Archive for the ‘Muscle Car Tips’ Category

Muscle Car Insurance Can Save The Day

Thursday, February 19th, 2009

I’ve recently purchased a 1967 Chevrolet Camaro and I’ve been searching the Internet looking for a good classic car insurance policy to cover my baby.

The research I’ve done indicates there are several top firms offering something called “stated value” insurance, which means you as a car owner gets to dictate the value of your classic car.  This means that unlike your Camry when it gets involved in an accident you’ll actually be able to make sure your muscle car has enough coverage to get the repairs it requires to get it back into original shape.

Regular insurance only covers a vehicle up to it’s “blue book” value.  Your muscle car might have a value much higher than this insurance industry standard by getting your vehicle covered with stated value insurance you can rest assured that in the event of an accident or severe damage your investment is protected.

My car is a perfect example of this.  It’s old yet very rare; only forty examples of it exist in the world today.  While an insurance adjuster might look up it’s price as $4,000 I know the vehicle is worth at least ten times that.  My classic car insurance is definitely worth the cost.

Sites like Classic Car Insurance Reviews covers all the major classic car insurance companies out there.  They’ll give you a good overview of the policies and costs.  It’s a good place to start any collector car insurance research.

I had a friend recently who was involved in a huge crash with his Mustang.  He ended up paying through the nose for the right kind of repairs.  He’s since gotten on the bandwagon with me about the importance of specialty car insurance.  It’s funny, he talks like it was always his idea!

Deciding Where to get a Muscle Car Insurance

Wednesday, February 11th, 2009

Getting car insurance can be a hard thing to do specially when you have to decide on which policy is best for your style of driving and what you think you could live with paying monthly, for the right coverage. As hard it it might seem to find a good insurance policy for a normal car. Just imagine how difficult it is to find a insurance policy for a antique collectors car. The first thing to state up front is different states have different laws on how old a car has to be in order to be classified as a antique. So that KIA sportage in your garage might be a classic to you but depending on what state you live in, it might not be old enough. As any collectible, you must show that the car is not your primary car and that it is kept safe and away from the elements. Car insurance can deffer especially when you are talking about a antique car insurance policy.

To show you how different a collectors car policy is for a normal car, on a normal car policy you are paid cash for the value of replacing the car subtracted by the cost of depreciation. which would be trouble for a car collect because it does not take into account actually collectors value only that of the car. A collectors car insurance would pay out the value of the actual agreed appreciation of the car. Giving the owner full value for his car. Another upside of collectors insurance is the price, it cost around a third of the price of a normal policy making it very inexpensive.

Spring is Almost Here!

Thursday, February 5th, 2009

Well, Ok wishful thinking.  Here in Ohio it’s February and 19 degrees.  10 inches of snow today and -2 degrees at night.  Definately not classic car weather.  But hope springs eternal and I’m looking forward to warmer weather.  While I’m currently without a muscle car this year (my trusty 1969 Mustang Mach 1 sold) I still look forward to driving my 2007 Mustang convertible…  For those of you with classic rides now is the perfect time to review your insurance policy for your muscle car.  Make sure your coverage is up to date with the current market value of your car…