Every vehicle owner eventually runs into some kind of problem with his classic car. One of the most common problems encountered by owners is having to pay for their vehicle’s repair bills. Whether it’s a dent, a blowout, or a roadblock, classic car owners spend thousands of dollars fixing their classic cars. If you own a classic car, you are probably interested in finding affordable repair costs. This article will help you achieve that goal. Here are some tips from car repair specialists to keep in mind when looking for your next classic car repair.
The first thing to do is find out how old your vehicle is. Most classic auto insurance companies have age limitations on their policies, so don’t wait too long to get a quote. Secure your classic car insurance at least five years old, since older vehicles are considered “antique” by most classic car insurance companies. Improve the safety of your vehicle with safety belts, airbags, electronic safety control, anti-theft devices, and others.
Some classic car insurance companies may require you to be at least 25 years old in order to drive your classic vehicle. Even if you’re only a few years old, however, you’ll still save money. That’s because many classic auto insurance companies allow drivers to trade in their current coverage for a new, specially insured “new and used” policy. By doing so, they can insure your classic vehicle without spending as much money as they would if you owned it in its current condition.
Classic auto insurance companies often charge higher rates than more traditional companies, simply because there’s a lower risk involved with insuring old autos. However, even drivers of classic vehicles run into the same problems when they get into accidents. In addition, many classic car insurance companies also insure older vehicles as well, which lowers the company’s overall risk. When they sell a policy to a younger driver, however, those companies make more money by insuring the more expensive classic vehicles.
One of the things your classic car insurance company will consider is the agreed value. The agreed value is the amount the insurer will pay if your vehicle is totaled in an accident. This agreed value is usually based on a number of factors, including age, miles driven annually, how the vehicle was maintained over time, how safe it is, where it’s located, and where it’s manufactured. Depending on how you want to pay for your coverage, you can get a single-seat vehicle, a two-seat vehicle, or a three-seat vehicle. You can also choose a higher or lower agreed value for your coverage.
Classic auto car insurance policies also include extra options. For example, you can get extras that help you if your vehicle meets with an accident, or if it’s stolen. Some companies offer roadside assistance, which means their technicians will come to the scene of an emergency and look at your vehicle. Other classic car insurance companies add a rental car component to their policies. If your classic vehicle is old, but not yet ruined, you may be able to get a rental for short term use.
In order to get full coverage on your vehicle, your classic car insurance policy must cover both the mechanicals and the content of the vehicle. All physical damage to the vehicle must be covered, as well as your liability for damages to other people or property caused by your vehicle. Your car must also be made legally accessible to you. For instance, if you have a limited driving history and live in a rural area where you can’t drive farther than a few miles from home, you probably won’t need collision coverage on your policy. However, if you own your classic car outright, you must get full coverage on the vehicle.
Many classic car insurers will offer you the option of opting out of liability coverage. If you are not involved in any accidents or get a speeding ticket while driving your vehicle, your liability insurance policy won’t cover any damage to the vehicle. However, if you are involved in an accident or receive tickets for such things as swerving across lanes or running a red light, your insurance company will pay for the damage you cause. Having full liability coverage means that your insurer will also pay if your vehicle undergoes total restoration, such as a restoration job. Just make sure you’re clear on what types of losses your insurance policy will cover, because some polices won’t cover this type of expense.