Classic Car

Why You Need Classic Car Insurance

Protecting Your Prized Possession

Classic cars are more than just a vehicle, they are part of your lifestyle. That’s why we include policy options that go beyond just covering damages and losses.

Classic car insurance is designed specifically for vehicles considered classic, antique, or collectible. These cars often have unique value and require specialized coverage to ensure they are adequately protected.

What Does Classic Car Insurance Entail?

Classic car insurance offers several key features that differentiate it from standard auto insurance:

• Agreed Value Coverage: This means you and the insurer agree on the value of your car at the time the policy is written. In the event of a total loss, you receive the agreed-upon amount without depreciation.
• Flexible Usage: Unlike regular auto insurance, classic car insurance allows occasional pleasure use, such as weekend drives, car shows, and exhibitions.
• Specialized Claims Handling: Insurers specializing in classic cars often have expert claims handlers who understand the unique needs of classic car owners and can help source rare parts.

Who Qualifies for Classic Car Insurance?

Eligibility for classic car insurance typically includes the following criteria:

• Age of the Vehicle: The car is usually at least 20 to 25 years old.
• Condition: The vehicle must be well-maintained or restored to its original condition.
• Limited Mileage: Annual mileage is often capped between 1,000 and 7,500 miles.
• Secure Storage: The car must be stored in a locked, enclosed garage or facility when not in use.
• Usage Restrictions: The vehicle cannot be used for daily commuting or business purposes.

Types of Coverage to Look For

When insuring your classic car, consider the following types of coverage:

• Agreed Value Coverage: Ensures you receive the full insured amount in the event of a total loss.
• Liability Coverage: Protects you against claims for bodily injury and property damage if you are at fault in an accident.
• Comprehensive Coverage: Covers non-collision-related damage, such as theft, vandalism, and natural disasters.
• Collision Coverage: Pays for damage to your car resulting from a collision with another vehicle or object.
• Roadside Assistance: Provides towing and assistance services tailored for classic cars, ensuring they are safely transported.
• Spare Parts Coverage: Covers the cost of replacing rare or hard-to-find parts.
• Auto Show Medical Coverage: Provides coverage for medical expenses if someone is injured at an event featuring your car.