You have finally achieved your dreams of owning a classic, collectible vehicle. Keep your classic car safe by providing it with the extra protection and attention it needs. You can’t use just any provider, and you can’t get just any plan.
Almost all cheap insurance companies will claim to insure collectible cars. What they offer is basic comprehensive, collision and liability insurance. Your precious classic car needs more than that.
There are companies that specialize in cheap classic car insurance. These providers offer programs for classic cars that are only driven 1,000 to 10,000 miles each year. By using one of these programs, you can drastically reduce the cost of insurance on your classic car. These providers also ensure street rods, pro streets, exotics, racecars, replicas, and kit cars. They offer full liability, comprehensive, collision, and uninsured/underinsured motorist coverage. Most offer car club membership and car “collection” discounts, but there may be specific requirements that the club or collection have to meet in order to receive such discounts.
These cheap classic car insurance providers generally have strict eligibility guidelines. They exist solely for the insurance of classic or special, collectible cars and do not insure vehicles used for regular transportation. They often demand proof of another household vehicle, so they can be further assured that the car they are insuring is not used for regular driving. They require documentation of all modifications and alterations that have been made to the vehicle in question. Furthermore, they generally refuse to insure young drivers or drivers who do not have good driving records. Often, having one or more at-fault accidents in the last three years is enough to disqualify you from insurance through these providers. It is also a common requirement that the vehicle is garaged whenever not in use, in a secure, locked enclosure. Carports and temporary or makeshift garages do not qualify as enclosures. Almost every cheap classic car insurance provider will not consider overnight storage at a car show or event a violation of this policy, so if you do transport and show your classic car you most likely don’t have to worry about violating the terms of your policy.
The most important advice when hunting for the cheapest classic car insurance is this: Make sure you know what you are getting!
Many cheap classic car insurance providers limit driving to parades, car shows, and club events. Some will allow limited pleasure driving, not in excess of the stated limit on your policy. So before you go hunting for a discount insurer for your classic car make sure you have a clear idea of what you are going to do with your car and how often you want to drive it. In short: a museum or show car may have very different insurance requirements than a classic cruiser you drive on the weekends.