Texas Auto Insurance by Dirk Fox

Owning a collectible car may be a matter of pride for some; however, it also is an investment. To protect that investment, collector car insurance is a much needed necessity. Since the repair and replacemnt of a collectible car can be cost prohibitive, a collector car insurance policy will financially save you in the event you fall victim to theft, an accident or damage.Collector car insurance differs greatly from regular car insurance. As such an insurance carrier has certain provisions that must be met prior to issuing a policy. The most important requirements are the drivers age and qualifications, the age of the car, and mileage limitations. There also is an insistence by the insurance provider that the car is garage kept and well secured when not in use.Limits on miles driven per year is usually no more than 5,000, although some companies have provisions for excess miles. A further restriction on mileage driven is that a car can not be used for commercial purposes or for daily commutes, however, a collector car insurance policy does allow the car to be driven to car shows and related activities. Auto Insurance TexasAnother restriction on collector car insurance is the age of the car. The majority of companies require the car to be at least 15 years old. Although some companies will set this number higher at 25 and occasionally at 35. Collector car insurance companies will require certain driver qualifications before a policy can be issued. The overwhelming numbers of insurers require a minimum age of 25 with at least 9 years of driving experience. Some providers also require a clean driving record.Once you meet the stipulations for your collector car insurance, you and the insurers agent will negotiate the car's agreed upon value. In a collector policy, the value of the vehicle is determined by an agreement between you and the insurer, unlike a regular policy which uses fair market value. This amount, when agreed on between the insurance company and you, is the set amount that will be paid in case the car is a total loss as a result of a covered incident. auto insurance texasSelecting a well qualified insurance company for your collector car insurance is a necessity to protect your investment. Several companies specialize in the writing of collector car insurance policies, and it is best to choose one of these providers as opposed to selecting any insurance company. You will find it is the best policy for your investment