5 Things You Need to Know about Classic Car Insurance (Part 2)

Posted by Steve White on Dec 26, 2012

3) Age and Background of Driver

Another thing that you need to know is that classic car insurance coverage is only offered to people who have attained the age of majority. Also, insurance providers will evaluate the driving experience and history of the drivers who will be using your car when they are reviewing your application.

4) Car Usage

If you use your classic car frequently, there is a higher chance that it will be damaged. Insurance companies try to reduce the number of insurance claims they receive by limiting vehicle usage, and most of them will not provide coverage for classic cars that are used as primary vehicles. Even if you have an extremely rare car, you may not qualify for classic car insurance if you use it on a daily basis. Classic car insurance policies can have a mileage limit of 2,000 to 10,000 miles a year.

5) Storage Requirements

Classic auto insurance companies also have strict requirements for storing classic cars. To qualify for classic car insurance, you have to assure your insurer that you will not park your car outside your home and you will store it in a designated and secure garage. Most insurance providers encourage classic car owners to store their cars in facilities that are specially designed for storing collector cars.

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