Your Aid Area

If you own a collector car in Phoenix and are debating what kind of insurance to carry, there are a number of factors you should consider that may affect your purchase of Phoenix collector car insurance.

It’s harder to find insurance for a collector car than it is to get standard auto insurance. You might go with a standard company if your primary vehicle is already insured with them and you like the convenience of a single policy. Take advantage of a multi-vehicle discount if they have one, but going with a standard policy can still be quite a bit more costly than insuring with a specialist.

When going with a small specialty company be certain they’re stable and reputable enough to be able to live up to the terms of their policy. Collector cars can be worth six figures and up, and you don’t want to go with a company that can’t afford to pay you if your gem should be stolen or totaled. Make sure the insurance company itself is insured!

Find a company that will insure your car on its “agreed value” rather than the book value at the time a claim occurs. Book value is typically much too low to cover the replacement of a beloved collector car. Having your vehicle appraised will help you establish its worth.

Once you find a company or agent to work, look at ways in which you can save on your Phoenix collector car insurance rates.

You will pay less to insure your pride and joy if you drive it on a limited basis. Most collector cars are driven only on weekends or around town. But if you plan to use it on a more regular basis or take long trips to car shows, for example, you need to state this before taking out a policy.

Phoenix is among the top ranked cities in the nation for car theft. Keep your car garaged and under lock and key at all times. This will reduce the risk of theft, protect from the elements, and is even a requirement on some policies.

Find out if your Phoenix collector car insurance policy allows you to choose your own specialist for repairs. The best companies will allow this since they know it will help the car keep its value.

Make sure you know how your coverage will change if you do any modifications to your classic. Restoration projects are commonplace among classic and collector car owners but they can also change the insureability of a car. Be sure whatever project you’re contemplating will be covered.

Last but not least, be sure to shop around for the best policy to suit your needs at a price you can afford. Insurance premiums can vary by hundreds and even thousands of dollars for the same coverage so don’t just go with the first rate quote you get. You can get 12 auto insurance quotes online and compare Phoenix collector car insurance rates from the comfort of home.

Comments Off