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You now know how easy it is to get a handful of auto insurance quotes in a matter of minutes, but how do you make the decision between them. After all, there is no easy answer to this, so it is important that you analyze your options closely.

Coverage Types
Comparing the coverage type included in the various policy quotes you received is arguabley the most important factor in this process. There are many different types of coverage, some will be a necessity, others may not apply to your situation at all. Common coverage types include liability, collision, medical, and comprehensive. More obscure coverage types include unisured motorist insurance and lease coverage among others. If you receive a quote that is strangly lower than the rest, it may be because they aren’t including a needed coverage type.

To effectively compare coverage types amongst a number of quotes you must first understand your needs. Again, some coverage types may not even apply to your particular situation. While you may need many different coverage types, you may not need high limits on all of them.

Coverage Limits
Each coverage type you choose should have coverage limits attached to it. This number is the most a particualr auto insurance company will pay if needed. In most cases, the higher the limit the better, because it will provide you with the most coverage if worst comes to worst.

Some liability limits will be split into 3 sections; single person, all parties involved, and property damage, in the format of 25/50/25 for example. This translates to a $25,000 limit on bodily damage, $50,000 limit to all parties involved, and $25,000 for property damage limits. Of course these numbers will vary from policy to policy.

Deductibles
They typically allow you to choose your own deductible, and you should take advantage of this opportunity. The deductible you choose will greatly impact your premiums. The higher your deductible, the lower your premium, because there is less financial liability for the insurance company.

Price
Price is the determining factor for many people, however it usually shouldn’t be. The important thing is that you are getting the coverage you need. One should never sacrifice coverage for a lower cost, make sure to analyze your situation thouroghly so you don’t sell yourself short.

Even though specialty auto insurance companies that only insure collectible cars have been around for over a decade, more than 50% of classic cars are still paying more than they have to buy going with your standard auto insurance company.

The problem with this is that most insurance companies don’t understand the worth of these cars, both in terms of cost and nostalgia. You can end up paying 500% more than you have to for the less coverage.

If you decide to go with an auto insurance company that specializes cars you will find that you will be paying far less. Most auto insurance companies look at cars at the face value. But as you and I know, a ‘64 Ford Mustang is worth much more than a few thousand dollars.

Different Kinds of Collector Coverage
The 2 most common types of collector car insurance are: Actual Cash Value, Stated Value, and Agreed Value.

Actual Cash Value (ACV):This is the type of coverage most auto insurance companies will cover you under. This is the blue book value of a car. As a car gets older, the value of it goes down. This is ideal for most cars, but for a collector car you can see where this type of coverage isn’t adequate.

Stated Value: This type of coverage is more ideal for collectible cars, but not neccisarly the best option. This coverage is rather flexible and lets you state the value of your car. As time passes your car will hold the same value.

Agreed Value: Agreed Value coverage is the best option for those looking to insure their collectible. With this type of coverage, the value of your car will always be what other collectors are willing to pay. To get this type of coverage you will probably need a collector car specialist to appraise the value of your car. Agreed value coverage also takes modifcations and restorations performed on your car.

There are some limitations to insuring your collectible. You must be at least 25 years old (30 in some cases) and must have a relatively clean driving record. The high value of these cars makes it harder to insure for less experience drivers.

If you are insuring multiple collectible cars, you can typically get a pretty heafty discount. Every specialty car insurance company varies in rates, coverage types, and restrictions so make sure you ask plenty of questions.

Thanks to the internet, getting an auto insurance quote can take as little as 10 minutes from start to finish. We’ve gone one step farther than most and made it as simple as entering your zip code to get started.

1.At the top of the page you will see a place to enter your zip code. This is all you need to do to get started. So go ahead and do that now.

2.Next you will be asked to specify the vehicle you wish to insure, as well as the safety features the car includes. It is important to be truthful from here on out. Neglecting to do so will result in problems down the road when you need to file a claim.

3.The next page will ask you to specify the use of the car and how often you will be driving. On this page you will also be asked about where you store your vehicle, your braking system, and any additionals safety features.

4.You will then have to determine which kind and how much insurance you want. After doing so you can repeat the process for other cars or if you are only insuring one car, you will move onto the next step.

5.Now you are going to be asked about the driver of the car. In most cases this will be you. Included in this step you will be asked some non-intrusive personal question, about age, marital status, income, etc. If you would like top add more than 1 driver you can do so now.

6.The next step is for you to enter any violations or accidents you have been involved with. It is very important that you are truthful here. Chances are your future insurer will check into this any way.

7.You are then asked to provide information about your current auto insurance company and the kind of coverage you have, if any. You will then be asked to specify what kind of coverage you want, as well as any additional coverage packages you may be interested in.

8.The final step is to enter your information such as your address, phone number, and email. After you have done so you will be presented with a  list of options from a large selection of auto insurance companies that would be interested in insuring you.

That is all there is to it. It may seem like a lot, but once you get started you will fly through each step. It is all really easy. Happy insurance shopping!