| * Agreed Value: With standard, mainstream Corvette insurance policies, valuation for coverage is based on "actual cash value," which is basically book value minus depreciation, but for a collectible car, whether it's been lovingly restored, or merely has a host of aftermarket parts, "agreed value," is in which you and the insurer review the car in question and set the value of coverage. This is the way to go for such a Corvette insurance need. Don't even consider any other valuation. Unlimited Usage: If your 'Vette is one you actually drive, you'll want to find a collector car insurer that doesn't restrict the amount of miles you're allowed to drive in a year. Contrary to popular opinion, there are a few that offer unrestricted mileage, and there are more who offer fairly generous mileage allowances.
* Liability Coverage: Some specialty insurers treat collectible cars like art pieces, instead of automobiles, so you'll want to make sure the policy you select includes liability coverage, for those times when you are driving. You'll need this anyway, to keep your Vette street legal. It's important to be certain that the liability insurance doesn't require you to be IN the vehicle, as well. Some specialty insurers won't cover accidents or thefts that happen in the parking lot while you're in a restaurant. If you wish to avoid parking lot mayhem like this try a Corvette insurance company like
* Show Coverage: If you participate in car shows, you should ask about special show coverage that will reimburse you if you're stranded en route, and cover your tools and trailers if you tow your car to events, instead of driving it.
* Additional Car Coverage: Most collector car insurance gives you a price break - and in some cases the first 30 days free - when you wish to add a second car to your policy. If you are the type to never settle for just one collectible car, be sure this is a policy feature with the company you choose.
* Low Deductibles: Even though your car is a sports car, as the owner of a collectible you are a low-risk driver. You probably have a clean driving record, without any tickets - even speeding tickets - for at least three years, and you also probably have a significant amount of experience so be sure that your collectible policy has a low deductible. If you don't drive your car very often, you may even be able to find a policy that has no deductible.
If you have not checked around on the price of Corvette insurance in a while it may not hurt to check again. We had what we thought was the best deal ever until we check on some other types of car insurance. In the process we discovered that after looking into home insurance that the rate had come down from several years ago. Moral of the story save money by looking around by not over insuring and while trying not to under insure for your best overall deal!
