News for the ‘Classic Car Insurance’ Category
Classic Cars Being Auctioned Off In Washington
The Telegraph has a fine collection of pictures of some of the classic American and British cars being auctioned off in Washington at Hotel Murano, Tacoma, WA, 11 Sep 2009 to 12 Sep 2009 by Bonhams & Butterfields.
Check out the pics here.
Some of the cars being auctioned are:
1976 Jensen Interceptor Convertible
1989 Ferrari Mondial T Cabriolet
1964 Mercedes-Benz 230SL Convertible
1971 Jaguar E-Type Series III 2+2 Coupe
1999 Dodge Viper RT/10
1998 Ferrari F355-F1 Challenge
1963 Austin Mini 850 Traveller Woodie
1956 Mercedes-Benz 300SL Gullwing Coupe
1964 Bentley S3 Continental Coupe.
2005 Panoz Esperante GTLM
1937 Packard Series 1508 V-12 Convertible Sedan.
1937 Rolls-Royce Phantom III Enclosed Sports Limousine.
1956 Ford Thunderbird
1939 Cadillac Series Series 90 V-16 Convertible Sedan.
1966 Chevrolet 427 Corvette Coupe.
1935 Packard Series 1207 V-12 Convertible Coupe Roadster with Rumbleseat
1957 Porsche Speedster Carrera GS/GT Re-creation
1961 Ford Thunderbird Convertible
1983 Lamborghini Jalpa
1940 Packard Eight Convertible Victoria
I hope the lucky new owners don’t forget to get classic car insurance, and save money by doing their research at this blog first! 
Edited: September 10th, 2009
Insurance information for New Jersey classic car drivers
Every state has its own legislation and regulations as per insurance, and car insurance is one of the areas in which these rules can vary the most. New Jersey is no different in this respect. In fact, New Jersey is known for having some fairly complex auto insurance regulations, which apply to both regular and classic vehicle drivers.
In New Jersey, there are two categories into which auto insurance liability coverage falls: basic, and standard. Basic coverage provides dollar amounts for liabilities which only meet the state-defined minimum requirements: $10,000 for injury or death to more than one person, and $5000 for property damage. Under basic coverage, there is no provision for liabilities incurred by bodily injuries to one person.
Standard coverage, which makes up the majority of policies used in New Jersey, has the following liability minimums: $15,000 for injury or death to one person; $30,000 for injury or death to more than one person; $15,000 for personal injury protection (a no-fault coverage for personal injuries); $15,000 for injury to uninsured or underinsured motorists; and $5000 for property damage. Additionally, with plans which fall into the standard coverage category, you have the option of purchasing higher protections through your insurance provider.
Also, in New Jersey you are able to self-insure if you have over 25 vehicles registered in your name. This may be an appropriate option for some types of business owners.
As in most states, New Jersey law requires that you have proof of insurance available when driving at all times. The accepted forms to prove coverage are: an insurance ID card issued by a registered provider; or a certificate of self-insurance. The penalties for driving without proof of insurance are: for a first offense, a $300 fine, community service, and a one-year licence suspension; for a second offense, a $500 fine, 14 days in prison, 30 days of community service, and a two-year suspension.
When it comes to classic car insurance, the parameters for “standard” plans generally apply in terms of liability minimums. Classic car insurance is essentially no different under law in New Jersey. However, it can differ with regard to the services and coverage available from insurers as well as the average amount for premiums. By obtaining a specialized classic vehicle insurance policy, you can get liability coverages that extend far beyond everyday driving situations, reflecting the reality of classic car ownership. These coverages can include: coverage for liabilities incurred at auto shows, including both damage and medical expenses; liability coverage for foreign tours; coverage for vehicles under restoration; and more.
Many of the well-known providers of specialty classic vehicle insurance offer policies that are available in New Jersey, as well as most other states. While the state-legislated minimums do apply to classic car insurance, a good policy will provide coverage much more appropriately and broadly for your classic vehicle, and most likely at a significantly lower price point.
Edited: July 24th, 2009
Buy A House, Get A Classic 1967 Rolls Royce Free!
When it gets hard to sell your house, you need to go the extra mile.
Jim Benson in Orlando, Florida, is offering his classic 1967 Rolls Royce Silver Shadow for free if you buy his house.
Realtor Margaret Barnes said the number of showings at the Benson house has increased in recent weeks, though she was unsure whether the car had anything to do with it.
Home sellers have given away cars before. Cambridge Homes, for instance, has tossed in a Mini Cooper with a purchase. But the keys to a chauffeur-worthy Rolls?
The 40-year-old car has no halogen headlights or LCD screens, but the back seat smells like hand-tooled leather from prized cowhide. The doors shut with a vacuum-seal sound rather than a metallic clang. The engine of the 2-ton behemoth, Benson said, runs so well that it “has never had a wrench touch it.” (source)
Edited: June 4th, 2009
Can Classic Cars “Save” GM?
Can Classic Cars Save GM? Well, classic car dealer Art Tinsley says “if the company goes back to producing cars and trucks like it did in the heyday of the 50’s and 60’s, GM will rebound quickly” as opposed to “making too many different vehicles and they all look alike. People want something… Stuff that has character and style. No offense but i don’t think the new cars show that”. source
Edited: June 3rd, 2009
Tips On Selecting The Best Classic Custom Car Insurance
Be sure you’re dealing with an insurance provider that understands classic cars because these vehicles are very specialized and so have their own special needs that not every insurance company will be aware about. Some car insurance providers might not know how to properly provide classic car insurance for such kinds of cars; their expertise is generally limited to dealing with regular cars.
You should avoid making the mistake of combining your classic car insurance policy with your family car insurance policy. This can prove to be a very costly error because most car insurance companies don’t have the expertise required to insure a classic car. In the event that you claim for your classic car, the insurance company will treat the claim just like that of a regular car which can render your classic car insurance policy ineffective.
Perhaps the most important aspect of choosing a classic car insurance policy is knowing what the rules are and understanding the terms and conditions of your classic car insurance policy. Read your classic car insurance policy carefully and in get your insurance agent to answer your questions so that you are clear about what the car insurance policy provides and what it does not provide.
Edited: June 3rd, 2009
What’s The Definition Of A Classic Car?
Usually a classic car is one that is distinctive, unique and old. According to Wikipedia, “the Classic Car Club of America defines a CCCA Classic or is as a fine or distinctive automobile, either American or foreign built, produced between 1925 and 1959″, but, “The Antique Automobile Club of America defines an antique car as 25 years old or older.”
Most states in the USA will define “classic” by how long ago the car was built. For instance, “Legally, most states have time-based rules for the definition of “classic” for purposes such as antique vehicle registration; for example, Pennsylvania defines it as “A motor vehicle, but not a reproduction thereof, manufactured at least 15 years prior to the current year which has been maintained in or restored to a condition which is substantially in conformity with manufacturer specifications and appearance.”
If you meet the definition of a classic car in your area, you can get quotes for classic car insurance and see how they relate to insuring a modern car.
Edited: June 3rd, 2009