Classic car insurance is only available for certain vehicles that qualify. Your vehicle must meet these qualifications in order to be insured with classic car insurance. In general, classic cars are those older than 20 years of age and under 40 years of age.
What Qualifies as a Classic Car?
Not all vehicles 20 years old or older are considered classic cars. Classic cars must fall into this age range as well as meet other criteria concerning its condition, rarity, popularity and mode quality.
Old vehicles that are in poor condition or have been modified from their original state are not typically considered classic cars.
Classic cars should be in good condition with the integrity and original structure and pieces of the vehicle still intact. Vehicles that were part of a rare or discontinued line are often more valuable classic cars, as well.
Where to Get Classic Car Insurance
Many car insurance providers also offer classic car insurance, as many of the offered coverages overlap between the two policies. Not all insurers take on the additional risk of a classic car, though, so it is important to shop around and get quotes from multiple insurers to find the best coverage for the best rates.
Be prepared to provide information such as:
Your name and personal information
Value, make and model of the car
Frequency of use for the vehicle
Getting classic car insurance can be as simple as filling out a quote form or calling an insurance agent. If you already have auto insurance for your personal vehicle, check to see if your auto insurance provider also offers classic car insurance. Bundling coverages or having multiple policies with the same insurer can help you save money on your insurance premiums.
Is Classic Car Insurance Expensive?
Classic car insurance isn’t as expensive as you might think. On average, classic car insurance costs less than a standard car insurance policy. Your rates will vary, however, depending on the value of the car, your driving record, credit score, location, and other factors.
Although you will be expected to drive your classic car significantly less than you would a personal vehicle, your driving record will still affect how much you pay for classic car insurance. Be sure to speak with an insurance agent about insuring your classic car and saving money on your insurance premiums today.