For those passionate about collecting and restoring classic muscle cars, few things can be as important as protecting these symbols of Americana. For this reason, many classic car enthusiasts will tell you that aside from the car itself, the most important thing about collecting and restoring classic muscle cars is carrying the right auto insurance. There are many companies out there that offer specialty insurance; in order to choose the right company for you, and certainly before shopping around, you need to ask yourself a few questions.
First off, where do you take your car? If you participate in club events and car shows, there is coverage available for damage incurred at both, as well as liability insurance. Many companies extend these coverages for overseas event as well. If these types of coverage are appropriate for your situation, then consider how much coverage you are going to want and/or need. A helpful tip of advice is to think worst case scenario at an event, and then get enough coverage for that.
Second, ask yourself some questions about the car itself. If you are still in the restoration process, do you need coverage for the duration? And afterward, do you want to be able to choose your own mechanic? Do you want to insure your baby for the actual dollar amount she is worth, or for what she’s worth to you? As you are answering these questions, write them down, and be prepared to ask the insurance representative for exactly what you want.
Once you know what type of coverage you want, how much you want it for, and what types of requirements you have for a policy, then it’s time to shop around. You can do this a few different ways. You can do some research into the leading classic car insurance companies, and make some good old fashioned phone calls. Or, you can take advantage of the car insurance quote comparison websites available on the Internet. No matter what route you choose, be prepared to ask the representatives for what you want. They want your business, and are ready to help you find the right policy for your situation.
You can’t put a price on a classic muscle car like a 1967 Pontiac GTO, especially when you’ve put your heart and soul into a perfect restoration. So protect that emotional and monetary investment, and get the perfect auto insurance policy for keeping it safe.
By: Rick Swanson
At some point in their lives everyone has suffered a lapse of concentration, unfortunately if this happens when you are behind the wheel you can expect to see your insurance premiums soaring. If you become involved in an accident which is found to be caused by your actions then this will almost always cost you when it comes to increasing car insurance premiums. A worst case scenario is being caught driving your car while under this influence of alcohol, if this happens points can be added to your license or you can sometimes lose your license all together, obviously car insurance companies don’t take kindly to either scenario.
Regardless of the type of infringement that you commit the reality is that you still need to insure your car in order to be street legal. Often people think that getting points on your license will preclude them from getting car insurance, the fact that there are hundreds of insurance companies helps you get around this fact as someone is bound to be willing to insure you, and even if none of the regular companies will insure you there are companies that specialize in insurance for disqualified drivers that you can approach.
These days there has been a realization by many insurance companies that minor infringements such as “just over” speeding tickets don’t necessarily increase the risk to the company and as such companies will not increase premiums for such fines. The same cannot be said however for major indiscretions which are still looked down upon by insurance companies.
By: Scott Dobson