Insurance for Collector Car Insurance

Owners of collectible cars have a great deal of pride in their vehicles, however a collectible car is more than a showpiece, it is an investment as well. To protect that investment, collector car insurance is a much needed necessity. As collectible cars are quite expensive to replace or repair, a collector car insurance policy will protect your investment against possible damage, theft, or accidents. Compare orlando auto insurance Quotes for Free.

Collector car insurance differs greatly from regular car insurance. Insurers have specific prerequisites that have to be met before a policy can be written. The three main stipulations are mileage limits, vehicle age, and driver qualifications. In addition, most insurers have strict guidelines on vehicle storage when it is not being driven. Receive competing orlando auto insurance Quotes Today.

Limits on miles driven per year is usually no more than 5,000, although some companies have provisions for excess miles. A further restriction on mileage driven is that a car can not be used for commercial purposes or for daily commutes, however, a collector car insurance policy does allow the car to be driven to car shows and related activities.

Another restriction on collector car insurance is the age of the car. In most cases, the car must be a minimum of 15 years old|Most insurers have set 15 as the minimum age for a collectible car. A few insurers define a collectible car as being more than 25 years old and in rare circumstances as much as 35 years.

In order to qualify for collector car insurance, a driver must meet certain qualifications as well. A large majority of companies set a minimum driver age at 25 with minimum driving experience of 9 years or more.

After the requirements of the collector car insurance is met, your agent and you will determine an agreed upon value of the car. Unlike a regular car which has its value set by automobile industry standard practices such as a blue book value or fair market value, you are permitted to determine the value of the car at the time of the writing of the policy. The amount you and the insurer agree upon will be the replacement value of the car should it be a total loss.

Selecting a well qualified insurance company for your collector car insurance is a necessity to protect your investment. Although many insurance companies can write your collector car insurance, it is best to find a company that specializes in this type of coverage Get your free auto insurance los angeles Quote Today.