In case you own a normal classic car then it will be a lot cheaper as well as also a lot better if you look for suitable budget classic car insurance. Of course, there is quite a fine line dividing a beat up old car and a true classic car and in fact what one person considers as being a classic another person may only look at it as an old banger.
Simple Guidelines
To help ensure that not only do you find the right budget classic car insurance for your classic but to also know how to identify a classic when you see or own one, there are a few simple guidelines that you can follow. A classic car can be categorized separately with a veteran being any car that was manufactured prior to the year 1903; a vintage car would be one that was manufactured between 1903 and the year 1933; finally, the classic is any car that is only a minimum of fifteen years old.
An insurance provider will help you know which category of car your vehicle falls into since a company that provides budget classic car insurance will surely also have a special department that deals with just such issues. However, when selecting a budget classic car insurance company you should first of all check specialist cover from specialist providers because this type of budget classic car insurance is more affordable and it is also tied to low annual mileage which would be in the region of approximately three thousand miles. However, if you exceed this mileage then your budget classic car insurance will expire; so be careful about how far you drive your classic car.
If your classic car is a scarce model then it is harder to find budget classic car insurance companies, though to help you achieve your goals you should look for a feature known as Guaranteed Agreed Valuation which is the amount of cash that the insurance provider will give you should something unforeseen and drastic happen to your precious classic car. However, arriving at the cored Guaranteed Agreed Value is quite difficult because the value of classic cars fluctuates quite a bit, and so the insurance company may even add a charge for offering this feature.
One major and overriding concern for all owners of a classic custom car is what would happen should their car be totaled. To ensure that your classic custom car insurance policy covers you for every eventuality including the worst case scenario of a totally wrecked car you need to at least deal with a company that understands classic cars as well as classic custom cars. In addition, there is also no sense in adding your classic custom car s policy to your family car insurance policy.