Car Insurance Quotes

Classic cars require a special type of insurance usually referred to as classic car insurance by the industry. This specific type of coverage will give you special protections not available in standard car insurance. However, classic car insurance providers have certain qualifying factors before a policy for your vehicle can be underwritten.

In most cases, a classic car, as defined by the insurance industry is one that is more than 15 years old. Some states have a wider definition of 25 years, so a check with your department of motor vehicles would be a first step to determining if your vehicle qualifies as a classic.

The insurance companies have stricter requirements on classic car insurance than they do on regular vehicle coverage. In addition to the age of the vehicle, insurance companies will require several other conditions to be met. The age of the driver, his driving record (with a minimum of years driving), storage of the car, and limits on annual mileage are all additional stipulations. As part of your classic car insurance, the company will also stipulate an ‘agree-upon’ value.

Most states allow the insurer and owner of a classic car to decide on an agreeable value of the car. The insurance company and you will set a value on the classic car that will become part of the policy. In case of total loss, this is the amount the insurance company would pay as value of the classic car. This protects you from receiving a nominal amount as in the case of a regular policy which will use fair market value to pay for total loss.

In regards to the age and experience of a driver, most companies will require a driver be at least 25 years old and have a minimum number of years driving. Of course, an insurance company will also check your driving record prior to issuing a classic car insurance policy.

In addition to the age and experience of the driver/owner, a mileage limit will be assessed on the classic car. Insurance providers vary on this limit, some allow up to 5,000 miles per year while others may permit more. There are also options to select less miles (as low as 1000) which will reduce your premium amount. In many cases the insurer will not restrict your use of the car to drive to car clubs, classic car events or car shows, they will restrict your use for commercial purposes or daily commuting.

Finding suitable classic car insurance is best handled by using a company that specializes in such insurance. Generally you will receive a better rate and the company will have a better understanding of your needs as well.