Classic car insurance is different from normal car insurance as it has many benefits. However, you might find the cost of insuring your classic car can be very high as well. There are several ways on how to reduce your rates and still get enough protection for your car and yourself.First of all, classic car insurance has ‘no claims bonus’ clause. This means that your premium would not be affected by some occasional claims. However, this doesn’t mean that you can claim as much as you like. You should still maintain a good driving record by driving carefully all the time. It is not a secret that insurance companies give high rates to high risk drivers.Next, try to keep your classic car in a safe place to avoid it being stolen or damaged. Classic cars are usually very valuable due to their rarity and they are very prone to theft and vandalism. If you have a garage in your home to park your car, you will have very high possibility to get lower rates for your classic car insurance.If you are searching for cheap classic car insurance, the companies normally require you to have another car which you use for your daily commuting. This other car should not fall in the category of classic cars. This is because classic cars are usually limited by the policy for pleasure use only. They might also be imposed with certain mileage limit. This means that you can only use the classic car up to a specific mileage a year. If you drive more than the specific mileage, you might be offered higher rates.Classic cars are getting rare nowadays as they have been replaced by modern cars with better speed and performance. However, there are still people who enjoy using classic cars as their mode of transportation or keeping them as collectibles. No matter what is the reason these people are still keeping their classic cars, they should always protect them with sufficient amount of insurance coverage.