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.
Your car must be considered classic to qualify for coverage. The other selection criteria are:
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:
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.
Insurers may decline to offer classic car insurance if your car is:
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.
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.