Muscle Car Insurance Miami FL

A muscle car is in a class all its own. A muscle car is a type of high performance vehicle powered by a large V8 engine. Muscle cars may be intermediate sized or full-sized, and surprisingly, they were not considered expensive at the height of their popularity during the 60s and 70s. There are number of makes and models that Muscle Car enthusiasts consider muscle cars. These include the Pontiac GTO, Chevrolet Chevelle, Oldsmobile 442, Chevrolet Impala, Ford Galaxie (with 390 + cid engine), Plymouth GTX, Chevrolet Camaro SS and Z28 models, Ford Mustang GTs and Boss, and Plymouth ‘Cudas.

Muscle cars, classic cars, antiques, luxury cars, and exotic cars are all better protected by a policy issued by a specialty car insurance company. A specialty car insurance company or “classic car auto insurance company,” will offer the following standard coverages:

-Bodily injury and property damage liability in case of an accident
-Medical payments and personal injury protection (PIP insurance), which cover medical expenses, and in some cases lost wages and other damages
-Physical damage coverage for theft, fire, car accidents, vandalism, weather related damages, etc.
-Uninsured motorist high performance car insurance

Specialty or classic car insurance companies understand the value of your muscle car, so they will offer several extras standard auto insurance companies won’t. For starters, most will offer Agreed Value, not Actual Cash Value. Most standard auto policies are Actual Cash Value policies. A standard auto insurance company will decide what your muscle car is worth at the time of the loss. A classic or specialty car company will sell an Agreed Value policy, which means the vehicle owner and auto insurance company will agree on the value of the car. This figure will not change unless agreed upon by the auto insurance company and vehicle owner.

While most specialty or classic car insurance companies do not require an appraisal, it might be a good idea to get your muscle car appraised and provide documentation of the amount. Also, it is important to steer clear of “Stated Value” policies. According to classic car insurance company, Leland West, these types of policies pay the "Stated Value" or the "Actual Cash Value" ... whichever is less. All that stated value insurance does is help to decide how much your premium will be. Only an Agreed Value policy is without hidden catches. So if you purchase an Agreed Value policy and you are the victim of auto theft or your car is totaled, you will receive the agreed value. Period.

When searching for a specialty car insurance company for your muscle car, there are several things to look for in a top notch insurance provider. Top specialty car insurance companies will likely know the value of your car just by talking to you. Next, a high end company will not automatically treat you as “high-risk” just because you own a muscle car. High end specialty auto insurance companies will also offer discounts while your car is being stored or special coverage when it is being restored. They will also have no problems insuring modified muscle cars, and they will offer convenient payment plans for financing your premium.

For more information about auto insurance and auto insurance laws in your state, visit Auto Insurance Tips or your state insurance department for details.