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Whereas most people are familiar with standard auto insurance coverage for commercial and private cars, very few understand the aspects of Memphis classic car insurance. Therefore, if you own a collection of antique cars, you may find it slightly difficult to get cheap antique car insurance coverage.

A lot of value is usually placed on vintage cars because acquiring and restoring a classic car costs a lot of money. As is the case with any other ordinary car, classic cars are exposed to a myriad of threats thus the need for a comprehensive coverage. Antique auto insurance is designed to protect your investment from risks such as theft, vandalism and accidental damages. Discussed herein, are tips on how to find cheap antique auto insurance. 

1.            How Rare Is Your Classic Car?


 Foremost, you need to take into account the scarceness and value of the classic car you would like to purchase. There are vintage cars that are quite rare compared to other and as such are hard to come by. Such cars tend to have high value and are extremely prone to theft. Repair costs are also high in case of damage. As such, insurance companies are more likely to charge you more in premiums if you own a limited vintage car. To save on premiums, consider purchasing a low-cost antique car.


2.            Guaranteed Valuation


 Prior to insuring your vintage car, it is paramount that you obtain a guaranteed valuation from the insurance provider. You need to agree on an amount that the insurance company will pay you in case your antique car is involved in a road accident, vandalized or stolen. A majority of insurance companies will reimburse the entire sum that was agreed on in case of accidents, vandalism or theft. On the other hand, there are insurance providers that will decline to reimburse the entire sum when filing for claims. Hence, you need to confirm and obtain a signed agreement that the valuation on the car has been guaranteed.


3.            Defensive Driving Courses


Vintage cars are not similar to modern cars. The technology used in the manufacturing process is different from the one used today. For example, classic cars use manual transmission. Navigation can also be a problem since the steering wheel is manual. Older drivers are more likely to qualify for reduced insurance rates compared to young drivers because of experience. To avoid being classified as a high risk driver when buying vintage car insurance, register for defensive driving lessons. By doing so, you will be able to enhance your skills thereby qualifying you for cheap antique car insurance.


4.            Park Your Classic Car In A Garage


Parking your vintage car in a garage helps in protecting it from hazards such as harsh weather, accidental damages and thieves.

For more information on insuring your vintage car, please give 1st Alliance Insurance Agency a call today at 866-429-8705.

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1st Alliance Insurance Agency
7040 Wind Stone Blvd, #150
Olive Branch, MS 38654
Toll Free: (866) 429-8705
Local: (662) 895-3499
Fax: (662) 655-4359

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