Classic Car Insurance

A classic or antique car is more than just a vehicle, it is an investment. Finding the right classic car insurance is the best way to protect your investment. Before you rush out and buy a policy, however, it is important to realize that insuring a classic car is different than insuring a regular everyday vehicle. There are special considerations to take into account before you decide on the right policy for you.

If you rarely drive your classic car, then you should find a policy that reflects that. If you only drive your car to auto shows once or twice a year, then there is no point in paying for regular road use. There are several policies available that can be tailored to fit your particular driving habits. If you use your car slightly more often than just for show, then you need to make sure that is reflected in your policy as well. Ask your auto insurance agent what types of policies are available in your state.

Determining the value of a classic or antique car can sometimes be difficult. After all, how can you put a price on the time and effort you have put into your auto? Insurance companies have two different types of value: “agreed” value and “stated” value. Make sure to ask your insurance provider how they define these two terms so that your policy works fully to your advantage.

Some insurance providers may require that your classic car be stored to their exact specifications. This would include either a locked garage or trailer when it is not being used. Some policies may also state that you may not leave your car unattended in public.