The classic car lovers know that it is important to have the insurance cover for their prized possession to keep it protected against any damage or theft.
The first and the foremost important factor that helps in considering the insurance cover for the classic car is its age. The classic cars manufactured between 1940 and 1970 are categorised as classic auto whereas cars made before 1940 are labelled under old car category.
After the check of car age, look out the ranking given by your insurer to the classic car. The rating does not affect the insurance cover, as it remains same for every classic car from the classic car insurance company. The classic cars available in millions will get cheaper insurance rate as compared to any rare one as it is difficult for the insurance company to manage the repair cost and spare parts in the event of any collision. That is why, a Ferrari 1960 33 TRI / LM will have higher insurance quotes as compared to a 1920 Ford T car.
The restrictions will be a big part of your classic car insurance policy so it is better to talk with your agent to know about the actual cover for your classic car. The insurance of classic cars might restrict the car usage to just Sundays and holidays or any special event but the classic car owner who loves to take out the car wishfully needs to clarify the usage terms with the insurer to fulfil the wish.
The car parking also influences the car insurance cover, as most of the car damage other than road happens in parking zone so the insurer will prefer the classic car parked efficiently. The insurer perceives the car well parked in the home garage as safer and you will get its benefit on your classic car insurance policy. The car drivers with speeding tickets must be avoided to add on your insurance policy for classic car, as it will hike the insurance premium of your classic car.
