Finding The Right Cheap Classic Car Insurance For You If you pick a qualified policy, insurance on classic motor cars doesnt have to be as expensive as you may think. Insurance companies understand that the car being insured can be a collectible, which cars are often better maintained and driven more infrequently than modern commuter vehicles. Unfortunately, choosing the right policy is how many motor motorists go wrong. Over half all classic cars are insured by way of a mainstream motor insurance company, as opposed to a specialist who deals in motor cars. The insurance industrys solution to this problem can be an optional coverage they call stated-amount coverage. Heres the way it operates: You collect and please click the following website Source Webpage linked web-site send for your insurance company both interior and exterior photos with the car and also a market-value appraisal coming from a competent appraiser. The car will be listed on the policy for $10,000 (or whatever its worth), therefore you pay reduced based on that $10,000. Some people only drive their collector cars during certain seasons, like summer, to attenuate the exposure in the car for the elements and reduce the chances of it sustaining significant damage. After all, your collector car is a lot like driving a work of art so you need to preserve its beauty along with its value. So what could be the best way so that you can avail of insurance discounts if you are a new driver? The truth is everthing starts at school. Did you know that most car insurance policy companies are considering the report card of your teen driver? If they discovered that you have a B average with your recent school report card, you will subsequently be tagged as being a lower risk driver. This means that it is also possible that you can take advantage of lower rates when getting classic motor insurance. In case your school or college have drivers education course, sign up for that class and educate your insurance company about your performance. Owning a special vehicle does will cost more and you will pay more for vintage car insurance policy. One of the factors that figure out how much your monthly premium will be is the valuation on your vehicle. The more valuable your car the more you will need to pay for insurance. The more rare or collectible a car will be the more money its worth. If your car is rare it can probably be difficult to acquire car parts. This is another reason why for an insurance carrier to raise your monthly premium. Due to the cost involved, you will find owners of classic cars who consider getting standard insurance.