Many hot rod collectors settle for a standard auto insurance because they think this would be sufficient to cover their needs. Actually, this costs more and the vehicle is not properly assessed. Hot rod insurance offers better benefits compared to ordinary auto insurance.
Hot rod insurance uses agreed value to appraise your vehicle. It takes into consideration the amount you spent on restoring your vehicle and other modifications. In standard auto insurance, the value of your car is usually based on the age of the vehicle. The older the car is, the lower is its value. This value depreciates after a while and your premiums get higher. Classic car insurance companies customize their policies to satisfy a hot rod owner’s needs. They know that owners take really good care of their collections because they are rare. This personal risk management enables insurers to lower their premiums on their policies. They also add special benefits like auto roadside service with no additional cost. This means all your needs are consolidated on one policy. This reduces the hassle of managing several plans. They also give you car club membership so that you can interact with other hot rod collectors. You can save more money if you get hot rod insurance for your muscle car instead of standard auto insurance.
Hot rod insurance provides you the best coverage for your vehicle. It has more benefits compared to standard auto insurance but costs less. To learn more about this great deal, request for a classic car insurance quotation today.
About the Author
Drew Yagodnik is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.