Antique Auto Insurance Hub

By Mark Alison
Whether you need antique auto insurance for that 1950′s muscle car, a prized antique pickup truck, or just the family sedan, getting quotes can be as easy as making a single phone call to an insurance broker or going online to any of the aggregator sites.

Progressive Insurance company has spent millions of dollars creating an atmosphere of being completely open about their insurance premiums going so far as to give you the premiums of up to three different competitors so that you can make the comparison on their site. Their theory is that if you are already on their site that unless the competition is considerable less that you will buy from them anyway.

Progressive can show you what your premium will be from other companies although they not apply any discounts you may be eligible for due to any affiliations you may have. GEICO gives additional discounts to people who work for certain companies, are alumni from many universities and colleges, and to people who belong to certain professional organizations. They would not be able to apply any of those discounts and show the discounted premium.

Most of the large insurers will have special rates for “special tag” cars – antique automobiles, military vehicles, and other rare or unusual collectibles.

Most major insurance companies require your social security number to even give you a quote because they are basing your policy premium on your credit scores. There still is no empirical evidence that if your credit scores are below a certain point that you will make more claims or have more accidents as a result. What you may want to do is check with a broker to let you know which insurance companies offer policies without a credit check to see if there is a difference in premiums or coverage that you are required to carry.

If you use a broker or a direct company agent either one will be able to give you options on whether it would be in your best interest to insure all of your vehicles under a business umbrella policy or to keep your business and personal vehicle use completely separate. If you are going to have a new driver on your policy in the next year or so now is the time to get as many quotes from as many companies as possible. A new full licensed driver will cause your premium to almost double on any vehicle that you have comprehensive and collision insurance on. If you have a vehicle that you only need to carry liability then you need to discuss what your options are and whether your current insurance company will allow you to designate your new driver to the least insured vehicle.

Make sure you tell the broker or company that you are looking to insure an antique automobile. Some insurance companies require the new driver to be on the newest vehicle whether that is the actual case or not. The best thing you can do is to talk directly with a broker or your agent and get the exact way your new driver will be assigned. You will also need to make sure that if they are named as the primary on a particular vehicle that they drive that one all the time so that there will be no issues in case of an accident.