classic collectors insurance

3 Factors that Raise Your Classic Car Insurance Costs

Classic collectors insurance has been helping those with a passion for building or buying classic cars protect these assets for decades. This is excellent, considering the huge variety of threats which classics can face on a daily basis in some areas. However, if you’ve been looking into investing in this service, the price can seem a bit steep, or simply unnecessary. The truth of the matter is that there are several different aspects that will impact the cost of insuring your particular vehicle.

  • How the vehicle is used. Is your classic sitting in a well-ventilated and safe garage, or are you still taking it out for a spin every now and again? The threats your ride faces greatly increase or decrease based your answer, therefore impacting the cost of insurance.
  • Submission into events such as auto shows can also impact the cost of insuring your ride. Regardless of how careful you are, there’s always a chance of injury occurring when your car is in a public space, and this will be reflected by the cost.
  • Additional accessories like memorabilia or ornaments that are a part of the car can raise the cost as well, as they provide more room for mistakes or damage to occur in some cases.

These are some of the greatest factors that impact the price of your classic collectors insurance, but there are several more conditions that impact the cost as well. Speak to a professional to learn more and get an estimate on how much it’ll take to keep your classic safe.