By Karla Sullivan
It was a summer evening as they began to stroll the downtown streets. It was the annual antique car show. And how he loved cars. She watched him ooh, ah and reminisce over the elegant engines back in the day and mesmerizing the ladies with his first love.
Cars are a man’s defining moment.
And as she delighted in his spirit, following his lead, she saw it too; her eyes wide with excitement. In some ways, her first love and definition as the 1966 white Delta 88, in stellar condition, stood before her, waiting.
Her father’s car when she was a child and only 27,000 dollars; that didn’t include the cost of insurance for classic cars.
Your current auto insurance policy may not be the best for insuring your classic car, according to Geico.
If you have a truly collectible car then make sure you explain this when obtaining a car insurance quote. Remember, traditional car insurance coverage is based on depreciating value.
In the situation of a collectible car, you want to make sure you obtain full coverage for all that you have invested in the vehicle. Two ways to differentiate between a collectible car and a just plain “old” car is the amount of money and time invested in the vehicle and the rarity of the car.
Classic car insurance coverage assumes you have another vehicle, since few collectible cars are used as the primary source of transportation. Limited driving results in reduced risk.
Consider unbundling your regular car insurance from your collectible policy for the most affordable rates. Expect to demonstrate age, pleasure use status, garage housing, and other typical elements of care associated with a collectible car.
Verify that your car is, in fact, a vintage model.
It is important to determine whether or not you car qualifies as a collectible. Just because it is older does not necessarily mean that it is a vintage model. It is important for you to get the correct insurance coverage for your car.
