Is your ride protected? Muscle cars, classics, antiques, and rods need completely different insurance than your daily driver. You can’t simply add your car to the family policy without making sure your agent has a clear understanding of the type of car you are insuring.

When we called to get insurance on our ’72 Dart from our local agent, oddly enough his quote was TWICE as expensive as the quotes we had received from well-known specialty car insurance companies like Hagerty and Heacock. In addition, he would only provide replacement cost for a 1972 Dodge (as according to the standard value insurance rating) unless we could show him receipts for every bit of work done to bring the car to our estimated value of its worth after our rebuild. The hours of skilled technical labor performed by my husband could not be added into the equation, only the receipts for the parts we purchased. Maybe I should have had him bill me?

Luckily, the specialty insurance companies are experts at providing insurance for precisely your type of car, be it an antique, classic, muscle car or street rod, giving great coverage at reasonable prices. You should still get quotes from more than one company and be sure to compare what they offer in their coverage. Comparing prices means you have more to spend on your car.

Here are some factors that affect the price of specialty insurance.

Things About You – your age, your driving record, where you store your vehicle and any safety or security features either on the car or the garage

Things About Your Muscle Car - stock vs modified (prices can vary based on the company’s definition), usage/mileage, for instance, going to shows only, around town on nice days, or never driven

Here are some questions you should ask when getting a quote for insurance.

-- Is a formal appraisal required or will your description and photos be acceptable to set the agreed value of the car?
-- Can you change the value as you restore the vehicle, if that applies?
-- How do you contact them for claim and what is the average time to resolve claims?
-- Are there any limits of mileage and use?
-- Are towing or other extra services such as roadside assistance available? (Ask anyone who drives their classic to car shows how important this is!)

For more info, there’s a complete checklist of questions to ask a potential insurance company at this link:

http://www.fi...nsurance.html

Please comment and share your experience with specialty car insurance.

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