Never Under-Estimate Accident Damage If you pick a qualified policy, insurance on classic motor cars doesn't have to be as expensive perhaps you might think. Insurance companies are aware that the automobile being insured can be a collectible, these cars tend to be better maintained and driven more infrequently than modern commuter vehicles. Unfortunately, choosing the right policy is when many motor motorists make a mistake. Over one half of all classic cars are insured with a mainstream automobile insurance company, rather than specialist who deals in motor cars. Hagerty Classic Car Insurance is offering specialty collector vehicle insurance since 1991, and it is one of many largest and quite a few well-known collector auto insurance companies. They are car collectors themselves, so that they comprehend the insurance needs of other classic motorists. Their policies offer: Since there is not any one universal definition for the classic car, you have to be sure that your vehicle is inserted to the insurance policy company's concept of the classic car before you even request an insurance quote. Some companies consider all older restored cars including antiques, as classics. These companies can also include rebuilt street rods and tricked out vehicles into their definition. Other companies keep to the standard specification of an auto that may be no less than two decades old but still maintains its value or increases in value. In case you have chosen to get a high end car, you are classic car insurance for under 25 able to compare the premiums from the data base from the Association of British Insurer to get the one which contains the lowest premium. The insurance companies also look at the repair costs while fixing the slab, therefore it is best if you do your homework about the car model that you're planning to buy. If spare parts cost a lot or tough to procure, repairs will tend to be a pricey affair and time-consuming it can easily be worth looking at a another model. Once that you've determined your car is a real classic or perhaps an antique, it is possible to talk with an expert regarding the proper sort of vehicle insurance you will require for this. There will probably be some mileage requirements, for instance an upper limit of 5000 miles don the automobile each year, and some companies have special add-ons for additional miles. The reason for it is that the classic car is generally not the leading vehicle currently in use for driving, along with the policy cost less if it's a finite mileage policy.