Owning a collector car is very different from owning a vehicle that you use to commute to work and run errands. If you have a collector car, you’ll need insurance that fits your specific needs. A classic car insurance company can provide the right type of coverage at affordable rates.

Differences between Classic Car Insurance and Standard Auto Insurance

Owners of collector cars typically improve and customize their vehicles. For instance, they might install safety features that weren’t available when a vehicle was produced, upgrade the engine or transmission, or add features such as air conditioning that make the driving experience more comfortable and enjoyable.

Those kinds of upgrades can affect a vehicle’s value, but different types of insurance policies will treat those improvements in different ways. If you have a classic car insurance policy, you and the insurance company will agree on its value, taking into consideration any enhancements you have made. If you later get involved in an accident and the car is totaled, you’ll receive the vehicle’s agreed-upon value.

If you have a standard auto insurance policy and the car is totaled, the insurer will determine its value after the accident. It will most likely only consider the equipment that was originally installed, not any upgrades you have made. The amount that you receive might be much less than the sum you would get with a classic car insurance policy.

Classic car insurance can be more affordable than a standard auto insurance policy. A collector car is a prized possession that’s driven infrequently. That means there’s less risk of an accident, so premiums are generally lower than they would be with a typical auto insurance policy.

Get a Quote for Classic Car Insurance

Petruzelo makes the process of finding insurance coverage as simple as possible, whether you need a policy to cover a classic car or a standard auto insurance policy. The first thing we’ll have to do is figure out if your vehicle is, in fact, a classic car. Many people mistakenly believe that any older vehicle qualifies as a classic car, but, in fact, a classic car must meet specific criteria in terms of age or limited production.

If you own a classic car, you’ll need to have the vehicle appraised to determine its value. Then we’ll find you a policy that provides the level of coverage you need at rates that fit your budget. Contact us today to learn more.