Insuring a classic vehicle is very different to insuring your usual family vehicle and to ensure you get the most appropriate deal for your needs, you need to understand how the system works.
A few things you need to consider when insuring a classic vehicle:
When insuring a classic vehicle, don't just call your local insurance broker. Instead go online to look for what you need because it's there you'll find the biggest selection of specialist companies, the best policies and the best prices.
When consulting with your insurance broker it's a good idea to ask about his or her experience of insuring classic cars or motorcycles and if its a new field for them, you might like to consider consulting a specialist broker.
Whoever you choose, try to ask theoretical questions and try even harder to get those replies in writing. Remember that a verbal statement wont hold much water in any claims dispute.
Make a point of asking the broker to confirm their own particular interpretation of terms such as 'actual cash value' (ACV), stated value, (SV) and agreed value (AV) etc. Also make a point of asking them to confirm quite who does the valuation.
In closing, my advice would be not to necessarily go for the cheapest option. You get what you pay for and you certainly don't ever get what you dont pay for. Remember your classic vehicle is probably virtually irreplaceable, so why skimp on a few dollars or pounds when it can cost you a loss of thousands.