You don’t want to take any chance with your auto policy when it comes to classic cars. Classic car insurance differs from a standard auto insurance policy in many ways. As a classic car owner, you probably have automobilia, car restorations, and unique parts and tools that you want to ensure are sufficiently covered. Whether you have a hot rod, antique, muscle car, custom vehicle, or sports car, Alliance Insurance of the Rockies will provide a classic car insurance policy that protects you and your vehicles.
Classic car insurance is different than a standard auto policy. If a car’s value is more than what it originally sold for and is between 10 and 25 years old or more, it’s most likely considered a classic car or collectible car. A classic car insurance policy and a standard auto policy have some similarities, but critical differences distinguish the two.
A typical car usually depreciates as it gets older; however, a classic vehicle becomes more valuable with age. As your classic vehicle appreciates in value, your classic car insurance policy allows you to adjust coverage to match your car’s worth. A classic car insurance policy will generally include the typical benefits of regular car insurance coverage. Still, you can also choose a policy catered to your needs, such as coverage for vehicles in car shows.
If you’re going to invest in a classic car, you want to make sure that you have a comprehensive insurance policy to protect it. Depending on the type of car you have and your unique needs, we’ll help you pick a policy that works for you and gives you peace of mind.
As you probably know, collector cars, antique cars, vintage cars, and other classic automobiles gain value over time, so you want to make sure you protect your investment as much as possible. Some benefits of purchasing a classic car insurance policy include:
Because a collector car insurance policy has unique benefits, there are specific requirements you need to meet to qualify for this kind of coverage. In addition to the type of vehicle you have, you need to meet the following requirements. Classic car policies include coverage for but are not limited to:
Collector car insurance, or classic car insurance, is designed for the unique needs of owning a classic car. Some of the perks that classic car insurance policies have that differ from regular auto insurance coverage may include spare parts coverage, agreed value coverage, and special towing services.
Every policy is different, but most insurance agents won’t consider your vehicle a classic until it’s at least 10 years old. However, this doesn’t mean that it’s automatically a classic vehicle if you own a ten-year-old car. Remember, in addition to the age of your vehicle, there are other requirements you’ll need to meet.
Similar to your typical auto insurance policies, your driving record affects the cost of your classic car insurance. For instance, if you have a poor driving record, an agent may consider you a high-risk driver, and therefore your policy would be more expensive.
While not previously possible, some insurance companies will now allow you to bundle these two types of automobile policies. If this is something that interests you, an Alliance Insurance of the Rockies agent can find an insurance company that offers this option.
Whether you own a vintage car or collect classic cars, the last thing you want to worry about is not having adequate coverage for your vehicles. At Alliance Insurance of the Rockies, we’ll discuss your needs in-depth and present you with efficient protection options. Our priority is to make sure you and your car have the amount of protection you need. So please fill out the form, and one of our insurance agents will be in touch with you soon!