Posts Tagged ‘mustang’

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!

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