Classic Car Insurance

 
Those who have a vehicle that is worth more as a collector's item than it is worth intrinsically as a vehicle should consider purchasing classic car insurance to protect the value of their antique car. Classic car insurance is not for cars that are used as workhorse vehicles and most classic car insurance places restrictions on the use of the vehicle that make it impossible to use the vehicle for everyday transportation.

When considering classic car insurance, you should evaluate how you use your vehicle. Understand that most classic car insurance will allow you to drive the vehicle to and from automobile exhibits, parades, and similar events, but will not cover everyday around-the-town type driving. This type of restriction is usually enforced by specifying a limit to the number of miles that the vehicle may be driven per year. Most classic car insurance policies have different mileage ceilings depending on how often the classic car is taken to car shows.

Additionally, classic car insurance policies usually stipulate some rather firm requirements regarding how the vehicle is stored. Most policies will not cover a vehicle that is parked in a yard or in a car port. Rather, the policies typically require that the classic car be housed in a fully enclosed garage that can be locked.

Often, classic car insurance also specifies requirements regarding the driving record of individuals who will be driving the car. Most policies require a fairly clean driving record and a minimum of ten years of driving experience.

Classic car insurance can be a great coverage option for those who value their automobiles more for its value as an item of historical significance rather than its intrinsic value as a vehicle. While classic car insurance typically places restrictions on vehicle usage, it is the only way to cover the value of the vehicle as a collector's item.