If you own a classic or vintage car, you want to be sure your ‘baby’ is protected with specialized classic car insurance. Antique cars, classic cars, and collector cars are a real passion for many who invest time and money into their hobby so it makes sense to safeguard that investment with vintage car insurance.
The age of the car is not the only determining factor to qualify for vintage or classic collector car insurance. In fact, the qualifications and definitions can vary depending on the car club or organization. Here are some guidelines to help you figure out if your car might qualify for special insurance:
Unlike standard car insurance, which is based on the declining value of a car, insurance for a truly collectible car needs to consider the possible appreciation in its value as well as replacement value. For these reasons and the money you have already invested, it is best to get an expert appraisal done to assess the value of your vintage vehicle. While appraisals are not always required, you can use it to insure your car based on Agreed Value Coverage, and be confident in the amount insured.
Depending on how you use and store it, your collectible car could certainly have lower rates with classic car insurance while having appropriate coverage. This is especially true with right-hand drive vehicles. Be sure to discuss these aspects of your prized possession when shopping for vintage car insurance.
Our insurance experts would be happy to answer your questions and provide a no-obligation quote. Feel free to call us at 1-800-731-2228 or email us at firstname.lastname@example.org.