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Collector Car Insurance

Collector Car Insurance

Insurance Coverage Considerations

Different insurance providers have varying guidelines and procedures when it comes to insuring collector vehicles. In general, however, insurance agents will consider certain criteria before approving you for a collector car insurance policy. Primary vs. Secondary Vehicle Most owners of collector cars also own one or more additional vehicles that they drive on a daily basis. The car insurance company will consider whether you use your collector car as your primary vehicle when deciding whether to cover the car. NOTE: Your car insurance company may also require that any driver who uses the car have a minimum amount of driving experience (e.g., 5 years). Amount of Vehicle Use Generally speaking, collector cars are expected to make fewer regular trips out of the garage than your average day-to-day vehicle. However, most collector car insurance policies cover a wide range of uses from weekend pleasure cruises to treks to auto shows and conventions. If you plan to race your collector car, you may not be able to get collector coverage. Speak with your insurance company about your options.

Determining Your Premium

Like all forms of auto insurance, the rates and coverage policies for collector car insurance can vary drastically from provider to provider. The following factors will play a role in your rates:
  • Your car’s make, model, and year.
  • Your driving record.
  • How you primarily use your vehicle.
  • Your deductible.
  • Your chosen coverage limits.
  • Any applicable discounts.
The best way to ensure you find the best coverage at a low cost is by shopping around and comparing collector car insurance coverage.

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