Owning a classic car is a lot of fun, but it’s important to make sure you’re taking care of the “business” side of it too; namely car insurance. If you’re not sure how to obtain insurance for your classic car, we’re here to help.
1. First, make sure you explain that your car is a classic. Older cars are insured differently than newer cars, but their value is depreciating. Your classic car is growing more valuable as the years go by, so you want to be sure you’re getting enough insurance to cover what you’ve invested.
2. Second, you should seriously think about unbundling your classic car insurance from your regular policy. If you unbundle, you’ll probably get a cheaper rate because your classic car isn’t something you use all the time. You can expect them to have a lot of questions about how often you drive it, how often it’s stored, etc.
3. Third, consider having your classic car insured with a company that specializes in classics.
4. Finally, make sure you have your car’s vintage status verified. Typically, cars that were made in 1979 or before qualify. You’ll pay much less for a car that’s a vintage classic, but it’s important to know this so you can be sure you’re getting the right amount of coverage.
If you’re interested in more classic car tips, be sure to check back right here at www.oldcaronline.com.
