car insurance prices

Cars have always been known to be expensive toys, but vintage or classic cars are on an entirely different level and are toys for the elite. Besides spending money to actually purchase the car, thousands more need to be spent on restoring, repairing and replacing necessary parts. Hence, getting insurance to protect this investment is the logical thing to do. However, it must be noted that the insurance that we use on everyday cars might not be the best suited to insure classic cars. Instead, special policies have been set up primarily to protect convertibles, sports cars, muscle car and older, vintage or classic, cars. Insurance agents should be able to provide quotes for these specialized policies.

Usually, traditional car insurance policies offer protection for cars against damages or problems that are associated with daily usage. However, you will find that insurance specifically for classic cars offer a different kind of protection.

For one, classic cars are seldom used in the same way that more recent cars are used. That is to say that while newer cars are used for daily activities, such as driving us from one place to another, classic cars are more often used as showpieces in exhibitions and such and they are usually only driven to get to said exhibition or show. Hence, the mileages on these cars are kept low. Therefore, a more basic policy is required to insure these vintage pieces as compared to our newer-made cars. An insurance policy with more basic coverage also equals a cheaper policy.

However, as with other things from the past, replacement parts and such are a lot more difficult to obtain, and as a result, are much more expensive as well. Therefore, it is for this reason that many insurance companies necessitate that these cars are kept safe and somewhat guarded in sheltered garages. This is so that the possible number of insurance claims for the need to replace components and repair due to damage is lowered.

Also as with other vintage things or objects from previous generations, placing an actual value on the car is difficult as it (the value) often appreciates. Another reason to ensure that the classic car is protected with an insurance policy is due to the modifications that are made to it, depending on the owner.

Unlike traditional car insurance policies, classic cars values are usually determined via an "agreed value". Normally a traditional car suffers damage, the policy owner is then sent a check for that can be cashed for the appropriate value. However, in the case of classic cars, determining the worth according to the "agreed value" means that the car's value is pre-determined between the insurer and the insured. In this way, the owner of the classic car is promised to receive the amount they're due should anything unfortunate happen to the car. There will not be any deduction or depreciation in the car's value.

Also, to save on the insurance, owners of classic cars could reduce the insurance on their cars by insuring it only against fire and theft when they, the owners, are sure that they won't be using the car to drive around, or should the car be undergoing long term repairs. While it may seem risky, this not only cuts the cost of the insurance down, it still also actually insures the car for use on the road.

Leading insurance companies, such as farmers or into the car should be able to provide traditional insurance, you will need for your classic car. For more information and details, just visit http://www.How2BuyInsurance.com now and you'll be able to find out all you need to know about how to keep your classic vehicle protected.

car insurance prices