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About Collector Car Insurance

 
Jan 6, 2005
Contributor: john simth


Once you've purchased your dream car, you may discover it's not possible to include the vehicle on your regular insurance policy. The agent's insuring guidelines may indicate the vehicle may be too old to be covered by a standard policy. For example, some older vehicles like the fiberglass-bodied Corvette may also be excluded from regular policies due to the high cost of repairing the vehicle.

Specialized policies often require belonging to a club and limiting the annual mileage. Most of these policies will cover transportation to exhibitions, club activities, parades and very moderate occasional use. However, they usually won't cover the vehicle for routine or everyday driving.

Although, collector car insurance has been available for five decades, most owners of collectibles, specialty cars and street rods are still insuring them through a standard insurance company despite the higher cost and often more restrictive policies.



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