Trying to get cheap auto insurance for antique cars can be tricky. In fact, it can be a bit frustrating too because more often than not, cheap auto insurance for antique and highly valued cars usually do not exist unless of course you can get a discount from specialist insurers.
Getting collectibles insurance may be a fine idea if you really want to give your antique car good protection because even if you see a valuable collection, a traditional car insurance provider will only see it as a risky and therefore expensive deal. Most people who are into collecting old cars do not pay attention to insurance though according to experts and what they usually do is they just call their insurance agent and just add their antique car in their policy.
If you recently acquired an antique car or a relative or close friend left you one, it is possible that you do not know that policies for such cars exist. Experts say though that insuring an antique with a traditional insurer is a big mistake because for one, a traditional policy presupposes that a vehicle’s value will decrease over time. An antique car’s value however is likely to increase or appreciate. There are a number of cheap policies from specialized auto insurance companies that offer good coverage. One has to note though that you should know how much the replacement value is and that your agent should agree with you when it comes to this so that your pristine antique car’s value will not depreciate at least according to its policy. Getting a standard policy will not only be expensive but it will also be quite a headache because it will not give you the coverage that you need.
But how does one get a cheap policy for such an expensive car? Many people would think that this is rather counterintuitive but the reasoning here is simple. Most classic or antique cars are pampered. They are also driven in a careful manner and rather infrequently so this spells cheap auto insurance for the owner.