August 10, 2016
Owning a classic or retro vehicle is certainly a great thing especially if you love cars and appreciate the history of this industry. There are countless classic car appreciators and enthusiasts all over the country many of which devote their time and money into restoring and repairing old cars. The beauty of a vintage vehicle that has been returned to its original functioning state or taken on a new level with better equipment used in them running the roads is definitely rewarding both for the car owner and the people who see it. Yet there’s a bitter pill to swallow when you own such a car as well since getting car insurance for a classic or vintage car can be challenging at times and may require you do be more picky about the insurer to buy from.
It’s not that ordinary car insurance providers don’t service vintage or classic cars, they actually do. Still you will have to go to an independent appraisal service in order to determine the actual value of your vehicle as opposed to its market value (that diminishes with time and is rather low with vintage or classic vehicles). After getting an appraisal that takes into account the money and work invested into restoring the vehicle your insurance company will issue the requested policy with the amount of coverage you needed. The problem is that if anything happens to your car they will send it to a typical repair shop that will certainly lack the equipment and staff that would be able to adequately repair your vehicle. That’s certainly off-putting if you have spent hundred of hours in the garage and don’t want anyone to ruin your whole work. If that’s the case you should look for a specialized car insurance provider.
Specialized car insurance companies are present in all states. And while having less customers which usually leads to higher Car insurance quotes they are known to offer adequate services and have vintage car repair experts at their disposal. Of course shopping around also makes sense with such companies as they will give you the chance of getting a cheaper policy but since there are less customers involved there won’t be such a prominent difference in the rates you’ll get from different providers.
Still no matter what type of insurance company you choose to get your policy from there will be certain limitations with your coverage. One of the main limitations is your yearly mileage that should be rather low. Another important requirement is the storage conditions of your vehicle as it should be kept in a garage. But since most vintage and classic car owners don’t use their cars as ordinary everyday vehicles that shouldn’t be a big problem. Taking that such cars are mostly used on special occasions and often get delivered to fairs and expos with special trailers such rigorous requirements won’t be off-putting as for ordinary vehicles. So it really depends on the extent of work and the special requirements you would have towards the expertise of repair shop workers when choosing an ordinary or specialized insurance provider.
July 10, 2016
As car owners and mandatory insurance company customers we all know that comparison shopping is crucial for finding affordable policies for our cars. Every now and then we are forced to start comparing quotes from different providers simply because it gives us a chance to get a policy for the lowest price possible. Sure, this method gives certain benefits and delivers a significant money saving potential. However it is really important to use it right and most important at the right time. So let’s learn a bit about proper timing when it comes to shopping around for auto insurance in order to avoid making unpleasant mistakes.
Most of us remember about renewing the insurance policy when the term has already passed and you have no choice but to renew the current policy with your current provider. Comparing car insurance quotes as this point doesn’t make any sense because it will be a simple waste of time. Sure, if you’ll manage to find a good deal you can cancel your current policy and buy a new one. However don’t be surprised to get a higher rate with your new policy after buying it because your old provider will make an entry about your late cancellation and other providers will know about it. And that’s definitely not what you want when comparing car insurance quotes in the first place. It’s all just a matter of right timing when shopping around.
The best time for doing your comparison shopping is several weeks prior to the renewal date of your policy. You can actually cancel your policy in 30 to 45 days before the renewal date (depending on your provider) without receiving any penalties. So this is the best time to shop around for a new policy. If you happen to find an offer that is more competitive you should closely study its contents, buy it if it really suits you and notify your current insurance provider regarding policy cancellation. Don’t do it without buying the policy or after the renewal date comes because you either risk being uninsured for a period of time or ending up with a penalty for breaching the contract provisions of your old policy. You may think that several days without proper auto insurance won’t be much of a problem since you probably don’t use the coverage at all. However it may happen that during this period you will have an accident and will be forced to cover the costs out of own pocket. Do you want to take such a risk upon yourself?
Comparing car insurance quotes is definitely one of the most effective ways to get a good policy. And it’s really simple these days with all those sites offering free quotes to compare. Just make sure you get the quotes from companies working in your state and that you’ll buy a policy only when the right time comes. This way you can save a lot of money on insurance rates so it’s in your own interest to be calm and precise when doing it.