By Keith Farren
People who own and drive collector cars have different needs for their collector car insurance than they have for their cars that are driven every day. A collectible car is by definition "special", and so it has special considerations to take into account when it comes to insurance. Your everyday insurance provider that insures the vehicle you drive to work is accustomed to dealing with claims on modern cars that depreciate in value as they age, and the average owner doesn't notice the difference between a $2000 paint job and a $10,000 paint job. A company that specializes in collector auto insurance has several key benefits to offer the collectible car owner.
Benefit # 1: Lower Premiums - A collector car is normally only driven on a limited basis, stored indoors, not driven in bad weather, and generally leads a "babied" life. Most classic car insurance companies are also somewhat selective in who they will insure. These two factors allow the classic car insurance company to charge much lower premiums than conventional insurance companies, because they know that the collector's car is less likely to be in an accident.
Benefit # 2: Agreed Value Coverage - Most classic car insurance companies offer an Agreed Value policy, which means that you come to an agreement with the insurance company on what your vehicle is worth before the policy is written. If you have a total loss accident or theft, an Agreed Value policy will reimburse the total amount that was agreed upon when the policy was initiated. Very few conventional insurance companies offer a true "Agreed Value" policy. They offer a "Stated Value" or "Stated Amount" policy has a clause that allows them to only pay what they "think" the car was worth, and it makes the assumption that your collector car is depreciating like a typical used car!
Benefit # 3: They Understand Your Needs - Specialty collector car insurance companies understand your needs better than a typical insurance provider does because in many cases the insurance agents and possibly even the owners of the company are car enthusiasts or collectors themselves. They realize how much your collector car means to you, and they understand the importance of the car being repaired correctly so that it retains its value. When presented with a claim they will give you much less argument and more leeway to get your car repaired the right way the first time.
Benefit # 4: Repair Shop Of Choice - Many everyday insurance companies will only pay a set rate for collision repair at a high-volume body shop that does average-quality work on modern cars. If you take your car to a shop that specializes in restoration work, you may be left footing the bill for the difference in cost. Many antique car insurance companies will allow you to take your car to a specialty repair shop, and they will pay what it costs to have the car repaired the right way by a craftsman that is skilled in restoration work.
Benefit # 5: OE Parts - On a similar note, many everyday insurance companies will only pay for less expensive aftermarket repair parts. Using non-original parts can reduce the value of your vintage car considerably, as they may not fit as well as original equipment parts and an all-original car is always worth more. Many specialty insurance providers allow for the higher cost of using original equipment parts.
Benefit # 6: Perks and Special Situations - Some collector car insurance companies offer many other types of benefits, such as coverage for spare parts, memorabilia, tools, car trailers, coverage for overseas transport, etc. Some even offer medical coverage for personal injuries that occur at car shows, and "event disruption" insurance that reimburse car show entry fees and non-refundable hotel deposits if you miss an event due to a mechanical breakdown on the way there!
All in all, specialty collector car insurance companies have a lot of advantages for the classic car owner. If you own and drive a collector vehicle, you will find that an everyday insurance policy from an everyday insurance company is severely lacking in comparison.
To learn what key details to consider when choosing a collector car insurance company, visit [http://www.classiccarfinancingandloans.com/classic-car-insurance-quotes/]Classic Car Insurance Quotes. For a directory of the top collector car insurance providers, take a look at [http://www.classiccarfinancingandloans.com/classic-car-insurance-companies/]Classic Car Insurance Companies.
Keith Farren is an ASE Certified Master Technician with a BS in Business Administration, an Associate degree in Automotive Technology, and over twenty years experience in the automotive industry.
Article Source: [http://EzineArticles.com
Thursday, September 23, 2010
Wednesday, September 15, 2010
Car Insurance Companies: Car Insurance Companies: The Simplest Way to Pick ...
Car Insurance Companies: Car Insurance Companies: The Simplest Way to Pick ...: "Car Insurance Companies: The Simplest Way to Pick the Best Car Insurance Co...: 'By Scott Nichols Car insurance is as important as having yo..."
