Things to Consider When Buying Cherished Car Insurance

Cherished car insurance often relates to classic cars and cars that are not used for normal daily use. These can be exceptionally expensive to cover and can leave you paying through your teeth for a vehicle you only use on Sundays and leave securely parked the rest of the time.

Collectors and those that are looking for a Sunday vehicle, will need to pay careful attention to a number of factors when buying cherished car insurance to ensure they are getting the best deal without breaking the bank.

There are a few ways you can ensure that the cost of cherished car insurance isn't more than you can manage. One of these solutions is to limit your mileage. If you only drive on a Sunday you can expect to pay less than someone who chooses to use their classic vehicle every day of the week. Ensure you make your insurer aware that you only drive a short distance each week to keep the engine going and that you keep it locked securely the rest of the time, maybe pulling it out on a nice sunny day for a good wash and polish.

Ensure you are honest with your insurer when it comes to modifications. In many cases older vehicles have been modified over the years, it's imperative that you disclose all modifications when buying a policy. While modifications can increase your premium amount, you want to know you are completely covered should the vehicle be damaged or stolen.

While comparison sites can appear to be advantageous, when it comes to covering a vehicle of this nature, it's advisable to stay as far away from them as you can and rely on your own research to find the best broker with the best products. These are not your average daily vehicle and therefore they require specialist cover. Choose a company that has experience with cherished car insurance to provide you with the best level of cover at the best possible price.

One of the biggest mistakes you can make as any vehicle owner is to claim for every accident. In some cases backing down the driveway and meeting the pole at the end leaves a dent, but is it worth claiming? The answer is no, not even with a classic vehicle. Remember every time you claim it affects your no claims bonus, you should keep claims for expensive and serious accident damage or theft, the more no claims you earn, the lower your premiums will be.

Always shop around and don't choose the first quote you see. Shopping around gives you the ability to choose the best insurer that provides you with the best service, policy and prices. Do you research, learn as much as you can about the insurer and their claims process, ensuring that should you every need to claim, they will handle it quickly and effectively.

Monthly premiums are advantageous when you don't have a lump sum of cash available to pay the annual cost, but be aware that monthly premiums do cost more in the long run, because companies add administrative fees to provide you with this convenient service. If you need cherished car insurance you know it will be more than covering an average everyday vehicle, be sure to pay up front for the year to save yourself some cash.

The final decision you have to make when buying cherished car insurance is the type of cover you want. In most cases you will choose comprehensive cover which protects you and your vehicle in the event of an accident, it also covers you for any thirty party liability you may incur if you caused the accident.

Article Source: http://EzineArticles.com/8623198