News for the ‘Classic Car Insurance Quotes’ Category
How do I get a classic car insurance quote online?
Nowadays, many insurance companies offer a non-binding online quote service, which can generally be completed in a matter of minutes. Insurance quotes for classic car insurance, although they can be somewhat more involved than regular car insurance quotes, taking into account a number of additional factors, aren’t all that different in this respect. The following is a walkthrough for a couple of select online quote services for classic car insurance, which should give you some idea as to how simple it is.
For the purposes of this experiment, I’ll be using an imaginary non-modified 1929 Ford Model A pick-up, garaged in Sacramento, California, with a value of $10,000 and annual mileage of 1000.
First, I’ll get a quote through Grundy Worldwide. The link to the quote service is displayed prominently on the front page of their website. Initially, you’ll have to enter some personal information: name, location, phone number, email address, and so on. On the next page is the information about the vehicle itself. You enter the year, make, model, Vehicle Identification Number (this is an optional field), agreed value, and whether the vehicle has been modified or not. You can then select your liability coverage: $100,000, $300,000, or $500,000. I’ll select $100,000. You also appear to have a choice as to whether or not you want “comp and collision” coverage, but in this case it’s the only option available. You can then add more cars to your quote, but I’ll stop with just this one.
After clicking “continue,” I receive my quote: a liability rate of $30, comp and collision rate of $55, and $1 of tax, for a total of $86. Grundy notes that their online quotes do not include the driver’s age or record or some other factors which may lead to slightly more expensive premiums.
Also, I am now going to use American Collectors Insurance’s website to get a quote for the same vehicle. They first ask for your state, name, and email address, which you can later use to register with their site and save your quote for future use. Next, you are asked to input information about your vehicle, selecting a vehicle type (from a list of “Original, “Modified,” “Replica,” “Kit,” or “Exotic/Special Interest”), year, make (from a drop-down list), model, agreed value, annual mileage, garaging structure (from another drop-down list), and whether you are currently in custody of the vehicle. On the next page, you have a choice in terms of your comprehensive deductible ($0, $250, $500, $1000, or 5%, 10%, 15%, or 20% of the vehicle’s value), collision deductible (the same choices, as well as the option to reject this deductible), and whether or not you’d like liability coverage. I select the 5% options for both deductibles, and “yes” to liability coverage. Note that, when you’re going through American Collectors’ quote process, you’ll see detailed information about each field as you complete it, so everything is made quite clear.
After this, you’ll see your estimated premium. In this case, it’s $96.75, which includes American Collectors’ “TLC” plan and $500 of spare parts coverage. You can also click on a button reading “Detailed Estimate,” which will give you a comprehensive breakdown of how the total premium is derived.
Edited: July 24th, 2009
Insurance Quotes From Classic Car Insurance Specialists
No matter what kind of insurance you’re looking for, there are a number of ways in which you can get a quote: in person, by telephone or mail, or over the internet. Providers that specialize in vintage and/or antique car insurance, although they offer somewhat different services (which can include, for example, flexible rates based on mileage as well as numerous different kinds of coverage), are no different.
Nowadays, most insurers will provide you with a quote instantly via their websites. You’ll usually be asked to provide a range of information in order to receive an accurate quote. First, you’ll input basic information such as date of birth and location data, possibly including the location of the vehicle’s registration as well as the location where it’s garaged.
Then, you’ll probably be asked to enter information relating to the car itself. This almost always includes the make, model and year. The type of vehicle (car, truck, motorcycle, etc.) may also be required. Most classic car insurers use an agreed-value system, in which cases you will be required to enter your valuation of the vehicle, as well as whether it has been modified or not. You may also have some choice as to your deductible. Information concerning the garage in which the car is stored, mileage, and more may also be requested.
Your quote will be revealed after all information has been submitted. For example, a hypothetical non-modified 1962 Mercedes-Benz 190SL registered in Florida with a valuation of $60,000 was given these quotes from classic car insurers: Hagerty - $509; Grundy - $429.25; American Collectors - $427.18. Of course, these quotes contain much more detail than just the annual fees themselves and are based on numerous variables. They almost always list liability details, and most provide you with the opportunity to view a detailed breakdown of the things that help make up the final price. Finally, many companies will allow you to register and save your quote for comparison purposes so that you can come back later and officially apply for insurance.
It generally takes just a few minutes to obtain a quote online, regardless of the uniqueness of your car. For vintage vehicle owners, it’s definitely worth the effort to take this time to compare quotes and see where the best value can be found.
Edited: July 22nd, 2009