Owning a vintage vehicle is definitely something great and it speaks about you as a connoisseur of cars and the industry history. Though other classic and retro car owners are just enthusiasts and wnat to seem rich.. No matter what kind of a person there is a great number of drivers around the US who devote their time and money into restoring and repairing old cars. And it surely a rewarding hobby both for the car owner and the people who see the beauty of a vintage vehicle. And only the owner knows wether it has been returned to its original functioning state or taken on a new level with better equipment used and how much effort it costs. Well, there is a headache for all the vintage car owners as well and it starts with getting car insurance for such a car. It is a sort of a challenge forcing you to be more exigent choosing an insurer provider.
The drawbacks of typical car insurers
This is not because ordinary car insurance providers do not accept retro and vintage autos. They do equally, but you will be demanded an independent appraisal service so to see the actual value of your car (as opposed to its market value (that decreases over time and gets rather low for classic and retro cars). On passing an appraisal that takes into account the money and work invested into restoring the vehicle the insurer will issue the requested policy with the needed amount of coverage. The headache you would be feeling is because of in case anything occurs to your vehicle it will be send to a typical repair shop which will surely lack the staff and the equipment necessary to repair your vehicle adequately. That’s by all means not something you are looking for – if you have spent hundred of hours in the garage and don’t want anyone to ruin your whole work. In order to avoid such a menace to beloved brainchild consider a specialized car insurance company.
Specialized car insurance providers operate in all states. They do have much less customers that’s why car insurance quotes would be higher but such companies are known to offer adequate services and have vintage car repair experts at their disposal. You should not forget of comparison shopping with specialized insurers to get a chance of a more affordable policy but there won’t be such a big difference in the prices as when shopping for ordinary auto insurance plans since there are less customers involved in the business.
Coverage Limitations with Specialized companies
Regardless the insurance company type you turn to for a policy get prepaired for certain coverage limitations and requirements.
- The most common is a low enough yearly mileage.
- Then come the storage conditions of your car (i.e. a requirement to keep it in a garage).
Well theses limitations shouldn’t be much of a problem since you probably do not use your most vintage and classic car as an ordinary everyday vehicles. As the use of such cars comes mostly to special occasions when the cars get delivered to the places of fairs and expos with special trailers the rigorous at the first look requirements could be accepted by most vintage car owners.
So wether to buy a classic or vintage car insurance depends on the extent of work and your special requirements towards the repair shops qualification, not speaking about the cost difference as this shouldn’t be much a concern if you manage to own and take care of the vintage car itself.