Drive carefully and avoid doing things which cause accidents. The collector car insurance that you have will not take care of the huge repair charges incurred in the repair process. Do not relax thinking classic car insurance which is affordable to be a car insurance of the cars of daily use. Besides, unlike a car for home or official use, insurance requirements may stipulate many terms for use of the collector car for the insurance to be binding. It is hence necessary to know the complete details of a collector car insurance policy before insuring a collector car. The insurance companies giving collector car insurance should make it clear that the damages if any in a car show will or will not be compensated by them. Also if the restoration cost is inclusive within it. The insurance policy must elucidate whether the insurance firm would want the car to be fixed in workshops shortlisted by them or accept the cost of repair by the client's car-mechanic? It should also be clarified whether the insurance policy would be valid if the car is shipped to a far place to take part in an event? It is also extremely significant to know whether the amount of the collector car insurance is adequate as a collector car is a prized possession. It is a familiar question asked by the collector car insurance companies whether they have a second car to fall back upon. In brief what will be the per centum of use of that collector car? They also need the age of driver, driving record and history of persons in the household along with age of the car and whether it could be grouped as veteran or vintage or classic? Limits are laid down on the speed of the car. The circumstances when the car is driven on the road need to be mentioned. Classic car requirements in general take into consideration the miles travelled by the car to enter in a rally or show and quite importantly whether the car is utilized for commercial purposes or not. A comparatively inexpensive insurance than that of the standard car insurance is the collector car insurance. It can trace its origins 50 years back. Though standard car insurance offers effective cover for cars for daily use, the collector car insurance allows several extra benefits. You have a choice while accepting specialty program e.g. rates, standard of service, type of insurance coverage, and handling of claims, availableness of staff with proficient knowledge of collector vehicles. You can select what is best in your estimation. The owner has to opt for an affordable car insurance scheme. For that he has to make a elaborate survey of the varied collector car insurance. In a cash value one he is not benefited.After doing a elaborate survey of the collector car insurance schemes, the possessor is prepared to go in for the inexpensive one. The cash value one is not favorable to him.