There are people who collect classic cars, which can be a very expensive hobby. This is a hobby that needs to have adequate insurance on just in case something should happen to one or more of your Vintage cars. One of the first things that you need to do is contact the insurance company and tell them you want to get a classic auto insurance policy. If the insurance company does not carry this type of insurance, ask the insurance company to recommend a company that specializes in this type of insurance policy. This specialized insurance company will help you determine just how much you need to adequately insure this type of Vintage car. Your classic car may be worth more than you originally thought.
The reason that it might be advisable to put your classic car insurance through a company that specializes in classic auto is that this type of insurance has many different mileage plans, which means how many miles you will be driving your classic to in a years time. Most of these plans include rates for 1.000, 3,000, and 5,000 mile plans. This mileage includes the miles you drive to showcase your car in various Vintage car shows.
When you use a specialty insurance company for your Vintage car, there is no vehicle age limitation. This means that you can get insurance coverage on your classic car no matter how old your auto is.
Vintage car insurance will insure all different kinds of collectible cars because some collectors have a variety of collectible cars. To help you decide if you need special car insurance, look at your Vintage cars, and if any of them are antiques, race auto, street rods, or replicas of Vintage auto, you will probably need special classic car insurance.
When are figuring out how much insurance coverage you need, you need to think of the actual market value. Their value changes frequently so you should make sure that your insurance coverage reflects these changes. For example, a Vintage 1967 car may have cost your around $35,000 a few years ago, but once it is restored, it may bring over $200,000 at an auction so this is why you need to make sure that your policy reflects the actual market value. If something should happen to this classic auto you want to be paid the actual market value and not what you actually paid for the car.
If you have a classic car that you like to take to car shows, make sure that you have the adequate insurance, which could include it getting damaged at the auto show.