collector car insurance

[bruno17]

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I recently learned something very interesting that hopefully will be of help to others.

When I purchased my first collector car I called one of the major collector car insurance companies and obtained insurance. As happens to most of us this soon became an addiction and I continued to add cars calling the same insurance company each time. Later I decided to get my dealers license and then added garage liability insurance using the same insurer.

I felt confident that the insurance company was treating me right on the price, but recently I decided to bid out my insurance needs to the other major collector car insurers. The quotes came in almost 40% less than what I was being charged. Point is if you have stayed with the same insurer for some time you might be surprised what you will find out when you bid this out.

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Funny thing,
My dealership has been with the same insurance company for the past 20 years and I decided to get quotes from 2 other companies this fall.Much to my surprise,the quotes came in 40% cheaper!!! Broker explained to me that this is a soft insurance market and they're canibalizing each others business to grab as much money as they can to make up for the investment shortfall they're experiencing.