Author Box
Articles Categories
All Categories
Articles Resources

How To Save on Collector Car Insurance

April 16, 2012 | Comments: 0 | Views: 142

Classic or Antique cars have been noted to increase in value even when the whole economy is down in the dumps. Collecting antique cars never goes out of style and only people who collect really understand how irresistible the next buy is. But collecting classic cars is an expensive hobby and part of that is because of Antique car insurance and it's imperative to find a way to shave off some of that premium.

But why is classic car insurance expensive? Well, to qualify as a classic car, it has to be over 25 years old. It has to be rare. It has to be beautiful to look at. And it has to have some interesting feature about it in some way. These rare, beautiful and interesting cars are more expensive to insure because they are usually more susceptible to break-down and/or theft and their parts (that are hard to find) are usually expensive. So how can you save on collector car insurance?

1. Buy the right insurance:Remember to not insure your car for actual cash but instead for stated value or agreed value with the insurance agency.

2. Low-mileage leeway: Try to get low mileage discounts because anyway you don't intend on driving the car long distances. Insurance agencies might ask to show proof that you own a garage to store the car, your odometer logs at the start and end of a month and proof of another car that you plan on using on a daily basis.

3. Discounts for American Association of Retired Persons: Most companies that offer classic car insurance quotes will ask for you to be over age 25 or older and being an older driver will work in your favor when it comes to antique car insurance. The American Association of Retired Persons offers discounts for people age 50 and over on even collector car insurance. They can afford to give lower insurance rates because of the lower group rates they get from The Hartford Insurance Company.

4. Higher deductible: As with any kind of insurance, if you choose a higher deductible your premiums will be lower. Also remember to keep your credit score healthy, so that your insurance premiums stay low.

5. Multi-policy discounts: Also if you can buy collector car insurance and insure other cars and your home on the same policy, you might be able to get a nice discount!

I hope this information was helpful as you search for affordable collector car insurance. There's great pride in having spent hours and hours of time restoring your antique car and being able to drive it around. You want to guard that asset well and so you should not skimp too much on insurance coverage. Shop around and get quotes online to compare. Find a company that will be willing to talk through and really understand your car, where it stands and what kind of coverage it needs. There are many insurance companies that specialize in collector car insurance and few can compete with the rates you can get through the American Association of Retired Persons.

About Author: Bethany Collins is passionate about reading and writing short stories. She is fond of trekking and travelling to new places. She has written articles on varied subjects for the last 5 years. Some of the topics include stock markets, motorhome insurance and rv insurance.

Source: EzineArticles
Was this Helpful ?

 
0
 
0
 
Rate this Article
 vote(s)
Feedback
Print
Re-Publish

Article Tags:

Antique Car Insurance

,

Collector Car Insurance

,

Classic Car Insurance

Auto insurance is probably one of the most expensive insurance types in Canada. An average car insurance policy in Canada costs approximately $1,200 per year and in Ontario, the largest Canadian

By: Alex Saltykov l Insurance > Car Auto l July 09, 2013 lViews: 553

Your house is often your largest investment that you need to protect via insurance. We created a list of multiple savings tips related to Home insurance and hope that these will help you to save a

By: Alex Saltykov l Insurance > Home Owners Renters l December 27, 2012 lViews: 380

Most auto insurance companies design specific car insurance policies for classic and antique cars. If you think you have a classic car and want classic car insurance, you will need to be sure that

By: Richard l Insurance > Car Auto l October 17, 2012 lViews: 570

Business Overhead Expense Insurance Plans can provide cash flow to the business in the event of a disability to a key employee or owner. For a small, growing company it might make the difference

By: T. Spencer White l Insurance > Disability l July 17, 2012 lViews: 243

Workers compensation costs are rising. According to a recent report by the Workers Compensation Research Institute (WCRI), indemnity costs per claim (the loss of earning capacity, payments for lost

By: Kelly C. Williams l Insurance > Workers Compensation l July 08, 2012 lViews: 221

One of the most helpful government programs out there is the SSI Disability program. A person that is legitimately disabled, and cannot work to provide an income for themselves for their family

By: Oleg Winter-Burnett l Insurance > Disability l July 04, 2012 lViews: 282

Auto insurance is probably one of the most expensive insurance types in Canada. An average car insurance policy in Canada costs approximately $1,200 per year and in Ontario, the largest Canadian

By: Alex Saltykovl Insurance > Car Autol July 09, 2013 lViews: 553

Most auto insurance companies design specific car insurance policies for classic and antique cars. If you think you have a classic car and want classic car insurance, you will need to be sure that

By: Richardl Insurance > Car Autol October 17, 2012 lViews: 570

Car insurance can be expensive, even for good drivers. However, if you are deemed as high risk, it can be even more costly to get insured. The good news is that there are ways to find affordable (or

By: Raphael Locsinl Insurance > Car Autol April 24, 2012 lViews: 213

Car insurance may be a requirement in many states. Not asking the right questions when buying insurance could result in consumer fraud when a person needs the help of insurance coverage.

By: Vern Ottel Insurance > Car Autol April 24, 2012 lViews: 191

Motor homes are expensive with even modestly valued vehicles in excessive of fifty thousand pounds. With that said the sale of motor homes even in today's economic climate seem to be bucking the tend

By: Jackie Verdierl Insurance > Car Autol April 23, 2012 lViews: 199

Multi car insurance is a great opportunity for any family who owns vehicles and can potentially save people a lot of money. This article will summarize the important aspects of multi car insurance.

By: Guy Levil Insurance > Car Autol April 23, 2012 lViews: 214

Discuss this Article

comments powered by Disqus