If you own a classic car, you must know that getting an antique car auto insurance is very important. With street rod insurance, you will be confident that your car is going to be protected from any damages that it may incur. Antique collector car insurance is different from ordinary auto insurance as it uses an agreed value car insurance as compared to how ordinary auto insurance companies appraise their customers’ vehicles. An agreed value car insurance puts a fixed price on your collectible cars.
As with any kind of insurance policies, there are ways to help you lower your monthly antique auto insurance payments. One way of pulling the price down is through personal risk management.
Personal risk management, is a method where you determine several threats that may occur while your car is insured. Once you’ve determined these threats, you will then come up with measures to prevent these accidents from happening. The key is to be able to control these threats.
Personal risk management is a cost-effective way of managing the amount you pay for you antique car insurance. You can’t just depend on your antique collector car insurance to pay for the damages your car may incur. Besides, the more accidents your car gets into or claims you make, the higher your payments on your classic antique auto insurance will be as you may be tagged as a high-risk client.
Learn more about classic car insurance and get your collector car insurance quote 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.