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You may be one of those lucky few that have a mint condition antique car. Are you paying too much for your insurance coverage? Are you paying as much for your antique car insurance as you are your regular insurance? If you are then you are paying way too much.

Antique cars have special insurance policies because they are not used like everyday cars. They are usually stored away safely most of the time and only taken out for special occasions, like parades and car shows. Heaven forbid that they get mud or grease on them from driving on a sloppy day or speeding down the highway. A few finger prints is about all they can handle. To offer their special rates, antique car insurance policies are packed with restrictions and requirements.

There are special antique auto insurance policies you can get for your antique car. They often have some restrictions such as having the car secured in a garage and that it can not be used for pleasure drives. They must only be used according to what the policy allows.

So, if you only take your car to special events to show it off you may qualify for a reduced car insurance rate. You’ll have to prove to the insurance company that you really only use it as a show car. If you happen to have an accident in it while driving to work, you can expect the insurance company to deny coverage. You can expect they to strictly enforce the policy rules.

There is a difference between classic cars and antique cars. Classic cars are only 15 years old where antique cars have to be at least 10 years older than that. You may see a variety of cars at car shows such as muscle cars. These types of cars are maintained for their looks and speed. Their insurance is much higher because there is a higher risk for damage on these type cars as compared to antique cars.

If you shop around you should be able to save yourself hundreds a dollars a year by buying the right antique auto insurance policy for your beloved car. The insurance company does not have much risk because the car is kept in a safe place most of the time. Because of that, they don’t have to charge you a huge annual premium.

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Tags: Auto Insurance