Considerations When Shopping for an Antique Car Insurance Policy

As someone who is fortunate enough to call an antique car your own, you know there are plenty of things that need to be taken into account when making decisions about your car. One of the most important decisions involves carrying an antique car insurance policy. These tips will help you select the right policy so you have the coverage you need in the case of an accident or damage to your collectible auto.

Antique Cars Increase in Value

Most vehicles decrease in value very quickly starting as soon as they drive off the lot. After a certain period of time, that trend reverses and antique cars become more valuable than when they were new.

Repairs Can Be Costly

Coverage amounts need to consider the increased cost of repairing an antique vehicle. Parts are difficult to come by and when you can find them, they are often very expensive. Add to that the extra expense of a mechanic who is knowledgeable about collectible and antique cars, and the cost of repairs can quickly skyrocket.

Driving Patterns Vary

Many antique and collectible cars are used only occasionally. Some may never leave a garage or showroom or, if they do, they travel in an enclosed trailer to shows. Very few are used in normal day-to-day driving. Those usage patterns need to be reflected in insurance premiums.

The right antique auto insurance policy can help you protect your investment. Be sure to take driving and use patterns, the vehicle’s value and the cost of repairs into consideration when choosing coverage.