<img src="http://www.tqlkg.com/image-1748196-...

Enter Your Message or Comment

User Name:
User Email:
Post a comment: