Traditional insurers will either refuse coverage, offer only a replacement value based on the nuts and bolts (minus heavy depreciation) of the car, or will charge you a prohibitive amount for the premium. But many collectors find that special collector's coverage saves them money - as much as half - while insuring them for higher limits, sometime three or four times what a traditional company gave them.

Yes, it's possible to get collector's insurance coverage for full market value for your car, and save up to 50 percent off of the premium you'd pay with ordinary insurance. That makes classic car insurance a must-have for any serious car buff.

Below is information about three of the most reputable and dependable collectors and classic car insurance companies in the USA (All information listed below subject to change, please contact the insurance companies listed to be sure.)

Similar to the others listed below, but please contact Haggerty for details. American Collectors Insurance P.O. Box 8343 Cherry Hill, NJ 08002 Email: info@americancollectors.com Toll Free: (800) 360-2277 Qualifications (subject to change or regional laws so check with the company for specific up-to-date information).

At least 15 years old Garage-kept Driven on a limited, pleasure-only basis (up to 5,000 annual miles - available in most states) You may also qualify by: Having at least 10 years driving experience Having a good driving record Having at least one "regular" vehicle for every licensed driver in the household You may request a policy application either directly from American Collectors Insurance or through your local insurance agent (rates are the same either way).

Parish Heacock Classic Car Insurance P.O. Box 24807 Lakeland, FL 33802-4807 Email: info@parishheacock.com Toll free: (800) 678-5173 Qualifications (subject to change or regional laws so check with the company for specific up-to-date information).

Each household member of driving age must have at least 10 years driving experience or be excluded. Each household member must have a regular use vehicle less than 15 years old that is insured with liability limits equal to or higher than the limits being applied for on the collectible vehicle. All licensed members of household and any other drivers of the vehicle must be listed on the application. Maximum of two accidents or violations in the household, maximum of one per licensed household member in past 3 years. No major violations permitted in past 5 years. A Driver Health Questionnaire must be completed for all drivers over 70 years old.

Auto must be stored in a locked permanent garage facility when not driven. Auto may not be used for commuting to or from work or school, used for business purposes or as a substitute for another auto. Autos not covered while on a racetrack or when being used for: racing, speed, driver's education, or timed events. Must display pride of ownership: well maintained, in restored or well-preserved condition. Vehicles under restoration must be stored at residence or a restoration shop, with a target date for completion. Agreed value coverage is not available on cars under restoration. Eligibility subject to company review. Replica Vehicles and Pro Street vehicles are subject to company review. Trucks and Jeeps must be over 25 years old, and not be used for towing, hauling, off-road or utility use. Generally do not require appraisals, but may ask for one if vehicle value is difficult to determine.

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