You’ve customized your ride, now it’s time to customize an insurance policy that will cover your antique or collector car with the care it deserves. In fact, proper coverage is the most important thing to have before you hit the road or attend your next car show or event.
Little known facts about insuring collectible and classic cars
Because the marketplace values classic and collectible cars differently, you will need a policy that provides different coverage than “regular use” drivers. Since classic and collectible cars often register as older or historic vehicles, they aren’t evaluated at their true market value according to standard insurance practices. So if you have an accident, you could end up paying the difference out of pocket on any repairs or replacements you’re not covered for, or if there’s a gap in your policy you didn’t know about.
We understand how much time and effort you put into your car. That’s why we have options for antique and classic cars, modified collector cars, reproductions, replicas, restorations and modern classic cars.
With classic and collectible car insurance, one size does NOT fit all
Classic and collectible car insurance is different than ordinary car insurance because it’s geared to cover the full collectible value of your car.
In the same way you’d customize your ride, you need a customized classic car policy, which takes into account the car’s collectible value, the miles you drive each year, and many other personalized adjustments.
But unlike standard auto insurance policies, you only pay for what you need because you won’t need full time coverage. So you’ll be surprised at how affordable complete coverage can be for average classic and collectible car owners like you.
How to qualify for classic and collectible car insurance
When we submit your application for insurance, your insurance carrier may require us to provide some or all of the information below:
- Usage: It is your car and you should feel free to drive it. We can tailor your policy to reflect your driving habits.
- Storage: Your collectible car should be stored inside in a secure locked garage or structure. The following storage facilities usually qualify: residential garage, barn, secure rental storage unit, and others. Let’s talk about yours!
- Regular-Use Vehicles: Since you don’t need to drive your “baby” every day, carriers will require that you maintain “regular use” insurance in your name on a daily driver vehicle. Customarily, motorcycles do not qualify as a daily driver nor does public transportation.
- Driver Eligibility: As with other forms of auto insurance, your driving history will be taken into account. Serious infractions within the last 5 years such as OUI, DUI, excessive speeding, driving recklessly or an alcohol citation could affect eligibility, but may not necessarily disqualify you. Minor traffic violations or accidents per household are generally acceptable as long as there’s not a frequency issue.
The Mt. Pleasant Agency – Central Insurance Difference
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for …
… While most insurance products are similar in price and function, insurance providers can vary when it comes to structuring a policy. So if you’re at all concerned for your financial well being, you should investigate what you are offered carefully, and consider a relationship with a reliable guide.
There’s no such thing as a one-size-fits-all insurance policy.
We’re your neighbors. We protect people we know and care about in, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
CALL 989-772-2977 now and let Mt. Pleasant Agency – Central Insurance help you forge the strongest shield possible to help you protect the things you care about most.