Owning a classic car is much more than just owning another vehicle, it is preserving a piece of history. Since classic cars differ from daily drivers, they require slightly different insurance coverage. Keep these classic car insurance basics in mind to ensure that your classic is properly protected.
In order to qualify for classic car insurance, a car has to be at least 10 years old, which can include limited production cars and modified antiques. In order to be classified as an antique car, the vehicle must be at least 25 years old and not have any modifications or have been restored to its original condition. There may be other restrictions when qualifying your vehicle as a classic car, so make sure to talk with your insurance agent to ensure that you have the right amount of protection.
Typically, when you insure a classic car, there is a limit on the amount of miles that you can drive each year. However, for an additional cost, many insurance providers can raise the number of miles you are allowed to drive. Keep in mind that the more you drive your classic car, the more expensive your insurance will be since there is a greater chance of damage.
Since it is a little more difficult to decide on the value of a classic car, you will have to decide on an agreed value with your insurance provider. Agreed value of a classic car is based on the condition and market value of the vehicle. If your classic car is destroyed or stolen, you will receive the agreed value as a payout.
For all of your auto insurance coverage needs and to ensure that your classic car has the right amount of protection, contact the insurance professionals at McCarty Insurance Agency in Fresno, California.