Auto Insurance

Do you like to fee like Jay Leno driving your antique car in a local parade. Or maybe it is just the pride of ownership you enjoy as it stands out at your favorite car show. Have you thought much about the insurance coverage you have on it. You may be paying way too much.

There are many reasons people buy and keep up antique cars. Most of the time people have antique cars to show off to their family and friends and to ride in it during the Christmas parade. You may not be driving it other than that. You want to keep it in excellent condition and do not want to risk getting it scratched and maybe they are not the most gas efficient cars. Just because your car is over 25 years old does not make it a better car a more efficient car. If you treat you car as a true antique, you may get a big break on the insurance.

There are special antique auto insurance policies you can get for your antique car. They often have some restrictions such as having the car secured in a garage and that it can not be used for pleasure drives. They must only be used according to what the policy allows.

You may find that if you are only driving your car to club meetings, parades and special events that you are paying way too much for you antique auto insurance. An antique car is an investment. Many times the parts and the car itself can not be replaced. That is why antique auto insurance has certain restrictions. They do not want you to take unnecessary risks but they are willing to give you a decent premium if you take certain precautions.

Some people confuse classic cars and antique cars. Antique cars are much older than classic cars. Classic cars only have to be 15 years old where antique cars have to be at least 25 years old. Muscle and kit cars are also different as they are used for racing speed and leisure. Antique auto insurance does not cover these muscle cars because they are at higher risk for being damaged.

If you shop around you should be able to save yourself hundreds a dollars a year by buying the right antique auto insurance policy for your beloved car. The insurance company does not have much risk because the car is kept in a safe place most of the time. Because of that, they don’t have to charge you a huge annual premium.

Before you you make your next car insurance payment make sure you look at Rob Gormly’s fantastic report on how to save 10% to 30% every year on your car insurance payment with the information your broker doesn’t want to tell you!