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There are some hobbies that don’t really cost you much to maintain and work on. There are, however, a few that can be pretty expensive, but often give you the kind of satisfaction that is unparalleled. Classic car restoration is one such hobby. Sourcing a car to restore, investing in parts, and actually working on putting it together does not come easy on the wallet. But, at the end of the day when you have a classic beauty standing in your garage looking like it just rolled off the factory floor, you will be pleased. For some, this remains a hobby, and for others it becomes a type of income source. No matter what your intentions, the right kind of antique car insurance is something each collector cannot live without.
Staying loyal to a brand
In some cases, car enthusiasts remain loyal to a particular brand and often know every nut and bolt that makes up the whole car. It’s best to go with what you know well, especially if you are a novice classic car restorer. Mainstream brands are always a good bet a good bet to restore because their parts are more readily available – like the 1963-65’ Buick Riviera, the Chevrolet Bel Air 1953’-54’, or the Pontiac GTO 1971-72, among many others. If you are really serious about this hobby and have the money to invest, you could get yourself a few cars each year and look at completing restoration work on them one at time.
The plus to having a vintage car
There are many advantages to having a vintage car, but before you get into those, you need to know whether your car qualifies as vintage or not. Thanks to the sudden spurt in the manufacturing of cars in the 70’s, a number of models from this decade do not technically fall under the category of vintage. That being said, there are several modifications, limited edition features and the like that qualify a car as vintage or classic. Getting an expert second opinion on the potential value of a car is always important before you make a purchase.
With your classic car well cared for, you can now enjoy some of the advantages it offers you. The make and aesthetics of the car will always remain unique in the modern context and will have many heads turning in admiration. Even if you never think of selling these cars, the satisfaction of knowing that they do have a high resale value is always reassuring. These cars will give you endless entertainment and a host of potential new connections through the shows and races you will be able to attend with your car. Lastly, for a person who loves to tinker with motors, you have the freedom to experiment and learn something about the classic cars of yore.
How insurance helps
There are insurance policies that come into effect for the time that you are restoring your vehicle. All you need to do is provide sufficient evidence that it is being restored. The premiums offered by most collector car insurance companies are often lower than what your regular car would cost you, especially since these cars are rarely driven or involved in accidents. The advantages are that you have no deductibles in these policies and that you can insure your car for the specific value that it is worth.
All these make your hobby worthwhile and even give you an upper hand should you decide to sell your car. So if you are in the market for some of the best insurance policies for your classic car, whether it is being restored or already is restored, Classic Auto Insurance is the best choice for policies that can be customized to your need. Get a free instant online classic car insurance quote today!
Sources
1. http://www.hemmings.com/hcc/stories/2010/06/01/hmn_feature2.html
2. http://lendingcar.com/?p=163
3. http://www.savvyhousekeeping.com/the-pros-and-cons-of-owning-a-classic-car/
4. http://www.wikihow.com/Get-Car-Insurance-for-a-Classic-Car
5. http://www.bankrate.com/finance/insurance/an-auto-insurance-quote-for-your-older-car.aspx
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.
