Insuring Your Collector Classic Car

What is Classic Car Insurance?

Collector classic car insurance is a type of insurance designed to protect owners of classic and vintage cars. This type of insurance is different from regular car insurance in that it can provide a much higher level of protection and often has more flexible terms. Collector car insurance is designed to provide coverage for cars that are not driven daily, and are often kept in a garage or special storage facility. Unlike regular car insurance, collector car insurance typically does not cover the cost of repairs and does not cover any liability for damage caused by the car. Additionally, collector classic car insurance can provide coverage for an agreed value, rather than the value of the car at the time of the accident.

What is Covered?

Collector classic car insurance typically provides coverage for cars that are at least 25 years old, or which are considered to be classic cars or antiques. This type of coverage typically covers the cost of replacement parts, repairs and other costs associated with restoring the car to its original condition. Additionally, the coverage often includes coverage for liability and may also provide coverage for items that are damaged in an accident. In some cases, collector classic car insurance can provide coverage for the cost of transporting the car to and from shows and other events.

What is Not Covered?

Collector classic car insurance typically does not provide coverage for any damage caused by the car, including damage to other people or property. Additionally, it does not cover the cost of repairs or the cost of replacing parts. In some cases, collector classic car insurance may not provide coverage for any damage caused by the car that is not related to an accident, such as vandalism or theft. Additionally, collector classic car insurance does not typically cover the cost of medical expenses or the cost of towing the car to a repair shop.

How Much Does it Cost?

The cost of collector classic car insurance will vary depending on the type of car and the age of the car. Generally, the cost of the insurance will be higher for cars that are older, more valuable or more rare. Additionally, the cost of insurance may vary depending on the type of coverage that is selected. For example, a policy that provides coverage for liability may cost more than a policy that does not. Additionally, the cost of the insurance may vary depending on the amount of coverage that is selected and the deductible that is chosen.

Where to Buy Collector Classic Car Insurance?

Collector classic car insurance can be purchased from most major insurance companies, as well as from specialty insurance companies. Additionally, some car clubs and organizations may offer their members discounted rates on collector car insurance. When shopping for collector classic car insurance, it is important to compare different policies and make sure that the coverage is adequate for the car. Additionally, it is important to read the policy carefully and understand what is and is not covered.

Conclusion

Collector classic car insurance is a type of insurance designed to provide coverage for cars that are not driven daily and are often kept in a garage or special storage facility. This type of insurance typically covers the cost of replacement parts, repairs and other costs associated with restoring the car to its original condition. Additionally, the coverage often includes coverage for liability and may also provide coverage for items that are damaged in an accident. The cost of collector classic car insurance will vary depending on the type of car, the age of the car and the amount of coverage selected.