What is Collector Car Insurance and is it Better than Standard Car Insurance?

If you own a collector car, then you no doubt have lavished time, money, and attention on it. You will obviously want only the best auto insurance for your collector vehicle. A standard car insurance company may not offer the coverage that you require for your beloved car. In such a case, you may be far better off getting quotes from a company which specializes in collector car insurance.

What is a collector car insurance company? Such a company specializes in collector cars; this means it will likely offer better service when it comes to repairs or claims. A specialized collector car insurance company's experience means rapid access to spares and garages via a network of custom suppliers. But those are just some of the features; such a policy may also offer the coverage described in detail below.

Special features of collector car insurance not typically offered

• Inflation guard – up to 8% may be added to the value of the collector car each year
• Discounted coverage for owners with more than one car – There may also be coverage for new additions to a collection for a month or more at no extra cost
• Agreed valuation coverage – The amount which gets paid out is known beforehand, and has no depreciation attached
• Access to newsletters and collectors car clubs – These organizations can help you save on additional services or special events.

Conditions to adhere to with a classic car insurance policy

• Keep within an agreed annual mileage
• Garage the car in a secure and lockable place
• Do not use for any use other than leisure i.e. not for travel to and from work