Collecting classic cars has become a popular hobby in America. Many folks are flocking trade shows and car events to see what vintage cars they can add to their collection. Classic cars are a huge investment. While maintenance is essential, you must think about classic car insurance to protect your memories and heritage.
Classic car insurance isn’t that different from standard auto insurance. However, there are differences here and there. Want to learn more about classic car insurance? Keep reading as Ransom & Associates Insurance Agency of Winder, GA sheds more light on this insurance coverage.
What is classic car insurance?
Classic car insurance protects your collector’s car just like standard insurance protects your typical vehicle. However, the difference between your vintage car and your typical car is that it appreciates or maintains its value. As such, you need insurance coverage that protects the true value of your classic. Typical classic car insurance coverages include:
- Comprehensive coverage
- Collision coverage
- Roadside assistance
- Lability insurance
- Uninsured/underinsured motorist coverage
- Special parts coverage
- Medical Payments
When insuring your classic, you need to consider the agreed value. Unlike standard vehicles that depreciate from the moment you drive off the lot, antique cars appreciate. So, when your car is totaled, your insurer will compensate you the pre-agreed amount your car was worth when taking out the policy.
How do you qualify for classic car coverage?
While there are many definitions of classic cars, insurance companies consider a classic car as any vehicle that is 25 to 30 years old. While age is one consideration, you shouldn’t also use your car every day. Most insurance companies put a mileage limit as a condition for classic car insurance, and you must prove ownership of another car for a regular commute.
Buy classic car insurance in Winder, GA
Looking for classic insurance to protect your classic? Don’t look further than Ransom & Associates Insurance Agency. We offer personalized and competitive classic car insurance coverages.
