Qualifying For Classic Insurance

When it comes to insure your classic car, the first question that springs to mind is if your car will qualify for a classic insurance or not. Well, the answer for this question is a bit complicated as making a car eligible for a classic insurance is not decided by just one factor. While most people think that it is only the age which determines if a car is qualifying for classic insurance, the truth is far from that. The other factors which are taken into serious consideration before insuring your car as a classic vehicle include, the age of the driver, the value of the vehicle, the size of the car, the annual mileage of the car and so on.

In this regard, cars are categorized into vintage cars, historic cars, classics and modern classics. The cars built between 1919 and 1930 are vintage cars. Historic cars are the ones which have been built before 1973. Classic cars are the ones which are beyond 20 years old and modern classics are the cars which are between 25-25 years of age. Thus it can be said that the cars of the modern day will be categorized amongst one of these classic car vehicles sometime in the future.

There are many companies which also insure brand new classic vehicles as well. What is going to be the minimum value of your classic motor is the decision of the insurance provider. The other condition is that the car must be in use as a second car and not the primary mode of transport. There are, however, insurers who also take into account car garaging methods of the owner and his/her driving records. The rule of keeping a classic car is parking it under lock and key.

You can be disqualified off your classic car insurance if you drive your classic vehicle regularly. A vast majority of the insurers impose a limitation on the annual mileage of the car and also the manner in which the car is used on roads. Also, refitting the antique car for participation in sporting events and rallies can also disqualify one from classic insurance.

Though the age of the motorist is a major determinant in the classic car insurance eligibility criteria, most policies have decided a minimum age of 21 years. But the younger the owner, up goes the premium rate as the companies prefer owners who are experienced. Some may not even grant eligibility to younger drivers. The car make and model are also taken into consideration while selecting the vehicle for classic car insurance. Besides criminal records, origin of the car, and the expiry of the license are also checked in the qualification process.

When insuring for your classic vehicle, do not just go looking for the cheap quotes. Look for the benefits as well. Before buying your classic insurance look for the benefits like introductory discounts, guaranteed agreed valuation, discounts on low mileage, breakdown recovery and club member discounts. There are several auto insurance companies who design special car policies for antique and classic cars. When insuring your classic vehicle it is always wise to choose classic car insurance than standard car insurance. This is because a standard car insurance provider might create hassles when you make claims.