Classic Car Auto Insurance Explained Insurance for cars vary with respect to the sort of car you are insuring. For classic cars mainly the insurance plan and policy vary than that of the modern cars. In an event where serious damage is caused in the accident, a modern day car can often be replaced but as for the classic car, pet owners often prefer repair or reinstatement of their damaged vehicle. There is no official fixed definition of a classic but taxation cut off dates often offer an indicator. All cars built before 1st January 1973 are exempt from paying annual road tax and display a historic vehicle sticker. Some insurance firms will still only offer classic insurance policies on vehicles after that date, but some will consider yours when it is over a decade old. Many companies require the owner have a minimum of 5 years of driving experience. However, some companies may require the driver to own decade of experience. Others expect for the trucker to become a minimum of twenty-five-years of age. As with most insurance companies, security individuals vehicle is essential. Most companies will need you store you vehicle inside a garage when it is not in use. Others companies might have to have a alarm system. Since antique and classic motor insurance has such restrictions, it can be less expensive than standard car insurance. Liability coverage for you vehicle can cost lower than one hundred dollars annually. However, like with other pursuits from the past, replacement parts etc are a lot more difficult to obtain, and consequently, tend to be higher priced too. Therefore, it can be for this reason that numerous insurance providers necessitate that these cars are kept safe and somewhat guarded in sheltered garages. This is so that the possible number of insurance claims to the must replace components and repair because of damage is lowered. With such restrictions, one has to be particularly careful when assessing insurance policies covering classic cars. Although its possible to accept the truth that the premium is higher due to its value, but with such restrictions, it ought to lower the expenses of insuring classic cars. In order to lower the cost, some insurance companies would customize their policies in accordance on the needs in the applicant. They could lift the mileage restriction altogether but limit your usage of the classic car as your basic transportation. That is to qualify; you have to bosch hoover hoover cheap have another vehicle to use for your evryday needs like driving to be effective for example.