Classic Car Insurance

Classic cars and antique cars are unique vehicles. Like traditional cars, they are vulnerable to various unforeseen accidents, so insurance is essential. Classic car insurance can reduce out-of-pocket costs you may have to pay following a covered accident. Selecting a policy can be challenging, so knowing what’s included in your coverage is crucial.

What Does Classic Car Insurance Cover?

Classic car insurance is a specialized coverage that varies among policyholders. However, like most standard auto insurance policies, common coverage options included in classic car insurance may include the following:

• Collision coverage
• Liability insurance
• Comprehensive coverage
• Uninsured/underinsured motorist coverage
• Policies may be tailored to include additional coverage options, such as spare parts coverage. The agents at DRD Insurance Agency can help you learn more about tailoring your policy to fit your preferred options.

How Much Does Classic Car Insurance Cost?

Classic car insurance rates tend to vary considerably among policyholders. The primary difference between standard auto and classic car insurance is agreed value coverage. Based on an appraisal, you and your insurer must agree on the value of your classic or antique car, which can determine your classic car coverage rate.

Additionally, your vehicle model, usage and insurance claims history may be factors used by your insurance provider to determine how much a policy costs. A classic or antique car owner with a clean driving record and no insurance claims will commonly pay less for coverage than someone who does not have a clean driving record and has filed several claims.

What Qualifies a Car as Classic?

Classic car insurance is tailored for cars that are not regularly used and often have a high value. Cars may qualify as classics or antiques in the following cases:

• At least 25 years old
• Exotic or muscle cars
• Modified
• Race cars

Your car will likely not qualify for classic car insurance if you use it for daily commuting and activities. Additionally, it may need to be in good condition and parked in a secure garage or storage facility. The DRD Insurance agents can help you learn about classic car insurance requirements and eligibility.

Learn More About Coverage

If you are a classic car owner near La Habra, California, the dedicated and experienced agents at DRD Insurance Agency can assist you in learning more about classic car insurance coverage options to help you decide on the right policy for you and your vehicle.

Contact our agency today at 562-691-0867 for additional information.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.