Platinum Auto Insurance Review

Platinum Auto Insurance is an auto insurance company that specialises in European vehicles, so the cover will be different than is ordinarily found for auto insurance companies that insure all types of vehicles. Platinum Auto Insurance offers different types of auto insurance policies for different types of cars.

Platinum Euro

Platinum Auto Insurance’s Platinum Euro plan insures new or used vehicles that have a value above $50,000. With this cover, people may transfer their no claim bonuses to this company. This cover also insures the vehicle when it has been hit by another driver. When the driver of the other vehicle is know, the policy holder’s no claims bonus is not affected.

The car may be stolen, and those car owners who have the Platinum Euro policy will be able to offer a reward for the vehicle’s return. The Platinum Euro policy offers up to $5,000 in reward money for the purpose of encouraging someone to help find the lost vehicle.

Platinum Signature

A European car that has a value less than $50,000 qualifies for the Platinum Signature Policy. If the car is used, it must have a value of at least $25,000 to qualify. Ordinarily, people who use their vehicles for work must purchase a commercial auto insurance policy, but Platinum Auto Insurance’s Platinum Signature cover applies to a vehicle that is being used for personal reasons as well as business.

This cover also helps to modify a vehicle when it is needed. In the event that the driver is disabled in a car accident and the vehicle needs to be adjusted to accommodate the disability, the Platinum Signature cover offers up to $5,000 for this purpose.

Platinum Lite

Platinum Auto Insurance has a policy just for used European vehicles that have a market value of at least $20,000 but no more than $25,000. If the vehicle is to be written off within one year of the purchase, the Platinum Lite cover will offer the car’s owner the purchase price rather than the market value of the vehicle. The Platinum Lite policy also has a death benefit for those who purchase it. If the death occurs during a car accident, the policy holder’s beneficiaries receive $5,000 Accidental Death benefits.

Platinum Classic

Platinum Auto Insurance even has a policy for vehicles that fall under the classic car category. These vehicles must be at least 25 years old, and unlike with the other policies, these vehicles are not required to be European. In order to qualify for this cover, the owners must not drive the vehicle more than 5,000 km each year.

The other qualifying criterion is that the vehicle is locked in a secure garage or storage facility when it is not being driven. When these conditions are met, these classic car owners will be able to negotiate with the underwriters how much the Agreed Upon value will be if the vehicle is damaged beyond the point of repair.

Liability Cover

People purchasing their classic car auto insurance from Platinum Auto Insurance will be able to purchase a significant amount of liability cover. They have the option of buying third party damage and third party injury cover up to $10,000,000 for each policy. They may even be able to qualify for a discount if they insure a second classic car with Platinum Auto Insurance.

Track and Training Days

People often take their vehicles on popular tracks such as Hampton Downs for a scheduled event. Owners of classic cars are not always able to participate in these days because car insurance companies are not known for insuring vehicles at these events. But, PlatinumAuto Insurance is willing to insure classic cars on track and training days. Policy holders only need to receive approval from Platinum Auto Insurance a week prior to the event, and their vehicles will be covered under the Platinum policies they have purchased. Classic car owners receive this extension of their cover without having to pay a higher premium, but they will be required to pay extra for their excess.

Claims Processing

Platinum Auto Insurance created their claims process as a way to make it fast and easy for their clients. Policy holders have either the Glass Claim or the Full claim to submit online, and Platinum Auto Insurance will start processing the claim immediately.

They warn their clients that classic automobiles may take longer to repair, so they try to offset this fact by beginning the claims process as promptly as possible. While the car is being repaired, their clients may need a replacement vehicle, and Platinum Auto Insurance will provide it for them.

Comparison Websites

It’s worth comparing auto insurance quotes because some auto insurance companies have started to lower their prices significantly. People cannot know this if they do not take advantage of a comparison website because they are not aware of which insurance companies to call. Using a comparison website removes the guesswork from finding the lowest prices for car insurance, and the free comparison page on this website takes them directly to several auto insurance companies and their best prices.