Ever since the first classic Porsche 911 rolled out on the assembly line, an instant classic was born. The 911 was first conceptualized by Ferdinand “Butzi” Porsche in 1959 as a replacement to the Porsche 356 – the company’s first launch.
The Porsche, known to have the longest running production for a successful generation of sports cars, has a different type number to differentiate each generation. Like the classic Porsche 911 (1963-1989) and the Porsche 964 (1989-1993), each number distinguishes different body types and makes of this classic. The sports car was first priced at $6500 and was assigned the model number 901, but due to copyright issues with Peugeot, the company changed the number to 911. Due to historic wins in races, like the 1966 24 Hours of Daytona, the 12 Hours of Sebring and the 24 Hours of Le Mans, the 911 is still, by far, one of the fastest and most coveted sports cars ever built.
Owning a Porsche 911 is a definite boost to your collector car investment portfolio. Recently, a Porsche 917/30 Can Am sold for $4.4 million by Gooding & Co. Now, with the latest version of the 2013 Porsche 911 Carrera available in Carrera 4 and the extremely powerful 4S version, the 911 is all set to celebrate its 50th anniversary. The 50th anniversary of this legendary classic will be celebrated at the 18th Amelia Jackson Concours‘d’ Elegance on March 10th, 2013. Porsche is also ready to reproduce its original classic crest used between the years 1952-1963 for the owners of its classic cars. The crest, depicting an unbridled horse, signifies the sense of speed, power and control available in the Porsche.
Whether it’s a Ferrari, Ford, Rolls Royce or a Porsche, fully restored classic cars always appreciate in value. Adding quality, well-maintained and restored cars to your collection will only add value to down the road. However, if you don’t protect your investment with insurance, and your collection suffers damage or disrepair, you will likely lose everything you’ve worked so hard to collect over the years.
Collector car insurance is a requirement for the upkeep and protection of your legendary classic Porsche. At Classic Auto Insurance, we don’t just provide classic car insurance, we give you tailored collector car insurance policies to protect your investments. Fill out our form online today for a FREE instant quote!
Sources:
http://business.inquirer.net/32761/the-evolution-of-the-porsche-911
http://business.inquirer.net/94038/9-reasons-why-porsche-991-is-the-leading-sports-car-model
http://www.autoweek.com/article/20120928/CARNEWS01/120929813
http://www.autoweek.com/article/20121112/carnews01/121119962
http://www.carsdirect.com/classic-cars/6-factors-that-affect-classic-car-pricing
About the Author
Drew Yagodnik is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.
