What Is Vintage Car Insurance?

Classic cars are very old cars having great historical value. Most of the time, these cars are self driven by the owners and not by drivers. This is because the owners take pride in owning these classic beauties. The value of classic cars increase with time therefore it is wise to insure the classic car properly. These old cars can be divided into three categories based on their year of manufacture. The cars which were built before 1903 are termed as veteran cars. The cars which were built between 1903 and 1933 are classified as vintage cars and cars which were built after 1933 and before 1973 are classified as classic cars.

As a thumb rule, all cars which are more than 35 years old can be termed as classic cars. It is very important to insure your vintage car against all kinds of mis-happenings. Even though all car insurance companies will be ready to give you an insurance policy for you vintage car, it is recommended that you get the policy from a reputed company who specializes in vintage car insurance.

Finding the correct insurance agency is critical because it should be able to value the car in a more professional manner. This valuation of the car is known as agreed value of the car and you get this amount in case of total loss or theft of the car beyond recovery. Therefore the value of the car is very important feature of the insurance policy.

The insurance agency will take care of a certain things while finalizing the car value and premium amount of the insurance policy. Some of these factors would include the age and make of the vintage car, driver?s driving history, maintenance of the car, mileage on the car, cost of repair of the car etc. Usually, these cars are supposed to be maintained nicely and kept inside a covered garage.

Most of the times, these cars are not driven much. The mileage on these classic cars is pretty less. The insurance agency may put an annual limit on mileage on these cars which can range anywhere between 1000 and 5000 miles. These cars are not used for commuting purposes and are used rarely only in exhibitions etc. Since these classic cars are precious for the owners, it is wise to take a complete car insurance package specially designed for such types of cars.