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 general rule, any car which was manufactured more than thirty five years ago can be classified as a classic car. It is very important to insure your classic or vintage car against all types of damages and thefts. You can get the car insurance form any car insurance company but it is generally advised to get it from a company which specializes in a 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 company will consider a few things while deciding the value and premium amount for your car. Some of these include the age and make of the car, the driving history of owner, the cost of repair and spare parts, the way the car is kept and maintained. Since these are vintage cars, they are expected to be kept nicely in a garage instead of pavement or road.

Most likely, the mileage of vintage cars is pretty low since these cars are not used for daily commuting. These cars are usually driven for pleasure or for show-off in exhibitions. Mostly, the insurance agencies put a limit on mileage of around 5000 miles per year. Vintage cars are very precious for their owners therefore it is imperative that they get comprehensive coverage for their classic cars.