As a Tulsa owner of a collectible car you want to do whatever it takes to make sure that it lasts a long time – you will keep it clean, well oiled, well maintained and you will also drive it once in a while to make sure that it is running as it should. The other thing you want to know is that in case you get into an accident or the car is stolen the insurance company will compensate you its full value. The kind of insurance you take out for this type of car is known as classic car insurance. Although you may assume that it is higher than insurance for regular cars it is, as a matter of fact, cheaper.
Insurance companies charge less for classic car insurance because they assume that collectible cars are used less regularly which means there is a smaller risk. In fact, most of these cars are usually driven only in summer and then are parked for the rest of the year. You will be surprised that if you shop carefully you will get classic car insurance covers that cost just a fraction of what you pay for your every-day car.
That said, do not buy classic car insurance from the first Tulsa insurance agent you come across – you may not get the best deal. Here is what you should take into account:
• You want to buy classic car insurance from a company that specializes in this kind of insurance. It is very hard to agree on the value of classic cars – usually insurance will go with the value that is attached to such cars in mainstream car magazines. By working with a specialist insurer you can be sure that they will value your car right.
• It helps if you can insure your regular car with the same insurance company – you may get significant discounts.
• If you “pimp” your car you should make sure that the insurance company knows about it and that they increase the value of your car to match the modifications.
Lastly, make sure that you go through the terms and conditions carefully – it will help you avoid surprises in the future.