Classic car owners are truly in a league of their own. They belong to exclusive clubs, have competitions, and cruise around in parade formation. The bottom line is that you don't purchase a classic car as your commuter vehicle.
Classic car enthusiasts spend the majority of their time keeping their car "classic" and they need the right coverage to protect their investment.
That's why it's important to know all about the ins and outs of classic (or vintage) car insurance. An independent insurance agent has the info you’re looking for and will walk you through a handpicked selection of top policies to keep your vehicle in mint condition.
What Is Classic Car Insurance?
Classic or antique car insurance is a type of auto insurance specifically designed for classic cars. It factors in reduced liability since classic cars are typically driven less than regular cars.
What’s the Difference Between Classic Car and Regular Car Insurance?
There are two differences which are value and liability. Classics are typically worth more than regular cars but are driven less, and the policies are written and priced to reflect that. The basic thought is you shouldn’t pay the same amount to cover a car that spends more time being waxed and washed than on the road.
Why Do I Need Classic Car Insurance?
A classic car is an investment. It's rare that someone purchases a classic car with no intention of preserving it. These cars are polished-to-perfection masterpieces that need extra love and attention. A car like this deserves more than a generic auto policy, it needs protection to match and cover its excellence.
What Does Classic Car Insurance Cover?
Classic car insurance covers everything regular auto insurance does, but with a few twists to cover it like a top-shelf wax. In order to qualify for classic coverage, your car must meet a few requirements like make, model, and age. But providers will evaluate on a case-by-case basis and set their own house rules.
If you have a certified classic, there are a few primary differences between classic and regular coverage:
- Value: The pricier the classic, the higher the premium.
- Capped recovery: The pricier the car, the less likely you’ll have full replacement value coverage if it gets totaled.
- Driving frequency: The more you drive it, the higher the premium.
- Specified driving periods: The coverage may only apply during certain times, like Saturdays, or for use in car shows or parades.
How Much Does Classic Car Insurance Cost?
Cost is case-by-case dependent. If you have an expensive ride and drive a lot, you’re going to pay more. If you drive a less expensive vehicle a handful of times a year, you’ll pay less.
A lot of carriers will want your car appraised before they give you a final quote. They want to know exactly what they’re covering, so this will affect cost.
Finding and Comparing Classic Car Insurance Quotes
An independent insurance agent will review your needs and help you find the best classic car insurance coverage for your unique needs. They'll also compare policies and quotes from multiple insurance companies to make sure you have the proper protection to keep you and your classic safe.
The Benefits of an Independent Insurance Agent
Independent insurance agents have access to multiple insurance companies, ultimately finding you the best coverage, accessibility, and competitive pricing while working for you. Find an independent insurance agent in your community here.