Most states and insurers consider any vehicle that was built more than 25 years ago to be a classic car. A classic car can get special license plates that affirm its classic status and specialized car insurance if it’s not a vehicle that you use as a daily driver. According to PrivateAuto, industry insiders say the classic car market should grow by about 9% through 2024. If you have a classic car or are considering buying one, here are some ways that a classic car insurance agent can help.
Full Coverage for Classic Cars
Your classic car insurance agent can help you get a suitable amount of full coverage insurance for your classic auto. Whether it’s a car, truck, or another type of vehicle, you can obtain collision and comprehensive insurance coverage for your classic auto. If your classic is damaged in an accident, is stolen, or suffers damage in any way, full coverage should apply and repair your vehicle if possible or replace its value when repairs are impossible.
Liability Coverage While Driving or at Shows
Classic cars, vans, and motorcycles are just as capable of causing property damage and bodily injuries to others as currently produced vehicles. That damage might occur because of an accident that happens while on an occasional drive. It also might happen while the vehicle is at a classic car show or another special event. For example, someone might cause the open hood to shut on someone’s fingers and injure them. Liability coverage could pay up to policy limits for the bodily injury.
Agreed-Value Policy Limit
It’s important to pay attention to a vehicle’s value and have it insured for that amount. The value of classic cars changes often. A qualified appraiser of classic vehicles could assess the vehicle and apply a value based on its condition and the recent selling prices of similar vehicles. Classic car auctions help determine the value of classic cars and other vehicles.
Affordable Classic Car Insurance Rates
Most people who own classic cars store them indoors in climate-controlled environments. Indoor storage protects classic vehicles against the weather and potential theft or vandalism. It also helps prevent accidental damage from falling objects, kids playing outdoors, or any other unexpected causes of damage. Affordable classic car insurance is the final component in protecting classic car owners against financial loss.
You can get a coverage quote from an experienced classic car insurance agent by calling or visiting AOAWest today. We look forward to helping you.