Are You Paying Too Much For Your Car Insurance? Do you spend your days fixing up your favourite old VW Beetle? Driving around country lanes in your Austin Mini? Have trouble getting a reasonable car insurance policy? Trust me, most. If you own a well used car, it's worthwhile spending some time researching to find the best classic car insurance policy. Many insurance providers now provide specialist insurance for classics, which can be tailored specifically in your needs. Possibly classic cars could possibly be more liable to breakdown and wish recovery services - but few drivers use them for the daily commute or nip to the shops in. Finally, classic vehicles may well be more expensive and rise in value unlike modern makes, however their owners can assertain of this fact and they are inclined to adopt security measures seriously. Unlike a few of the other specialist areas, classic cover specialists recognise the fact that classic drivers will likely maintain their cars exceptionally well, generally make use of the cars only at weekends or limit use on the summer months and they are serious about the safety of these vehicles. While the value of the cars is probably greater than standard cars, insurers recognise that this possibility of claims is much classic car motor insurance lower, permitting them to offer highly competitive deals. There are a number of issues involved in classic auto insurance. Chief among these will be the valuation in the car. Policies can be sold based upon the actual cash value from the car, and thus a depreciated book value will be settled through the insurer in the event of an insurance claim; then there could be the "stated value" policy, which can also depreciate, but is determined by the owner's valuation with the car; or, there's the "agreed value" kind of policy, which will not necessarily depreciate, and will depend on a contract between owner and insurer. Other items to consider include: liability covering public events; coverage for possible damage from events and classic car shows; choice . policy covers damages during restoration; and movable premiums taking into account mileage, which needless to say varies for classic cars from year to year. The unique risk characteristics in the typical car collector keep rates low. The average person is approximately age 50, college educated, an experienced or technician or entrepreneur, comes with a excellent driving record, owns multiple vehicles, and keeps the collectible in the garage. A poor record or teenage driver often disqualify a job candidate just for this form of policy.