How to Drive Value From Your Fastest Asset

At the recent 2018 Monterey Car Week, a 1962 Ferrari 250 GTO broke the record for the most expensive car ever sold at public auction—bringing in more than $48 million. While an eye-popping number, it is indicative of a larger trend: successful individuals investing in collector cars as a means of diversifying their financial portfolios.

But a collector car’s value isn’t the only differentiator from “everyday” vehicles, even luxury ones. Rather, they require special care and risk mitigation measures in order to protect, both in terms of financial value and driving condition. Continue reading

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Distracted driving: It’s more than you think!

Distracted driving has gained a lot of attention in recent years, with many people blaming the increased technology. While the advancement of mobile technology has played a huge role in distracted driving, there are other aspects that contribute to this … Continue reading

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No One’s Stealing My Baby

It doesn’t matter who or where you are with your collector car – you can’t let it be a target for thieves who are always on the lookout for an opportunity. As the spring and summer approach, many collectors will be moving their vehicles. Whether you are transporting your supercar from Florida to New York, shipping a newly purchased vehicle from Washington, DC, or exhibiting at a car show in California, have a plan in place to keep it safe. Continue reading

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Keeping Your Treasured Vehicles Safe

For those who love their collector cars, keeping them safe and sound is a top priority. Whether you own antique classic cars, 1950s/60s/70s muscle cars, supercars, antique trucks or military vehicles – you likely have a deep emotional connection to your collection. These treasures are to be stored and secured with the highest devotion and care.

And so, they should be. Top classics are demanding prices well over $100,000 these days, so protecting them from theft and damage is a wise decision. When storing your vehicle in a storage facility or protected garage, here are some tips to keep in mind:
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What Car Enthusiasts Should Know About the Collector Car Market

At the recent Monterey Car Week, auctioneers pulled in just under $340 million in sales. While not chump change, it was well below 2015 results ($396 million, for reference). As I explained in a recent conversation with Independent Agent, sales … Continue reading

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High-End Vehicle Trends

High-end vehicles are becoming more costly and complicated to maintain and repair. For example, there can be up to ten airbags in some high-end vehicles, as opposed to the usual four airbags generally found in most cars. And replacing these damaged airbags isn’t cheap. What’s more, in a moderate front end collision involving an Audi A8, each headlight alone is $2800. Once you need to replace the bumper and headlights, the price tag to repair is already approaching $10,000. Continue reading

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When the Rubber Hits the Slushy Road

One of the most important keys to safe winter driving is actually four keys — your vehicle’s tires. As the only things between you and the often-icy or slushy roadway, picking the right tires can provide important benefits in your … Continue reading

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Parent Involvement Key in Teen Driving Safety

Sadly, traffic crashes are the leading cause of death for U.S. teens. Perhaps this is because teens are particularly vulnerable to distractions while driving, and/or are more prone to texting while driving than adults. In fact, the act of texting … Continue reading

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Driving Safety Through Technology

Educating parents and teens on the risks of distracted driving is crucial in saving lives. However, despite being aware of risks, teens may give in, on occasion, to distractions or reckless driving. This often creates a sense of helplessness in … Continue reading

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Collector Cars Require Special Expertise

Classic car buffs will likely know the difference between a 1967 Pontiac GTO and a 1967 Plymouth Barracuda. The horsepower, the torque, the available engine sizes, the number of barrels in the carburetor and zero-to-sixty times, are some of the … Continue reading

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