As the owner of an antique car, you take pride in your vehicle. You’ve probably worked hard to restore or refurbish the car, and you may even participate in car shows and other events. It’s no surprise that insurance providers value these cars differently than modern cars. This is because of the following reasons.
Because antique cars are highly cared for, they tend to appreciate in value over time.
In many cases, these cars are not driven very frequently. Some owners only drive them to car shows or for a bit over weekends.
When not being driven, these cars are often stored in garages or other indoor storage facilities. This limits a vehicle’s exposure to weather damage and theft.
Every car on the road must be insured, at least with the liability coverage that’s required by law. However, it’s a wise choice to buy more comprehensive coverage for antique vehicles since you’ve likely devoted a lot of time and money toward maintaining them. Even though antique cars spend more time safely tucked away, they still are susceptible to damages and accidents. Plus, many of the parts and furnishings are more costly to repair than modern parts.
Some people avoid buying a comprehensive policy because they believe it will cost more to insure an antique car. However, quite the opposite is true. Because of the points above, antique cars often present a lower risk than everyday modern cars. This means specialized antique auto insurance policies may be much more affordable than you think.
Your independent insurance agent will walk you through the details of such a policy, including the agreed upon value of your vehicle. The exact coverage that’s right for you will depend on the age of your car, the condition of the car and any modifications you’ve made, among other factors. Call an agent today for a free quote.
Protect your vehicle, no matter the age. Call Insurance Partners of Kansas at 316-686-6666 for more information on Wichita antique car insurance.