Insurance is one of those necessary evils in life. When it comes to insuring your pride and joy the first decision you need to make is whether you will be driving your car back and forth to work.

Collector car insurance typically has much lower rates than your standard insurance but comes with such restrictions as no to and from work use, and restricted amounts of mileage per year(depends on the insurance company). As long as you're willing to follow these rules it's definitely the way to go.

Having appraised value for your vehicle is very important so that if a claim is ever made you will have proper coverage.
Insurance companies have rules on how long they will consider an appraisal valid. This usually depends on the value of the vehicle. In some cases it could be as little as one year, and in other cases it could be up to five years.
Once your receive your policy check to see that the rating is "19a" indicating you're covered for the appraised value of the vehicle. A rating of "19" indicates your coverage is not based on an appraised value.

Insure the appraiser you use is on the insurance companies approved appraisers list before having the appraisal done.

Another thing to keep in mind is that if your car is still in numerous pieces in the garage it's still a good idea to get insurance and most appraisers can provide the insurance company with detailed information on what your car is worth in its present state including all parts.

The collector car insurance companies I am aware of for people residing in Alberta are Canada Brokerlink(formerly Baker insurance) in Calgary, Competition Insurance Incorporated in Edmonton, Legends Collector Vehicle Insurance in Medicine Hat/Calgary , Hagerty Collector Car Insuance available at Lundgreen and Young and Palliser Insurance in Calgary.

Competition Insurance Incorporated offers the Silver Wheel Plan for antique car, classic car or special interest automobiles and the Custom Wheel Plan for modified cars, street rods or custom automobiles.

See below for the contact information and the link for them: