If you're the owner of an antique car, standard auto insurance won't be an adequate solution for you. Imagine if your antique car is stolen or damaged and need spare parts and repairs, such costs could go sky-high and that's why your choice should be antique auto insurance.
Insurance companies usually divide antique cars into three groups according to their age:
* classic cars, older more than 17 years,
* vintage cars, made in period 1903-1933, and
* antique cars, made before 1903.
This categorization is based for the purpose of insurance rates.
Since there are not many antique automobiles, their market price usually goes up as the years go by. As we have already mentioned, possible expenses regarding repairs would be pretty high, not to mention the fact that you might not be able to find spare parts if needed. In addition, if you decide to take your four-vehicle pet to an antique car exhibition, you have to have insurance that would be able to cover your car during transport and the exhibition itself.
Even though companies that offer antique automobile insurance sometimes insist on professional appraisal, you might also ask for that, because in case something happens, you would know that you'll be adequately compensated.
Since there are insurance companies whose professional specialty is antique auto insurance, experts' advice is to opt for those, if possible, even if they charge a little bit higher that "normal" insurance agencies, because they would certainly cover wider range of possible situations.
When deciding about the amount of insurance coverage you need to have, there are several thing that you need to take into account: sum of money you have put into your antique vehicle, all the time invested and last but not the least - the non-material, sentimental value your car has for you.