One of the most popular concerns of vintage sports car owners is finding an affordable insurance with great coverage and benefits for their cars. Standard insurance companies may give you higher insurance premiums just for the fact that you own a sports car. Sports car owners are usually put on the “high risk” category of clients because standard auto insurance companies consider fast cars as high risks for accidents.
How can you save with this type of insurance? Hot rod insurance companies, like Classic Car ins, appraise your car based on an agreed value. With agreed value insurance, the amount you and the classic car insurance company had decided on is fixed. This means, you won't have to worry about the value depreciating through the years. Why is this important? Getting a fixed value on your street rod insurance protects you from unnecessary expenses in case your car gets in an accident. If your car is wrecked in an accident and the company has to pay for it, you'll get the full amount you and the company agreed on. With a standard auto car insurance, your car may be reassessed for its value. The reassessed value is most of the time lower than the original value your car was appraised for.
Making sure you got your car and your finances covered is a smart way of owning a sports car. Get your free antique car insurance quote and see how much you can save on your hot rod insurance 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.