It would be a mistake to buy the same type of coverage for your classic car as you do your family vehicle. If you were to get in an accident, you will certainly be sad for that selection. If your classic car gets totaled, you'll get the real money value for your car, which is usually pretty small.

Consider a classic car insurance policy option however; you often have to meet certain criteria to apply for them. You must have a minimum number of years of driving experience. Classic cars that are used for business purposes will not be covered.

The insurance company will verify that you have another car for everyday needs. You cannot drive the vehicle over a set number of miles per year and the automobile must be a certain number of year's old. If you meet these criteria, then you may be able to purchase classic car insurance.

Still, not all auto insurance providers will insure classic vehicles. Once you locate a provider that does, the price is usually smaller than the cost for an everyday vehicle. The ideal kind of auto insurance plan for classic cars is an agreed value policy.

Before you buy a policy of this type, you must sit down with an agent and agree on a value that will be paid in the event that your vehicle is totaled. The insurance representative will provide you with an estimate for this kind of plan.

If you are in an accident and the damages to your classic car are less than the agreed value, your insurance provider will pay for the repairs. If the charge to fix your car is bigger than the agreed value, you will get your preset agreed amount. This is without question, the preferred auto insurance policy for a classic car.

Ordinary auto insurance is typically more costly than the classic car insurance, but those businesses have some provisions that have to be met in order to be eligible for their programs and get those high-quality rates.