Insurance For Your Old Classic Cars

By Author: Jennifer Emerson
Total Articles: 8
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Many of you may have purchased the old classic cars for cheap and then may have been shocked to get an outrageously high insurance quote on the vehicle. It has become a norm, almost an unwritten rule, that if you buy old classic cars for sale, you will get a very big insurance bill. But this need not always be the case. There are certain factors which determine the price of an insured vehicle and they can be understood and used to your advantage in lowering the insurance quote.

Garage Your Vehicles: old vintage cars for sale are very rare and expensive vehicles. The insurers place a very high risk premium on this because they are very likely to be stolen and also at the same time, they are fragile enough to get damaged easily. They therefore need the best of protection. So if you were planning to park it in your driveway or leave it on the road unattended, your insurance costs are going to shoot up manifold.

Decide on price: Unlike the newer cars, classic cars for sale do not have a list price. You may have brought it for a certain amount and ...
... the insurer might only think that it is worth a certain amount. So it is most advisable for you to clarify this with your insurer. Because what they think the car is worth is what they are going to pay you when the car is damaged or stolen. So it is better you contact your insurer and ask them to appraise the value of your vehicle and see which one offers you the closest to what you have paid.

Mileage: Most insurance quotes assume a certain mileage; the only problem is that this mileage is nowhere close to the truth especially when the vehicle is not being run daily. Some insurers have come up with special plans for old classic cars for sale. And there you have provisions for fewer miles which comes in handy since you will be driving these vehicles very rarely and there is no point insuring it for 5000 miles if you will only do 500.

Security: Insurers also place a great deal of emphasis of the in-car security features that you have installed. There are all sorts of locks available which make it almost impossible for the thief to steal the vehicle without making noise. So get such locks installed, they will not cost you much but will add much more than their value by consecutively lowering insurance costs for as long as you own the vehicle.

Excess: Insurers also place a great deal of importance on excess. Excess is the minimum amount of money that you have to put forward when you make a claim. An increased excess can drastically lower the cost of your insurance and it is suggested if you have a good driving record and are confident of not meeting with any accidents.

Thus try and be on the right side of the factors and the insurance premium for your old classic cars for sale will drastically reduce.