Tuesday, September 14, 2010
The Simplest Way to Pick the Best Car Insurance Company For Your Needs
By Scott Nichols
Car insurance is as important as having your car. The need goes automatically when you acquired the asset and it is more likely that you will do the best to have it insured properly. It is also a condition particularly to some states that before you can lawfully drive even with a valid driver's license, to be insured by a car insurance company. Basically with this information in mind, you are thinking to have the insurance be completed as quickly and precisely as possible. Today, there are several car insurance companies that can offer you for this need and the next important step for you to consider is to find the best car insurance company for your car. How can you possibly figure out the best car insurance company that will fit to your insurance needs?
Experience
The best car insurance company for your insurance needs should obviously have the right experience. It is imperative because it is how the company is being measured by the test of time. Although, we must not dwell on how long the company operates in the industry but on the quality of the services that they had made known to us. While some insurance companies spend lots of money in dazzling advertisement, the best car insurance company basically is worth every single penny that we have paid for them.
In short, a car insurance industry that is apparently can not last for another two years or so, has probably no intention to pay for an insurance claim. An insurance company with experience is the one who demonstrate a robust financial standing in the industry and will assuredly stands by its promises.
Pricing
You may want to take a closer look to the price of the insurance policy. When you aim to choose for the best car insurance company, a higher monthly, quarterly, or annual premium usually comes with a variety of services or added coverage or it is being offset by lower deductibles. The best car insurance company will not ask you for more than what is stipulated if you intend to be very specific for your car insurance coverage.
Beware of some insurance company who requires a higher premium apparently because this is how they wish to ask from their clients. Not unless a higher premium is your basis of choosing for the best car insurance company but yet there is no practical explanation for this. There are just companies who really have a high price for car insurance. In reality, most customers are looking for a policy that they find suited to their budget and would still covers their car insurance.
Lastly, the insurance company who is very eager to send you vital information about their policies and who gives you enough time to decide before choosing the insurance fitted to your needs is an indicator of a best one. Otherwise, in the absence of this sort of initiative from a company is an indicator that you may not take them into consideration.
CLICK HERE: [http://www.cheapcarinsurancequotesnow.com/best-car-insurance-company.html]Best Car Insurance Company A Site Full Of Resources for Finding The Best Car Insurance For Less [http://www.cheapcarinsurancequotesnow.com/]Save Money On Car Insurance
Article Source: [http://EzineArticles.com
Car insurance is as important as having your car. The need goes automatically when you acquired the asset and it is more likely that you will do the best to have it insured properly. It is also a condition particularly to some states that before you can lawfully drive even with a valid driver's license, to be insured by a car insurance company. Basically with this information in mind, you are thinking to have the insurance be completed as quickly and precisely as possible. Today, there are several car insurance companies that can offer you for this need and the next important step for you to consider is to find the best car insurance company for your car. How can you possibly figure out the best car insurance company that will fit to your insurance needs?
Experience
The best car insurance company for your insurance needs should obviously have the right experience. It is imperative because it is how the company is being measured by the test of time. Although, we must not dwell on how long the company operates in the industry but on the quality of the services that they had made known to us. While some insurance companies spend lots of money in dazzling advertisement, the best car insurance company basically is worth every single penny that we have paid for them.
In short, a car insurance industry that is apparently can not last for another two years or so, has probably no intention to pay for an insurance claim. An insurance company with experience is the one who demonstrate a robust financial standing in the industry and will assuredly stands by its promises.
Pricing
You may want to take a closer look to the price of the insurance policy. When you aim to choose for the best car insurance company, a higher monthly, quarterly, or annual premium usually comes with a variety of services or added coverage or it is being offset by lower deductibles. The best car insurance company will not ask you for more than what is stipulated if you intend to be very specific for your car insurance coverage.
Beware of some insurance company who requires a higher premium apparently because this is how they wish to ask from their clients. Not unless a higher premium is your basis of choosing for the best car insurance company but yet there is no practical explanation for this. There are just companies who really have a high price for car insurance. In reality, most customers are looking for a policy that they find suited to their budget and would still covers their car insurance.
Lastly, the insurance company who is very eager to send you vital information about their policies and who gives you enough time to decide before choosing the insurance fitted to your needs is an indicator of a best one. Otherwise, in the absence of this sort of initiative from a company is an indicator that you may not take them into consideration.
CLICK HERE: [http://www.cheapcarinsurancequotesnow.com/best-car-insurance-company.html]Best Car Insurance Company A Site Full Of Resources for Finding The Best Car Insurance For Less [http://www.cheapcarinsurancequotesnow.com/]Save Money On Car Insurance
Article Source: [http://EzineArticles.com
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