Most people get auto insurance in order to protect themselves and their vehicle if they are involved in an accident. However many people own antique, collectible, or luxury cars that are only used for show and not driven often if at all. You might think auto insurance is pointless in these situations, however it is still very important for you to have. Many people put thousands of dollars into these cars and therefore it is important to have them covered in case of theft, vandalism, acts of nature, or other types of damages.
Regular auto insurance quotes might not be the best choice for uncommon or rare vehicles. Instead, you should consider purchasing a classic auto insurance policy. These policies are often found through classic car specialists. These companies staff car experts who know about the unique needs of classic cars and other rare vehicles. They know what goes into repairing and restoring these cars, and understand the care that goes into transporting, storing, and maintaining these vehicles. They also understand how depreciation works with these cars compared to newer cars.
When shopping for this type of auto insurance quote you should begin by asking yourself a few questions:
• Am I able to limit my annual mileage in order to get a discount on my insurance?
• Can I afford to insure my car’s actual value rather than the book value used by most insurance agencies?
• Do I need extra coverage due to restoring my vehicle?
• Am I going to attend car club events that would require extra liability coverage?
• Does my car need protection while at the mechanic shop or will my mechanic’s insurance cover any damages?
• Will my vehicle need insurance to be shipped?
If you find that you answered yes to at least three of these questions, than you should consider a classic auto insurance policy. Typical auto insurance policies will not cover these types of situations, because regular cars do not have the investment put into them like a classic car does.
Now that you’ve decided to get a classic auto insurance quote, it is important to understand how classical vehicles are valued so you can be prepared when talking to your insurance agent.
Stated Value – these policies will pay you for the actual cost of any repairs, or the states value of the vehicle, depending on which is less. These types of policies are better than your typical auto insurance policy, but are still not ideal. The higher the states value, the higher your premium. Also, your insurance company is not required to use this value when paying a claim. Rather, they go with an actual cash value that they determine, and base the claim payment on that.
Agreed Value – these are the best types of policies. This coverage is based on an amount that both you and the company agree on. This means it will accurately represent how much your vehicle is worth, including modifications and restoration work. You will be guaranteed full compensation in the case of a loss.
There are many drivers who have been with the same auto insurance provider for many years. However, what many fail to realize or refuse to acknowledge is that whilst they may have started with a decent deal with their provider when they originally took out cover all those years ago, they are no longer getting the most competitive deal.
Despite this, many people continue to renew their cover with the same provider year in and year out without bothering to even look at other low cost auto insurance quotes and plans that could help them to save money on the cost of their cover. The long and short of it is that in the current financial climate none of us can afford to let loyalty to a particular company affect our changes of saving money on the cost of services like vehicle insurance.
Even if you have been with your provider for years it is always worth looking around for low cost auto insurance quotes from other providers, as with the right deal you could make a considerable saving on the cost of your cover. You don’t have to go out of your way to look for low cost insurance, which means that you have nothing to lose and everything to gain. You will be surprised at just how much you could actually save on the cost of your cover by looking for low cost quotes rather than continuing to pay over the odds with your existing provider simply because of misplaced loyalty.
Of course, after looking at other provider to get low cost auto insurance you may find that the price you are paying with your existing insurer is pretty fair and reasonable, which is fine. On the other hand you may find that you could actually save a fortune on the cost of your cover without having to compromise on the level of cover that you take. It is always worth checking to see whether you are able to get low cost auto insurance and no matter which state you live in we can help you to get low cost cover with auto insurance quote from a range of reputable insurance providers offering cover in your area. All you need to do is select your state and you can access the sites of a range of insurers who may be able to offer quotes that could be way more competitive than the price that you are paying now.
If you own and plan on operating a vehicle, it is required by law for you to carry adequate insurance coverage. For many people, this is an expensive part of life. Some try to get away with not carrying insurance while others get the minimum amount required. Both of these practices can be dangerous and can leave you with thousands in medical and property damage bills if you are involved in a car accident. The best thing to do is to find a cheap auto insurance quote, and fortunately there are many ways to do this. Here are some tips to make your search easier:
If you already have a auto insurance policy, you should review what it offers you. You should know if you have and what the limits are on bodily injury, uninsured motorist, underinsured motorist, property, collision, and comprehensive coverages. You should also find out what your deductibles are. If you have any extras such as car rental or towing coverage, make a note.
Now it’s time to decide what to keep. Sometimes a certain type of insurance coverage makes sense for new cars, but not so once you’ve paid them off. Go through all of your insurance options and decide which still make sense, which ones you could change limits on, deductibles you should raise or lower, and whether you can get rid of a type of coverage completely.
Now that you have an understanding of the types of coverage you need, you can begin your search.
You will need to gather some information in order to get auto insurance quotes. You will need the make, model, and year of any car you would like covered. You should know what safety and security features it has such as ABS, security systems, and air bags. You will also be asked how many miles you put on the car daily and annually. Finally, you will need to know the social security number, driver’s license number, and driving history of all drivers using the car.
When you start collecting auto insurance quotes, aim for a minimum of three quotes from different places. Ideally you would find as many quotes as you could. You should visit a variety of websites because one comparison website might be sponsored by a particular insurance company, and therefore they will push you to purchase a policy from them. Not all companies are featured with comparison websites either, so the more sources you have the better your chances of getting an accurate idea of what’s available.
Finally, only look at quotes that provide you the coverage amounts you decided on earlier. It might be tempting to just go with the cheapest quote, but if you are shorting yourself coverage you could end up paying more in an accident. You should choose a company with a good customer service rating, fast claim approval, and a record of stability.
If you need more assistance or if you would like to check in extra discounts, don’t be afraid to give the insurance company a call!
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