So what's the difference between standard and classic auto insurance? There are many reasons why vintage cars are more affordable, such as less driving and better protection. But one of the most important factors that make rates more affordable is a high regard for personal risk management.
Collectible car insurance rates are lower because the majority of these agencies' clients are low risk drivers: they are meticulous and take the proper precautions when caring for and operating their vintage vehicles. With such careful drivers, insurance agencies typically have far less claims to pay for than standard insurance agencies. These factors enable insurance agencies to lower rates for collectible car owners.
To help you with your personal risk management, agencies like Classic Auto Ins may ask new owners to:
-store your vehicle in a fully enclosed garage
-have another vehicle you use for everyday driving
-have the best roadside assistance program on call
-not use your vintage vehicle for general transportation
Being a low risk driver really makes you a better investment (and saves you money!) in the long run for both the insurance agency and your vehicle's longevity. Personal Risk Management is truly a win-win situation.
For more information on which car insurance quotation is right for you, contact Classic Auto Insurance for a free quote today, or feel free to chat with one of our agents at 800-397-0765.
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.