Insuring Your Classic Car

Insuring classic and specialty cars can be confusing for the first-time buyer, because how you cover the car depends on how you’re going to use it.

If you’ve never owned a classic before, you may not know the right questions to ask. But that’s why we are here.

Ask yourself if you would need any of these seven situations to be available from the company you insure your classic with:

  • Being able to use your own mechanic for repairs
  • Being insured for what you feel the car’s actually worth
  • Liability insurance when participating at club events
  • Coverage for damage incurred at car shows
  • Insurance coverage during restoration
  • Flexible premiums based on miles driven per year
  • Coverage for shipment to out-of-state or overseas events

If you answered yes to at least three of those situations, you may want to consider specialty insurance for your classic.

How it works

Fewer than half of the collector vehicles on the road today are insured by specialty programs. That can be a mistake, because most standard policies will not cover some of the risks that are unique to these vehicles.

Having said that, there could be qualifiers that need to be met for insurance through specialty programs, such as:

  • You must own and use a daily driver vehicle
  • The car may need to be a certain age, or older
  • You may need to be a certain age, or older
  • The car may only be driven 2,500 miles per year, or less
  • The car may only be driven for certain activities
  • The car may not be driven for commercial use

Terminology used with collector car insurers can be also be confusing, so don’t assume anything!

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The friendly staff at ROX Insurance can help with your insurance questions. Call 520-836-7660 or drop by our office at 442 W. Kortsen Rd. in Casa Grande.