5 Things You Need to Know about Classic Car Insurance (Part 1)

Posted by Steve White on Dec 24, 2012

Classic car insurance is a highly-specialized form of auto insurance. It is specially designed to meet the special insurance needs of people who own vintage, classic, or specialty automobiles. In order to get the best insurance coverage for your classic car, you need to be aware of certain criteria and considerations that apply to classic car insurance.

1) Type of Vehicle

To be eligible for classic car insurance, your vehicle has to fall under one of three categories, which are Veterans, Edwardian, and Limited. Veterans refer to cars that were built before or on December, 1904, whereas Edwardian cars are those that were created between January, 1905 and December, 1918. The Limited category consists of rare, limited edition, and special interest cars. Classic cars that were manufactured after 1918 can only qualify for classic car insurance if they are convertibles, 2-door sports cars, foreign sports cars, selected 4-door sedans, or cars with unique body shapes or big block V8 engines.

2) Minimum Age

Different states have different age requirements for determining whether or not a car is a classic. Most states set the minimum age at 15 years old, but other states may require a car to be at least 25 years old to qualify as a classic. Nonetheless, some collector car insurers may be willing to accept certain cars that are below 15 years old. These cars are either extremely rare, exotic, or cherished.

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