Saturday, July 21, 2012

Looking for classic car insurance

A couple of days back there was a story in the British press about a vintage Bugatti while had been found in a garage under piles of rubbish. Apparently the car is estimated to get about £100,000 in an auction. What is even more amazing is that the car is not even an authentic one but a good replica model Bugatti Type 51. This story shows the level of interest generated by some of these vintage models.

1931 Bugatti Type 51
Originally posted to Flickr by Brian Snelson

Some people collect really vintage models, spending time and money to maintain and keep them running. They even go to the extent of building new engines based on original plans as there are no one selling the replacement parts anymore.

However, the term "classic cars" can be very misleading. The AARP classic car insurance site defines these as those vehicles which are 10 or more years old and differentiates them from Antique auto which refer to autos more than 25 years old.

The great thing about driving cars more than five years old in the US is that you actually pay less car insurance as compared to newer cars.

So if you have 10 years or more old car, there are some great discounts out there and special offers which allows you to get even more affordable classic and antique Auto Insurance coverage.


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