[et_pb_section fb_built="1" _builder_version="4.0.9"][et_pb_row _builder_version="4.0.9"][et_pb_column type="4_4" _builder_version="4.0.9"][et_pb_text _builder_version="4.0.9"]<h2 class="h1 text-tc-blue-800 font-weight-bold" style="text-align: center;"><span style="color: #0a0a0a;"><strong>Why Vintage Car Collectors Pay 25% Less For Coverage</strong></span></h2>[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="4.0.9"][et_pb_column type="4_4" _builder_version="4.0.9"][et_pb_text _builder_version="4.0.9" hover_enabled="0"]<div align="center">
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<p style="text-align: left;"><span style="color: #0a0a0a;">Antique and vintage cars can be both a rolling work of art and a trip down memory lane. Whether you own an original Model-T Ford, a ’57 Chevy Bel-Air, or a sleek antique Jaguar, your collector car is most likely one of your most prized possessions. You'll need the right insurance protection to make sure your car is covered, and your investment is safe.</span></p>
<h3 style="text-align: left;"><span style="color: #0a0a0a;">What Kinds of Cars Are Eligible for Collector Car Insurance?</span></h3>
<p style="text-align: left;"><span style="color: #0a0a0a;">Several types of cars are eligible for car collector insurance. These typically include vintage and antique cars, classics, “modified cars,” and “exotics.”</span></p>
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<li><span style="color: #0a0a0a;">“Vintage or antique” cars are usually at least 20-25 years old. They must be as close to original condition as possible.</span></li>
<li><span style="color: #0a0a0a;">“Classic” cars are usually between 15 and 20 years old; like antiques, they must also be in original (or near original) condition to be eligible for collector car insurance.</span></li>
<li><span style="color: #0a0a0a;">“Modified” vehicles are classic cars that have been altered in some way from their original condition. Most carriers allow up to three significant modifications to the vehicle. Any more than that disqualifies the car from vintage car insurance coverage.</span></li>
<li><span style="color: #0a0a0a;">“<a data-item-id="41a85d7a-3609-51cb-aa2b-01336f8a5157" href="https://www.trustedchoice.com/car-insurance/auto-coverage-types/vehicle-types/exotic-car-coverage/" style="color: #0a0a0a;">Exotic</a>” vehicles are typically less than 15 years old, but nevertheless are already beginning to appreciate in value.</span><span style="color: #0a0a0a;"></span></li>
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<h3 style="text-align: left;"><span style="color: #0a0a0a;">Collector Car Factoids</span></h3>
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<li><span style="color: #0a0a0a;">The original 1964-1965 Mustang was Ford’s most successful model launch since the Model A, in 1927.</span></li>
<li><span style="color: #0a0a0a;">The 1971 Oldsmobile 442 is the most popular classic muscle car with collectors.</span></li>
<li><span style="color: #0a0a0a;">The Shelby GT 500 “King of the Road” and the ’66-’70 Chevy Chevelle are a close second and third.</span></li>
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<h3 style="text-align: left;"><span style="color: #0a0a0a;">What Is Antique Collector Car Insurance?</span></h3>
<p style="text-align: left;"><span style="color: #0a0a0a;">The main difference between traditional cars and collector cars is that collector cars usually don't depreciate. In fact, they often increase in value. Moreover, collectors often add customized parts to the vehicle, not to mention hours of time improving the car. </span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">Thus, collector car insurance must be based on the "agreed value" of the vehicle at the time the policy is issued. The agreed value includes your entire investment in the car.</span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">Moreover, rates for antique collector car insurance are normally cheaper than they are for traditional coverage, since collectors tend to take better care of the vehicle and drive it less than they do a car meant strictly for transportation.</span></p>
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<h3 style="text-align: left;"><span style="color: #0a0a0a;">How Can I Qualify for Vintage Car Insurance?</span></h3>
<p style="text-align: left;"><span style="color: #0a0a0a;">Remember, the descriptions above are generalized. Every <a data-item-id="ca3be4e0-5172-5966-93b5-61d145b79a3b" href="https://www.trustedchoice.com/car-insurance/" style="color: #0a0a0a;">auto insurance carrier</a> has its own criteria for defining collector cars. What one carrier considers an antique vehicle may not meet the criteria of another company. </span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">Typically, if a car is at least 20 years old and is in near factory condition, most carriers will consider it antique or classic. Classic cars with considerable customization may be categorized as modified. It all depends on the individual insurance provider.</span></p>
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<h3 style="text-align: left;"><span style="color: #0a0a0a;">What Is Agreed Value, and Why Is It Important?</span></h3>
<p style="text-align: left;"><span style="color: #0a0a0a;">The <em>agreed value</em> of your antique or collector car is a value that both you and the insurance company underwriters can agree on. </span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">Using photographs, receipts, repair documents, and other information, both parties come to an agreement that the car is currently worth a certain dollar amount, and should be covered for a maximum of that amount in the event the car is totaled. </span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">The agreed value is different from the actual cash value, which is based on the age, mileage, and overall condition of the vehicle as well as other factors, including depreciation.</span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">The reason agreed value is important for an antique or collector car is that you are the only one who really understands how much you have invested in your vehicle. It takes into consideration the amount of time and money you have spent restoring the car, as well as how much you might charge if you sell it. </span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">Normally, insurance carriers are willing to offer you the amount of coverage you desire; however, the greater the coverage, the more expensive your premium will be.</span></p>
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<h3 style="text-align: left;"><span style="color: #0a0a0a;">How to Buy Collector Car Insurance</span></h3>
<p style="text-align: left;"><span style="color: #0a0a0a;">There is very good news out there for collector car owners and buyers - because your prized vehicle is well loved, cared for, and not driven as frequently as "everyday cars" that most drivers use, your rates for insurance will be relatively inexpensive. In some cases, classic cars were priced at only 25-35% of the cost of standard vehicles.</span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">To buy collector or vintage car insurance, be sure to review quotes from multiple insurance companies. Make sure you find an insurance provider that is familiar with specialty vehicles and can custom-tailor a collector car insurance policy that meets all of your needs. </span></p>
<p style="text-align: left;"><span style="color: #0a0a0a;">Search for insurers that are highly rated, and agents that have consumer reviews.</span></p>
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<div align="center" style="text-align: justify;"><span><span style="color: #000000;">To read the full article, </span><a href="https://www.trustedchoice.com/car-insurance/personalized-auto-coverage/car-collectors/">click here</a><span style="color: #000000;">.</span></span></div>[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]