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Classic Car Insurance – How to Get It at Discounted Prices

If you own a classic car, chances are you tend to worry about it and take care of it. You also tend to spend a fortune to insure it. Not all companies cater to the special insurance needs of classic car enthusiasts, and those that do tend to charge an arm and a leg. Fortunately, there are ways to save up to 30% or even 40% on the cost of your classic car coverage, and most of them are staring you right in the face.

Let’s start with some of the simplest things you can do. These first few things won’t save you much individually, but combined they can save you 10-12% on your monthly premium. At the end of this article, I’ll tell you the simple secret to saving up to 30% in one fell swoop.

Pay your premium directly from your checking or savings account automatically each month. It costs your business several dollars to prepare and send your invoice each month, so if you save them that expense, they’ll be willing to pass those savings on to you.

If you are married, list the wife as the primary driver for all vehicles and the husband as the secondary driver. The reasoning behind this is that women pay less for insurance than men, so listing the wife as the primary driver saves you a good chunk of cash.

Garage your car at night. If you own a classic car, you probably don’t need to be reminded, but keeping your vehicle in a garage overnight lowers the cost of your insurance.

Raising your deductible will lower your monthly premium. Obviously, you want to make sure you don’t raise your deductible to the point where you can’t afford it if you have a claim.

The first thing you can do to reduce the cost of your classic car insurance by up to 30% is actually one of the simplest things in the world. Simply purchase your policy online. How does it save you so much money?

Two ways. First of all, online brokers don’t have the overhead of a brick and mortar broker, so they can instantly pass on huge savings to you. And secondly, the world of online brokerage is full of competitors. And you know what the competition is doing: it cuts costs. In this case, you are cutting costs to wholesale levels.

There’s no telling how long this situation will exist, but while it does, you’d do well to make the most of it and get your classic car coverage at rates that haven’t been seen in years. And all you have to do is sit back in your comfortable chair and purchase your policy online.

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