It does not cost any more to insure a high-powered muscle car than it does to insure a regular vehicle. The reason for this is that insurance companies pay more attention to your driving record than your choice of vehicle.
A person with a really good driving record may actually pay less to insure a Charger or a Camaro than a driver with a bad driving record might pay to insure a Corolla. On the other hand, if you collect a lot of tickets by driving over the speed limit in your vintage Mustang you’ll probably end up paying more for car insurance.
Good Driving Pays Off
Yes, the value of the vehicle can affect the cost of insurance but it is only factor that insurance companies consider when setting up policies. Insurers actually consider the driver and his or her record a more important factor than the vehicle itself.
Somebody who gets a lot of speeding tickets in a Smart Car will be just as likely to pay more for insurance as somebody who gets a lot of speeding tickets in a classic Charger. If you like driving a high-powered vehicle you won’t have to pay more for insurance if you simply obey the traffic laws.
You pay less to insure a Classic Muscle Car
The kind of muscle car you drive can affect your insurance rates as well. You probably won’t see much difference if you drive a late model muscle car. On the other hand you may have to pay more or less to insure a classic muscle car.
Most experts recommend that you get a different kind of insurance called classic car insurance for a vehicle considered a collector’s item. The reason for this is an obvious one that you might not think about.
Most cars depreciate in value as they get older so they cost less to insure. Collector vehicles such as classic muscle cars often appreciate in value so they cost more to insure. Classic car insurance is designed to cover such vehicles.
Save Money with Classic Car Insurance
Yes you can insure older vehicles under a regular policy but classic car insurance will cost less. The reason classic car insurance can cost less is that insurers know that people drive classics less and take better take care of them. That means they’re less likely to get in an accident.
Instead classic car insurance is basically a comprehensive policy which is designed to protect the vehicle from losses it faces while sitting. That includes damage, theft and catastrophes such as a fire.
That means you don’t have to pay more to insure a muscle car. Better yet it may actually cost less to insure a classic muscle car.
A person with a really good driving record may actually pay less to insure a Charger or a Camaro than a driver with a bad driving record might pay to insure a Corolla. On the other hand, if you collect a lot of tickets by driving over the speed limit in your vintage Mustang you’ll probably end up paying more for car insurance.
Good Driving Pays Off
Yes, the value of the vehicle can affect the cost of insurance but it is only factor that insurance companies consider when setting up policies. Insurers actually consider the driver and his or her record a more important factor than the vehicle itself.
Somebody who gets a lot of speeding tickets in a Smart Car will be just as likely to pay more for insurance as somebody who gets a lot of speeding tickets in a classic Charger. If you like driving a high-powered vehicle you won’t have to pay more for insurance if you simply obey the traffic laws.
You pay less to insure a Classic Muscle Car
The kind of muscle car you drive can affect your insurance rates as well. You probably won’t see much difference if you drive a late model muscle car. On the other hand you may have to pay more or less to insure a classic muscle car.
Most experts recommend that you get a different kind of insurance called classic car insurance for a vehicle considered a collector’s item. The reason for this is an obvious one that you might not think about.
Most cars depreciate in value as they get older so they cost less to insure. Collector vehicles such as classic muscle cars often appreciate in value so they cost more to insure. Classic car insurance is designed to cover such vehicles.
Save Money with Classic Car Insurance
Yes you can insure older vehicles under a regular policy but classic car insurance will cost less. The reason classic car insurance can cost less is that insurers know that people drive classics less and take better take care of them. That means they’re less likely to get in an accident.
Instead classic car insurance is basically a comprehensive policy which is designed to protect the vehicle from losses it faces while sitting. That includes damage, theft and catastrophes such as a fire.
That means you don’t have to pay more to insure a muscle car. Better yet it may actually cost less to insure a classic muscle car.
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