6 Clarifications on Classic Car Insurance

6 Clarifications on Classic Car Insurance

| March 16, 2022
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What makes an automobile special and collectible, is in the details.   Is it a vintage, antique, or classic?  

Vintage Cars

Vintage can best be described as an old automobile from the period of 1919-1930.  This era was a time of transition - gone were the days of the horse and buggy; the auto was here to stay.  It became a practical to own one - comfort, safety, and convenience were beginning to take shape.  

Antique Cars

The term "antique" for an automobile can vary, particularly for collectors of antiques; however, the general definition is for an automobile over 45 years of age according to the Antique Automobile Club of America.  This era includes the Veteran, Brass, and Vintage era, and can include the beginning of the automobile up to the 1930s. Antique automobiles are considered very valuable, used in car shows, stored, and rarely driven.  

Classic Cars

To be deemed "classic," an automobile is usually 25 years to 40 years old, holds a historic collectible interest and is usually restored to its original former glory.  The 1965-1970 Cadillac Deville, 1983-1997 Land Rover Defender, 1979-1985 Mazda RX-7, 1966-1967 Pontiac GTO, and 1975-1993 Volvo 245 are examples of classic cars. 

No matter which you own or dream to own, these collectible automobiles are show pieces and require different insurance from your everyday mode of transportation. 

Get The Right Insurance Protection for Your Investment 

Comprehensive and collision are the most frequently purchased insurance coverage, as these vehicles are not often driven, but kept on exhibition or stored in a secure garage/location.  

Comprehensive provides protection for theft, fire, and vandalism up to a set limit, minus your deductible.  Deductible limits vary -- talk with your agent about options which best suits your situation and insurance needs.  This coverage is often used as the cars are stored in a garage or facility most of the time.

Collision coverage protects the classic car if it is involved in an accident with another car or an object, minus your deductible, up to a set limit.

If you drive your automobile on your property, on the highway, in a parade, or moving it during a show, include Liability coverage. This protection provides coverage for other people, property damage such as a fence, wall, or pole, in your car or in another vehicle your car collides with. It will cover up to a set limit for injuries and property damage.  Talk with your agent to determine the best value for your insurance dollar.

While in storage, some people remove liability and collision coverage (usually over the winter months), and then add the coverage back on when they are getting ready to get the car out. is required by most states to drive a car on a public highway. 

We Can Help! 

At Consultative Insurance Group, A Relation Company, we offer insurance protection for Classic, Antique, and Vintage cars, in addition to home insurance, auto insurance, life insurance, business insurance and much more!  Our knowledgeable insurance agents are licensed in AZ, FL, GA, IL, IN, ME, MI, NJ, NCOH, PA, SC, TX, UT, and WI; simply reach out to us today and we look forward to finding the insurance which best suits your needs, your lifestyle, and your insurance dollar.  

Resources: Wikipedia, Hagerty, Motor Authority

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