5 Common Myths About Classic Car Insurance You Shouldn’t Believe

Owning a classic car is an exciting experience. These vehicles are often much more than just a mode of transportation; they represent passion, history, and personal style. Understanding classic car insurance coverage is essential when it comes to protecting your prized possession. However, many myths surrounding this type of insurance can lead to confusion.

Let's debunk five of the most common myths about classic car insurance so you can make an informed decision for your classic car.

1. Classic Car Insurance is the Same as Regular Auto Insurance

One of the biggest misconceptions about classic car insurance coverage is that it's just like regular auto insurance. In reality, classic car insurance is quite different from standard policies. Classic cars are valued for their age, condition, and rarity, and insurance for them considers these factors. Regular car insurance doesn't typically cover the unique needs of a classic vehicle. Classic car insurance policies are designed to provide coverage that reflects the actual value of your car, which may be much higher than its market value.

2. Classic Car Insurance is Too Expensive

Many people assume that insuring a classic car is expensive. While it's true that classic cars can be costly to repair or replace, the cost of classic car insurance is often more affordable than most think. This is because classic cars are generally driven less frequently and are kept in good condition. Insurance companies offer policies that cater to these factors, often resulting in lower premiums than regular car insurance.

3. Classic Car Insurance Only Covers Accidents

Some individuals mistakenly believe that classic car insurance only covers accidents. While its accidents are covered, classic car insurance typically includes a range of additional benefits. These may consist of coverage for theft, fire, vandalism, and even damage that occurs during restoration work. Comprehensive coverage options ensure that your vehicle is protected against a variety of risks.

4. Classic Car Insurance Doesn't Cover Modified Cars

If you've modified your classic car, you may think that classic car insurance won't cover it. This is another myth. Many classic car insurance policies allow modifications, such as custom paint jobs or engine upgrades. However, it's essential to disclose any changes to your insurer so they can accurately assess the value of your vehicle. Failing to do so could result in insufficient coverage in case of a claim.

5. Classic Cars Don't Need Insurance if They're Not Driven Often

Some classic car owners believe their vehicle doesn't need insurance if it is not driven regularly. This is a dangerous misconception. Even if your car is sitting in the garage most of the time, it can still be at risk of damage from fire, theft, or vandalism. Classic car insurance coverage ensures that your car is protected, even when it's not on the road. It's essential to keep your classic car insured, regardless of how often you drive it.

Protect Your Classic Car with Fuller Insurance Agency Coverage

Classic car insurance coverage is vital to owning a vintage or rare vehicle. By understanding the facts and debunking the myths, you can ensure that your prized possession is appropriately protected. Don't let misconceptions about classic car insurance prevent you from making the right choices for your vehicle.

At Fuller Insurance Agency, our team is here to guide you and help you find the best coverage for your needs. Contact us today at (800) 640-4238 to explore your options for classic car insurance.