If you are the proud owner of a classic car, you don’t want to make the mistake of insuring it like you would the family mini van. You will be sorry if you get into a car accident. If your classic car gets totaled, you’ll get the real money value for your car, which is usually pretty small.

With a classic car insurance policy, you frequently have to meet specific standards to qualify. There is a minimum number of driving years that you must have under your belt. Classic cars that are used for business purposes will not be covered.

One will be asked to verify that they have a different vehicle that is used on a regular basis. The car can’t be driven in excess of a set number of miles annually and the vehicle must be a specific age. If you meet these criteria, then you may be able to purchase classic car insurance.

Still, not all auto insurance providers will insure classic vehicles. When you find a carrier that does, the cost is usually less than what you would pay for a ‘normal’ vehicle. An agreed value policy is the standard type of policy for a classic car.

Before you buy a policy of this type, you must sit down with an agent and agree on a value that will be paid in the event that your vehicle is totaled. The insurance representative will provide you with an estimate for this kind of plan.

In the event of an mishap if the costs to your classic car are within the agreed upon value, your insurance carrier will compensate for the repairs. If the charge to fix your car is bigger than the agreed value, you will get your preset agreed amount. This is without question, the preferred auto insurance policy for a classic car.

Ordinary auto insurance is typically more costly than the classic car insurance, but those businesses have some provisions that have to be met in order to be eligible for their programs and get those high-quality rates.

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