Antique and Collector Car Insurance – What You Need to Know

Antique and Collector Car Insurance: What Is It?

Antique and collector car insurance is a specialized type of coverage that is designed to protect classic and vintage vehicles. Most insurance companies provide coverage for classic cars, but not all offer the same types of policies or the same levels of protection. Depending on the type of policy you choose, antique and collector car insurance can provide coverage for repairs, replacement parts, and even roadside assistance.

Antique and collector car insurance is typically more expensive than regular auto insurance, but this is because these policies offer specialized coverage for vintage and classic cars. These policies are also normally more comprehensive than regular auto insurance, as they cover a wider range of risks and damages. In addition, some policies may also provide coverage for towing, rental cars, and other services that are not included in traditional auto policies.

What Kinds of Vehicles Are Covered?

Antique and collector car insurance typically covers vehicles that are at least 25 years old or classic cars that are no longer in production. The age and type of car that is eligible for coverage will vary depending on the insurance company. Some policies may also offer coverage for antique motorcycles, boats, and other types of classic vehicles.

It is important to note that classic cars that are used for racing or other activities that involve high speeds are not typically eligible for antique and collector car insurance. Additionally, some insurance companies may exclude certain types of vehicles from coverage, such as kit cars or replica cars.

What Does Antique and Collector Car Insurance Cover?

Antique and collector car insurance is designed to provide coverage for classic and vintage vehicles. Most policies provide coverage for repairs, replacement parts, and other services that may be necessary to keep the car running smoothly. Additionally, some policies may also provide coverage for towing and rental cars in the event that the classic car is inoperable.

In addition to repair and replacement coverage, antique and collector car insurance may also provide coverage for the vehicle’s appraised value. This coverage helps to protect the owner in the event of a total loss, as the insurer will reimburse the owner for the value of the car.

How Much Does Antique and Collector Car Insurance Cost?

The cost of antique and collector car insurance will vary depending on the type of coverage that is chosen and the value of the vehicle. Generally speaking, antique and collector car insurance is more expensive than regular auto insurance, but this is because these policies offer specialized coverage for classic and vintage cars.

It is important to shop around for antique and collector car insurance to ensure that you are getting the best possible coverage for your vehicle. Many insurance companies offer discounts or special rates for classic cars, so be sure to ask about these when shopping around for a policy.

Conclusion

Antique and collector car insurance is a specialized type of coverage that is designed to provide protection for classic and vintage vehicles. These policies are typically more expensive than regular auto insurance, but they offer specialized coverage and protection for classic cars. Be sure to shop around for the best coverage and rates, as many insurance companies offer discounts or special rates for classic cars.