Most antique car owners want to keep their cars pristine and in very good condition, which makes car insurance for antique cars a necessity. If you are the owner of an antique car, here are some tips on how to look for cheap antique car insurance. Generally, antique car insurance policies are cheaper compared to policies for newer models because antique cars tend to be cared for better compared to newer models and are driven far less often.
Look for insurance specific to your type of car. There are insurers that are offering basic coverage but you can also look for policies that cover specific areas that are unique to your car.
Take out an agreed evaluation.
An agreed evaluation is the amount that will be paid should your car be reported stolen or written off. Ensure that the evaluation is guaranteed as most insurance providers won’t pay out when the evaluation is not guaranteed. You may be required to pay an extra charge for the evaluation, but this is a small price to pay for ensuring that you get paid on time.
Opt to increase the agreed evaluation each year.
The value of classic and vintage cars rises each year and upkeep and maintenance as well as the accessories also increase year after year. This is a reasonable request that most policy providers agree to. Switch providers if your present provider does not raise your evaluations for each year.
Consider a limited mileage policy if you are looking to save money.
You can always ensure your policy provider if you require a higher mileage limit. This policy is perfect for vintage car owners who rarely take their cars out for a spin. To get a lower quote, a good idea would be to go to a specialized broker or an intermediary.