How to Choose Classic Car Insurance And Get the Best One

As a classic car owner or collector of antique cars, sure you are very caring and concerned with the vehicle you have. There is a satisfaction that can't be replaced if you can take care of it well.

The number of antique vehicles is not much. Therefore, it is very important to register it into the insurance program for protection.

This is done as part of your concern for the car. Here are some tips that you need to consider when choosing the right classic car insurance products.

You Should Know These Things When Going to Choose Classic Car Insurance Company

Here are some things to consider when choosing a classic car insurance so you are not wrong when choosing.

1. Understanding the Protection of Comprehensive Insurance / All Risk 

Although you know the premium costs are high enough, most customers prefer this type of insurance. The consideration is that the insurer will provide a partial or total compensations guarantee for damages.

For example, when the car has an accident on the highway, hit by fire accident, flood, theft, or other accidental events.

2. Understanding Total Loss Only Protection (TLO) 

This insurance can only make a change of claim if the car is insured damaged more than 75%. This can be caused by natural disasters or other problems.

Please note if the damage is less than 75%, the insurer does not pay the losses suffered and charged to the car owner.

3. Compare Multiple Service of Classic Car Insurance Company

Get the best insurance provider by comparing it. To get the best one, consider the following tips:

• Compare the premium value to be paid to the protection received. 


• Consider and understand the advantages or disadvantages of the type of insurance offered by the insurance company then compare it with the features and the claim ease process. 


• Consider the number of customers and branches owned by the insurer. You can judge it easily, the more customers who use the service and the more branches of the company, it means the insurance company already has good financial management and services so you can put it into a list of options.

Please note that the premium value to be paid is determined by the following:

1. The Price of the Car

The price of the car will be proportional to the amount of premium to be paid. This means that the higher the value of the car, the overall premium that must be paid per month is also more expensive. If the car is insured is an antique car, the premium price can be more expensive because the price of equipment or auto parts are also rare and expensive.

2. The Year When Car Is Manufactured 

The year when the car was produced would be worth the premium. So, the older the age of the car, the premium value paid higher or in accordance with the interests of the customer.

3. The Type of  Car Number Plate

The type of car number plate also affects the amount of premium because it is associated with the entire workshop in the city where the car plate comes from. So each region will have different insurance premiums.

Conclusion

Having a classic car requires physical care and also needs protection. The presence of insurance at least make the car maintenance budget is controlled, providing comfort and tranquility in driving.

Next, you can choose the insurance product TLO or All Risk car insurance in accordance with the needs based on the above reviews.