Is it true the car insurance for a vintage car is cheaper than insurance for a modern car?

Hank

Ardmore, Ok

Hank,

There are certain tips that can be followed for vintage car insurance:

 There have been reports in the motoring press that insurance for classic cars is cheaper as compared to modern car policies, but every classic car owner needs to know that it calculates mileage that is limited and how the vehicle has been garaged in ideal circumstances.

 There is a lot of dramatic variation in the scarcity and condition of classic cars. The value of the car that is perceived by the owner is mostly different from the evaluation of an insurer. The time for agreeing with the evaluation would be before a claim and not after that.

 If an owner wants the best deal then he or she needs to contact a specialist insurer. The specific insurance schemes that they might be having are tailored specially to meet the requirements of the owners. The rates offered by specialist insurers are usually better than the rest.

Great Question.