The 411 on Collector's Car Insurance

Classic cars and the men and women who love them are all part of an exclusive but rapidly growing community throughout the U.S. and around the world. It's not unusual for a die-hard collector to spend thousands of dollars on the renovation and upkeep of their car, and a vital part of protecting that investment is to ensure that their vehicle is covered with a strong, comprehensive car insurance policy. While over fifty percent of today's classic cars are covered under standard car insurance policies, many drivers are finding that collector's insurance offers them better coverage at a lower premium.

The Facts About Collector's Car Insurance
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????????? In order to purchase collector's car insurance your vehicle must be at least fifteen to twenty five years old. (The terms of a "collector's" vehicle are defined by state and insurance carrier.)
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????????? A collector's insurance policy will provide your classic car with the same protection offered to passenger cars through standard policies, but because their clients are at a lower risk for filing a car insurance claim these companies are able to offer that insurance at a lower premium.
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????????? One of the major advantages of choosing a collector's policy over a standard car insurance policy is your ability to decide upon an agreed replacement value for your car if an accident does occur and the car needs to be totaled. With a standard carrier you're at the mercy of their claims department to determine the car's value, a number that is often lower than you'd like to hear.
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????????? In an effort to lower the risk to their vehicles, most specialized collector's car insurance providers have strict criteria for their cars and drivers before they will knowingly approve an insurance policy. Drivers have to have a good driving record that reaches back at least ten years, have a garage that their car can call home a majority of the time, and restrict their use of their collector's car to hobby and pleasure drives to minimize the amount of time it spends on the road and in high risk situations.
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????????? Before a collector's policy will be approved drivers will be asked to affirm that they do, in fact, have a passenger car for each licensed driver in the house to ensure that your collectible vehicle doesn't become a primary mode of transportation out of necessity. (Teenagers often offer up a grey area that can be worked around if you prefer your new driver not have their own car and the freedom that goes with it.)
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????????? While it's unusual for a insurance provider to request an audit of your vehicle to ensure that it's properly housed and in the condition you state, it's unusual unless your car happens to be extremely rare or extremely valuable. Most of the time all you have to do is fill out the paperwork and you'll be good to go.

Contrary to popular belief, most collector's car insurance providers don't require you to jump through ridiculous amounts of hoops. Obtaining an affordable, dependable collector's insurance policy for your classic car offers you top notch protection at a minimum premium, making it the perfect choice to ensure that your classic car's in good hands both on and off the road.

Michael McDonough is a National Account Executive for QuoteScout.com. Since its launch in 1996, QuoteScout has been dedicated to matching consumer requests with insurance quotes from both local and national providers. For more information on insuring your classic car, visit them on the web at QuoteScout.com.