When you have a nice classic car or antique car, it's important to get the right auto insurance coverage on it. And for most classic cars or collector cars, exclusive classic car insurance is almost always better than regular car insurance. This blog entry explains why classic car insurance is by far better than insuring your classic car with regular car insurance.
However, before you can insure a classic car with a classic car insurance policy, there are certain qualifications that need to be met. The most important qualification being that you do not use this vehicle as your regular vehicle. Classic car insurance companies are going to want to see proof of insurance on other vehicles on a regular car insurance policy that you drive on a regular basis before they'll write your classic car under a classic car insurance policy. As long as you're not driving your classic car on a regular basis, and you can show that you have insured regular cars on a regular auto insurance policy, there isn't a problem.
Another qualification is the age of the vehicle. However different companies have different guidelines about what qualifies as a classic auto. But the general standard with most companies is usually 25 years. Each classic auto insurance company is a little bit different in other qualifications. But for the most part, those are the two main things are use and age of the vehicle (and of course, age doesn't always apply with special edition collector cars and exotic vehicles).
Why is classic auto insurance better than regular auto insurance? There're several reasons for this:
Do I need to get an appraisal?
With many classic car insurance companies, you will not be required to get an appraisal unless there's no other way to determine the vehicle's value. With most companies, you simply might have to send in a few recent pictures that clearly shows the vehicle up close. That's usually the standard.
How does the quote process work?
The quote process is really no different than getting a quote for any other type of insurance. But the most efficient way is to get a classic car insurance quote is with an independent agent, as opposed to getting a quote one company at a time.
Which classic car insurance companies does Lyles Insurance represent?
The three companies I carry are Hagerty, JC Taylor, and American Collectors Insurance. All three companies are amongst the top of classic car insurance companies. All you need to do is fill out one quote form and I will do the shopping for you with each company. Once we run your quote with the coverage levels you select, I will find out for you which of the three companies comes out with the lowest rate. And as always, I handle all quotes personally and privately.
Click here for an online classic car insurance quote.
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Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..