Florida Auto Insurance

Article by Esteban Owens

Collector car insurance is a specific and specialized form of insurance that is quite different from your regular vehicle insurance policy. Insurers have specific prerequisites that have to be met before a policy can be written. The most important requirements are the drivers age and qualifications, the age of the car, and mileage limitations. Additionally, an insurer will insist the vehicle be secured in a garage when it is not in use.Mileage limitations may vary from company to company, generally the limit is 5000 miles per year. However, there are some cases where more miles are permitted. 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 FloridaAnother restriction on collector car insurance is the age of the car. Most insurers have set 15 as the minimum age for a collectible car. Some insurance providers require as much as 25 years and in a few cases more than 35 years old. In order to qualify for collector car insurance, a driver must meet certain qualifications as well. 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 the conditions for the collector car insurance is achieved, you and the agent will set an agreed upon value for the vehicle. 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 floridaIt makes good economic sense to find a reputable collector car insurance company to cover your prized possession. Although many insurance companies can write your collector car insurance, it is best to find a company that specializes in this type of coverage