Nick Vernon asked:


Everyone knows when it comes to insurance, there are many choices and antique auto insurance is no exception. So which one do you go with? Below are some reviews on which antique auto insurance carriers provide the best service and coverage.

Leland West Insurance: This specialty insurance company has over 25 years of experience and regarded as one of the most reliable and trustworthy insurers. Some key highlights they offer are: Phone help, choose your repair shop, Lower premiums, and agreed coverage value. These are all important aspects when choosing an antique auto insurance coverage that fits your needs.

American Hobbyist Insurance: This company is another great antique auto insurance insurer. They are available in 44 states, not including: Alaska, Hawaii, Kentucky, Massachusetts, Oklahoma or Virginia. Highlights of their insurance company for antique autos includes: flexible mileage limits, Inflation guard, spare parts coverage and Per policy – one liability charge- not per car.

Grundy Worldwide: Unlike American Hobbyist Insurance, Grundy Worldwide covers just what they say, worldwide. They are a big leader in antique automobile insurance industry. What kind of antique auto insurance coverage can you expect from Grundy worldwide? Here are some factors that make this company truly stand out:

- Agreed Value

- Model year limitation not a factor

- Higher limits on liability

- For 30 days on newly acquired cars, you receive automatic coverage.

- Unlike most insurance companies, Grudy offers unlimited mileage.

- Other features include: Spare parts, towing and labor, trip interruption, inflation guard, etc.

Being that there are so many choices outside the 3 listed above, it is important you follow a few steps to ensure complete coverage. Always go with a reputable company. If you cannot find anything on them, good or bad, they have not had much experience, or may have something to hide. Another good idea is to get a professional appraisal before committing to an antique auto insurance policy through a company. The professional appraisal allows you to understand how much your car is worth and is proof of how much your car is worth. By the books, the antique car you own may be worth 26k, but maybe you put in 80k worth of work into the car. These are very important aspects to consider. It is ok to ask questions, so do so. Make sure you understand the policies ins and outs. Do not assume something is covered, have the policy writer show you. An antique car is a prized possession and if something should happen to it, have peace of mind it will be covered. There are not many situations worse than putting a lot of money, time and effort into something and then have it gone in the blink of an eye. Also be aware of the requirements of the policy and make sure you can meet them. Do not get a policy that only allows 1k miles when you want to drive it more. You increase risk the more you drive the vehicle. If something was to happen and you were past the 1k mileage mark, your insurance would be voided. Remember these points, and you will be on your way to attaining a great antique auto policy.



Douglas

Dave Poon asked:


Your antique cars may look very old and seem to be of no value. But there is a way to make money from them. All they may need are some restoration, and then you can easily sell them to people who like collecting antique autos.

The price of any antique item can be higher depending on how you were able to give a new look and life to the classic item. Let me give you some advice on how make your antique autos profitable by restoring and selling them.

Restoration

1.Look for enough space. The first step for restoring your old autos is looking for enough space to do the job. This will depend on how many antique autos you are going to repair. Furthermore, take into consideration the room needed when dismantling the parts of each auto and building up the auto again.

2.Use original parts as much as possible. It is also recommended that original parts should be used so that you can appreciate the value of your car. And then you can easily convince your prospect buyer that your asking price is justified.

3.Give your auto a new look through research. If you do not have enough knowledge on the specific auto you are restoring, you can read auto magazines or search the internet to educate yourself on how to enhance the look and performance of your auto. You can also be creative but make sure that your antique autos will have its original look when it first came out in the market.

4.Seek the help of a professional. This is recommended if you have exhausted all your knowledge, time, expertise and money when restoring antique autos. There may be situations that seeking a professional help would be better than doing the job yourself.

Selling

1.Maintain the autos. Once you are done with the restoration process, your autos are now ready to be sold. Since the process may take some time, ensure that your autos are clean and working properly at all times.

2.Set the autos market value. Have a detailed list of the autos price just incase a buyer is interested in looking into your list. This will allow you to easily market your autos. Take note of the asking price of each antique autos you are selling.

3.Know your autos. It is important that you know the product you are selling. Some buyers are not knowledgeable enough of the autos they are looking for. They may ask questions such as history of the auto, manufacturer, how to maintain the auto or its manual. It is better that you are prepared to answer any question that a buyer may have so you can easily convince them to buy the auto with your asking price.

4.Advertise when possible. There are a lot of free classified ads where you can advertise your antique cars. Additionally, you can also post a message about your antique autos on boards regarding automobiles (if you are allowed). Look for free or cheap venues to market your product.

Antique autos can be profitable if you properly invest your money, time, knowledge, creativity and patience. Moreover, it will serve as an achievement once you gave life to the old and rusted metals.



Kelly

Mary Duares asked:


Owning a class or antique car is a real joy, but it poses challenges from restoration to preservation. Finding affordable auto insurance for these gems can also be difficult. As with any insurance, research is the key. Take the time to decide what kind of coverage you want, then get quotes from multiple companies.

Car insurance quotes for classics and antiques will depend on many factors. What is the value of the car? Has it been restored? What modifications have been made to the vehicle? Is the car garaged when not in use? How many miles will be put on the car annually? Who will be driving the car? Where will the car be driven to and from? Know the answers to these questions before shopping for auto insurance.

Insurers of classic and antique autos will want to know the specific value of an older car before insuring it. The auto insurance companies will ask numerous questions about the state of repair the vehicle is in. The Kelley Blue Book or other car value publications will be consulted for a retail and trade in value. You should do this yourself also so you know the general value range of your vehicle.

Auto insurance companies want to know the miles the car will be driven annually. It is one of the most important aspects of the car insurance policy for older cars. Will it be driven for shows and weekends only or will it be used for daily driving? Some car insurance companies restrict the driving to weekends only and will not allow for it’s use as transportation to work. Others will allow any type of use, but only allow say 3000 miles a year to be put on the vehicle. They may also want a picture of the car and a list of all the modifications. This information helps them give you the best policy price for your car.

In order to get the most joy and value out of your classic car, pick the insurance coverage that will fit your lifestyle. Picking an insurance policy with too little coverage, or inadequate coverage, will be disastrous if something should happen. You will want your vehicle to be restored up to it’s current value if minor damage occurs. Some insurance companies will not do this, stating it is unable to be fixed to it’s pre-event state due to the lack of original factory parts available. In the event of a crash or unavoidable damage, you will want to be assured they will do everything in their power to repair your vehicle. Call around or cruise the Internet to find the auto insurance company that is right for you.



Loretta