Antique & Classic Car Insurance

You've spent a lot of time, energy and money on your antique or classic car, make sure you have the right classic car insurance coverage.

Things to Look For
When Insuring Your Antique or Classic Car

Getting the right antique or classic car insurance for your needs is an important part of protecting your investment. Insuring a special interest collector car or truck has special considerations. Here are just a few things to look for that might help you choose the right insurance policy.

Use Restrictions

Make sure your insurance policy covers you for the way you actually use your antique or classic car or truck in real life.

If you only drive it to and from car shows, or in an occasional parade, then a policy limiting you to those uses might serve your needs very well.

But if you also use your car to run down to the market to pick up a few things or to the cafe for a bite to eat, or to the beach for a little fun in the sun, you need to be sure your policy covers that kind of use. Ask your auto insurance agent to be sure.

Stated Value or Agreed Value

There may be a difference between a "Stated Value" and an "Agreed Value" for your antique or classic car for insurance purposes. Be sure to ask your agent how the company issuing your policy defines these two terms, and which is better for your situation.

You really don't want to find out after an accident that you used the wrong method to set a value for your antique or classic car.

Parking and Storage Restrictions

Some policies might require that your antique or classic car be stored in a locked garage or inside a locked enclosed trailer when not in use. Or a policy might say that your car can not be left unattended in a parking lot.

If you travel overnight to shows leaving your car in a motel or hotel parking lot might be an issue.

Be sure to ask a your agent about your specific policy restrictions.

Disclaimer: These are just my personal observations, and I'm not in the collector car insurance business. Ask a licensed insurace agent for accurate details about any insurance policy you are considering.

Resources:

Heacock Classic Car Insurance

American Collectors Insurance

Grundy Worldwide

Midwest Classic Insurance

Hagerty Insurance

Classic Auto Insurance