A collectible vehicle is a vehicle that was manufactured between 15 and 19 years before the present year of ownership. A classic vehicle is a vehicle that was manufactured between 20 and 24 years before the present year of ownership. For avid car collectors, they understand the amount of time and money that goes into maintaining their collector cars. Examples of collectible cars include: muscle cars, vintage cars that include race cars, Hot Rods, sports cars, and cars from a particular decade such as the 60’s and 70's. When you own a collector car, it is important to protect such a valuable investment by having the appropriate and right amount of car insurance.

(This is a guest blog post from CarInsuranceList.com)

The cost of insuring a collector or classic car is different from insuring regular cars. Many collector car owners tend to insure their collector cars through standard insurance programs even though specialty insurance programs for collector cars can have much lower costs. As well has higher rates; standard insurance can have more restrictive policies. Specialty collector car insurance programs can have different services, rates, and types of coverage.



When it comes to insuring collector cars, a specialty collector car policy will provide coverage that is included in a comprehensive policy. For instance, it includes bodily injury liability, property damage liability, uninsured motorist coverage, collision, comprehensive, and accidental death and dismemberment. As well as the comprehensive coverage, there is also the Agreed Value Coverage that comes with the insurance policy. This coverage consists of insuring the car for an agreed upon value, which is confirmed by both the car owner and the insurance provider. For example, if you were in an accident where the car was totaled, you would be compensated for the agreed upon value of the car at the time you signed the insurance contract. This will usually require an inspection and the agreed value will then be written into the policy. Standard insurance companies will normally compensate for the value of the car at the time the damage occurs and includes depreciation. Additional coverage with specialty car insurance can include: spare parts coverage, roadside assistance, complete safety glass coverage, and choice of a mileage plan.

To ensure that a collector car has the right amount of coverage, it is wise to establish an agreed value. When looking for an insurance provider to insure a collector car, it pays to comparison shop for the cheapest possible car insurance and look into various deductibles as these can help get the right amount of coverage while maintaining low payments. There's good information on auto insurance deductibles at 21st Century. The Internet is a great resource for locating companies that insure collector cars. Having the right amount of car insurance is essential to ensuring your valuable investment is completely protected.