| The number of people involved in classic car | | | | more than 2,500 miles every year. One may be |
| collection is on the rise. This has made insurance | | | | required to keep the classic vehicle in a garage |
| companies realize that these unique and | | | | and possess a clean driving record with at least |
| extraordinary cars need special insurance. One | | | | 10 years of driving experience. |
| may insure a classic car with a regular insurance | | | | In America, a classic car owner may avail of an |
| company, but may not receive the best offer | | | | Agreed Value Coverage, which covers the full |
| that way. Hence, it is preferable to approach | | | | insured worth of a classic car. This involves |
| companies that specialize in classic car insurance | | | | agreement by both parties, i.e., insurer and the |
| since they offer a better coverage and a more | | | | insured on the value of a classic car, which is |
| nominal charge. | | | | written in the policy. In the event of a mishap, |
| American Collectors Insurance has been Americas | | | | wherein a car is considered totaled, the company |
| premiere supplier of classic car insurance ever | | | | pays a previously agreed amount for the car. |
| since 1976. Various insurance policies underwrite | | | | In most cases, the price of classic car insurance is |
| different kinds of collector cars, including classic | | | | less than what one anticipates. This is attributed |
| cars, antique cars, classic motorcycles, street rods | | | | to the fact that a few American insurance |
| and antique fire trucks. American classic car | | | | companies have placed certain restrictions on cars |
| insurance companies follow certain specific | | | | that are insured. While deciding on an insurance |
| guidelines that enable a car to qualify as a classic. | | | | policy, classic car insurance is much better than |
| These specifications could include age of the | | | | regular car insurance for a classified car. The |
| motor vehicle depending on the state one resides | | | | owner must consider acquiring a quote from a |
| in. In certain states, a classic collector car must be | | | | business that specializes in classic car insurance in |
| at least 15 years of age. To avail insurance, one | | | | order to save a lot of money and also have the |
| may not be allowed to drive the classic car for | | | | best security for their investment and collectible. |