I have purchased an ambassador car of 1951 model.It is registered in my name at DTO.Now I want to get it insured.But the insurance companies denied to insure my vehicle. They said that they don't insure such a old car.
Please advise
2006-12-18 20:34:46 · 8 answers · asked by BOB 1 in Cars & Transportation ➔ Insurance & Registration
The insurance companies cannot insure a car that they feel has no value. Because if you have an accident, they would send you the value of the car which they feel is $0.
If the car is a classic, you may be able to insure it, but you need to find an insurance Agent who handles that type Insurance.
Good Luck
2006-12-18 20:40:30 · answer #1 · answered by Nort 6 · 0⤊ 0⤋
Many companies will not insure a car that old because it is very difficult to calculate a value. You can go to a classic car insurance company (I've heard good things about Hagerty insurance) if you qualify.
In most cases, to qualify for classic car insurance, the vehicle cannot be your primary vehicle and you may have mileage restrictions (I dont think Hagerty does). The vehicle also has to be in good shape.
2006-12-19 04:23:38 · answer #2 · answered by NY1Krr 4 · 0⤊ 0⤋
There are companies that specialize in older or classic vehicles. Try one of these...
I am a licensed agent in the "regular world" of auto insurance. The company I work for doesn't specialize in classic or collector autos. We don't specifically refer to any one company, but here is a list of a few that I am familiar with due to collectors I know and watching the SPEED channel...
2006-12-18 21:52:24 · answer #3 · answered by purplepinkanddots 3 · 1⤊ 0⤋
Good luck. Insurance companies can choose to not insure older cars for many reasons.
2006-12-18 20:43:09 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can go for Third Party insurance.
2006-12-18 20:49:50 · answer #5 · answered by Cdp 3 · 0⤊ 0⤋
you need old/expired insurance of this vehicle.
without that nobody will insure ur vehicle.
2006-12-18 21:16:33 · answer #6 · answered by neelam s 2 · 0⤊ 0⤋
You convince your agent regarding valuation.If it is acceptable to both,there should not be problem in fixing premium
2006-12-18 21:12:18 · answer #7 · answered by balkrishna c 4 · 0⤊ 0⤋
grundy ins
2006-12-18 20:43:37 · answer #8 · answered by Anonymous · 0⤊ 0⤋