Classic cars are often your pride and joy. They appear at car shows, and there’s nothing quite like customizing your car. Classic car insurance services help you protect your investment to ensure you receive compensation for damages and have the assistance you need. However, there are a few things to know before you get car insurance.
1. Classic Car Details
There is specific insurance for classic cars, so knowing whether you have a classic car is essential. According to American Collectors, vehicles manufactured before the year 2000 are defined as classic cars. You’ll also need to know how many miles you drive the vehicle, the VIN number, how many miles are on the car, and other vital details. Representatives will use this information to determine your premium.
2. Types of Insurance
Many people who want classic car insurance services opt for full coverage. Full coverage insurance covers damages by other people if you get into an accident, even if it doesn’t involve another vehicle. Liability insurance usually only covers damages to the other car, so you’ll have to pay for damages to yours out of your pocket. Basic liability insurance may not include add-ons, such as roadside assistance.
3. Coverage Details
When you get auto insurance, be sure to check exactly what is covered under your policy. For example, if you’re commuting to work, taking a trip, or any other personal uses, you’ll be covered. However, if you’re using it for commercial purposes, like delivering pizzas, you may not be covered. Ride-share services typically are not covered, however many classic car insurance services now offer additional coverage for ride-share drivers.
4. Agreed-Upon Value
The agreed-upon value is how much your classic car is worth. If something happens, and the insurance company totals your car, they’ll pay you the agreed-upon amount. However, ensuring you are honest with the company regarding any upgrades or additional features the car has that can increase value is crucial. This can also impact whether an insurance company will take you on as a client. Some companies won’t accept policies for cars over a certain amount.
Figuring out everything about classic car insurance can be challenging. Thankfully, we’re here to help. Contact AOA West today, and our customer service representatives can help you find the ideal coverage for your car.