Is Insurance Cheaper For Antique Cars

Yes classic car insurance is typically cheaper than standard car insurance largely due to lower risks.

Is insurance cheaper for antique cars. Stated Value vs Agreed Value. This is not always the case. Most people keep classic cars in a garage which means theyre better protected from storms and theft.

And since most classic cars arent your daily commuter ride youre less likely to. You may think that since a classic or antique car is used and driven less than a standard car it will be cheaper to insure. Generally to get insurance for classic collector vintage and antique cars or trucks your vehicle needs to be parked in a garage used as an extra car and not your daily vehicle and kept in good working condition.

If you are a connoisseur of classic cars and have one or two or three or four in the garage you need classic antique car insurance. Thats why antique collector car insurance is usually cheaper percentage-wise compared to regular auto insurancethe classic cars are a lower risk since they are driven less and the owners take greater care to preserve their prized property. Classic and collector cars are also by virtue of their value and rarity more likely to be stolen or vandalized making insurance all the more important.

Once these quotes get produced then the insurance shopper has options. The car owners must however verify the credibility of such companies. The easiest way to shop for insurance including old car insurance is by getting insurance quotes.

Dont worry though while classic cars are often pricey collectors items classic car insurance can actually be cheaper than standard auto insurance. If your car doesnt qualify for classic auto insurance a standard auto insurance policy may be a better option for you. A few insurance providers will even classify certain cars as classic when theyre just past 10 years old.

Yes imported cars often cost more to insure because their parts tend to be more costly and harder to find. Its a matter of answering a specific set of questions so the quotes can be obtained. Here at Admiral our Pricing Team has calculated the 5 most popular classic cars to insure based on.