When you are the owner of an antique car, you’re still going to have to insure it. Even when you’re not driving it. Something can still happen to it while it is stationary in your garage. Chances of that are smaller than when you are driving it on the road, but it could still happen. An antique car is considered to be a prized possession by most people. If you’re willing to break the bank to get your hands on an antique car, then you are most likely also willing to shell out a few bucks to get it properly insured.
Facts About Antique Car Insurance
For starters, an antique automobile will fall in a different category than a regular car for regular driving. This is because an antique has completely different needs and risks than a regular car. It also has a completely different value. Did you know that a lot of insurance companies want you to reduce the usage of your car before they will sell you any antique auto insurance policy at all? Limiting your usage of the car is going to reduce further wear and tear on all the parts, especially the engine. This will also minimize the chance of becoming involved in an accident. Insurance companies want to make sure that insurance claims for high priced antiques are not that frequent. For obvious reasons, ofcourse.
You need to keep these terms of service in mind when purchasing your insurance. Also, don’t think about crossing the agreed-upon distance limits. Your antique car will have an odometer that the insurance company is allowed to check to see if you haven’t driven the car more and you should have. The good news here is that your insurance will give you an allowance in case your antique is the only car you’ve got and you have to choice but to use it for daily activities such as shopping and driving to and from work.
Most insurance companies will also allow you to take your old antique car to and from an exhibit. If you enjoy taking the car to a show every once in a while, make sure you’ve got it covered by your insurance while you are transferring it and while it is on display. You never know what kind of people you’ll encounter there. Some might not be able to keep their greedy hands off it. Most insurers will not pay the full price in case you total the car. When you own an antique, please treat it with utmost care.