Calculating one’s classic car insurance bill comprises of many factors and the knowledge of these factors could go a long way in helping you avoid expensive rates. The policy holder’s age, residence, driving record and the driven vehicle are some of the major factors that affect the proffered insurance quote.
Insurance companies predict the chances of you being involved in an accident based on the numbers they have gathered over the course of many years. Take it this way: if your premium seems high to you, there’s obviously something in your policy that suggests a likelihood of having an accident.
Shopping around for car insurance premiums on different websites can really help you get that coveted classic car insurance that is affordable and provides a safety blanket on your precious vintage.
Also, the kind of policy you are opting for is another factor that should be kept in mind while shopping for classic car insurance. Some might want to lean on cover that only includes the repairs for any damage caused to the vehicle by the driver. Others may want to go the whole nine yards and protect themselves from everything, including the costly court fees.
It is very simple to say that you want coverage for everything, but complete cover that includes accidents, speeding tickets and the whole shebang usually turns out to be quite a costly venture. So always try to narrow down the situations that you’re most likely to be caught in. This is something you know best, being the main driver of your vehicle.
Insurance premiums vary considerably based on age and driving history, so don’t be surprised when someone else’s rate differs from what you have to shell out.
Discounts are always available. If you have no recent accidents, clean driving record, newly purchased vehicle, get good grades or have served in the military, a discount can be availed. Of course, such discounts will vary from one service provider to the next, so it’ll be good on your part to have done some extra research.
Curiosity is a fine quality to have when you’re shopping for classic car insurance and you should always make sure your questions are answered by an expert. It’s absolutely fine to ask the insurer a lot of questions, regardless of whether you think they’re stupid or not. Certain insurance companies even offer cover including roadside assistance, rental car reimbursement, custom repair parts and even medical help for injuries sustained to pets.
If you’re looking for a customized policy, there are many insurers who offer special cover. Add-on packages such as roadside assistance and rental car reimbursement are also close at hand, although they will increase your premium.
Always insure that you know the front and back of your classic car insurance cover, so that you’re not caught with your pants down in a sticky situation. As we all know, those kinds of situations are bound to happen at some point or the other. Better to be prepared!