| Antique automobile insurance is slightly different than | | | | of such a vehicle will have to pay. |
| the normal types of mobile insurance. This is because | | | | Antique automobile insurance is a tricky business for |
| of the type of vehicles that are used. Antique | | | | insurance companies but it s also good business. The |
| vehicles have a higher value than most modern day | | | | reason behind it being good business I that the risk |
| vehicles. | | | | involved with insuring such vehicles is very low. |
| In fact, the more antique the vehicle is the more | | | | This is mainly attributed to the fact that such |
| costly it becomes. This is attributed to the fact that | | | | vehicles are rarely used by their owners. The reason |
| the vehicle has been in existence for far much longer | | | | why the owners rarely use them is for the fact that |
| than its lifetime. | | | | these types of vehicles are very slow as when |
| Most of the motor vehicle insurance companies will | | | | compared to the modern day type of vehicle. |
| not have a cover for the antique type of motor | | | | This is because most of these vehicles were made in |
| vehicles. | | | | the late nineteenth century and early twentieth |
| Those insurance companies that have antique | | | | century. In that particular time, the engines of such |
| automobile insurance will have a department that is | | | | vehicles would be capable of reaching about thirty |
| set aside for that type of insurance. | | | | miles an hour. |
| In this department, you will find that they will have a | | | | At the same time, there are some antique vehicles |
| group of people who will be very conversant with | | | | that are a cause of concern for companies that |
| the antique automobile types of vehicles. | | | | provide antique automobile insurance. Such vehicles |
| This group of people would be found to know every | | | | are the first models of the Rolls Royce range of |
| single type of antiques automobile available. They will | | | | vehicles. |
| also have done a great deal of research to be able | | | | These vehicles are costly even when they are not |
| to find out the value for the different types of these | | | | antiques. As a result, an antique model of this type |
| cars. | | | | of car will attract very high insurance premiums. |
| Once they have gotten the values for them, they | | | | They attract high premiums because most of the |
| will be able know to do an assessment and be able | | | | owners of these vehicles use them to date. |
| to determine the amount of premium that an owner | | | | |