loader

Key Requirements to Obtain a classic Car Insurance

Jun 15, 2022

Auto

Key Requirements to Obtain a classic Car Insurance

Classic cars are special assets. Classic car insurance is designed to cover your car if it's stolen or vandalized. You are also covered if your car is responsible for injuring someone or causing property damage. Here are some key requirements that you must understand while searching for the right coverage.

Types of Vehicles Qualify for Classic Car Insurance Coverage

Many car owners mistakenly believe that all cars qualify for classic car insurance after a certain age. While the vehicle's age is a primary factor, it's not the only factor. Eligibility for classic car insurance differs from one auto insurance company to the other. You must drive your classic car only occasionally to qualify for the coverage. If you have an older car that you drive regularly, you will be asked to purchase traditional auto insurance. Some insurance companies may ask you to show proof of an alternative vehicle you use for commuting before finalizing your classic car insurance policy. If you keep your classic car in storage most of the year, you can add a limited use policy that covers you only during shows and exhibitions.

 Criteria for Classic Car Insurance Qualification 

Your car must be considered classic to qualify for coverage. The other selection criteria are:

  • The car should be at least 25 years old
  • Your classic car must be kept in a secure storage area
  • You must have a good driving record
  • The car should be in excellent condition, and you'll be asked to perform regular maintenance to help prevent future problems.

Each insurance company has different eligibility standards. For example, some companies require drivers to be aged over 25 before applying for classic car insurance.

The following vehicles can be insured with a classic car insurance policy:

  • Military vehicles
  • Motorbikes
  • Vintage cars
  • Street rods
  • Farm vehicles

If you have an older car, it must be restored to good condition before being eligible for classic car insurance. If you have a 15 -year -old car with unique modifications that have enhanced the total value, the car may qualify for classic car insurance.

When Can You Get Classic Car Insurance

Insurers may decline to offer classic car insurance if your car is:

  • In poor condition
  • Structured for-off road use
  • Damaged

What Does Classic Car Insurance Cover

Classic car insurance policies are structured similar to regular auto policies in that the term length is a year, and you can choose between liability, collision, and comprehensive coverage. You also can add extra coverage such as uninsured motorist insurance or emergency roadside assistance. It's recommended that you add comprehensive insurance if you have a high-value classic car.

Consult With Fuller Insurance Agency

If you have further questions regarding your classic car insurance, contact our insurance experts at Fuller Insurance Agency, and we will assist you. We can develop a customized classic car insurance plan to suit your needs.

Slash Your Small Business Insurance Cost: Top Secrets
Slash Your Small Business Insurance Cost: Top Secrets
Behind the Wheel: Car Insurance Options for Non-Owned Vehicles
Behind the Wheel: Car Insurance Options for Non-Owned Vehicles
Tech Protection: Does Homeowners Insurance Cover Your iPad or Tablet?
Tech Protection: Does Homeowners Insurance Cover Your iPad or Tablet?
The Insurance Squeeze: Effect of Climate Change on Home Insurance
The Insurance Squeeze: Effect of Climate Change on Home Insurance
Lowering Worker's Comp Costs: Solutions for the Restaurant Industry
Lowering Worker's Comp Costs: Solutions for the Restaurant Industry

Color Contrast

Bigger Text

Text Align