American muscle cars are high performance vehicles designed with powerful engines. Getting the right coverage for these collectible vehicles is very important. This protects your investment and lowers unexpected expenses in case your vehicle breaks down.
Many owners still think that standard auto insurance will save them money. The truth is, a standard policy would cost you more money. The reason behind this is how these insurance policies are designed. These policies differ on how a car's value is appraised. Insurance for vintage vehicles uses agreed value while standard auto insurance uses actual cash value. Actual cash value assesses your muscle car by the year it was manufactured. The older it is, the lesser it is worth. This can be unfair for collectors because of the modifications and time spent in maintaining the vehicle. Standard auto insurance doesn’t consider these factors which causes the value of your car to be lesser than its real value. With classic car insurance, the body and engine works done to your vehicle are considered during appraisal.
If you want to get the best policy for your vehicle, consider requesting a quote from Classic Car Ins and see the benefits you will get from us.
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.