Your dream car might be brand-new, but for many, it’s a classic from the early days of automotive. Model Ts or an old school Packard prove popular to some. Others prefer a 1950s roadster or 1960s muscle car. These vehicles, known as antique or classic cars, require classic car insurance. Sound Choice Insurance Agency Inc of Lynnwood, WA wants you to understand the special requirements of this necessary auto insurance policy.
This insurance type covers vehicles built 30 years ago or more. Since their owners tend to not use these cars for regular use, the policies to cover them cover limited mileage and other conditions.
- Driving the vehicle: The owner is covered to drive the collectible car to car shows, in parades and other special, limited uses. Policies limit annual mileage to 1,000 to 5,000 miles.
- Storing the vehicle: These policies require the owner to store the classic car in a fully enclosed, locked garage.
- Value of the vehicle: Ask which type of coverage you’re buying. An agreed-value policy pays the full amount on the policy if the car gets totaled, less deductible. A stated value policy interprets the vehicle value at the time of the accident/claim.
- Condition of the vehicle: It is easier to insure a classic car in excellent condition than one in good or poor condition. You can still get insurance while restoring an older vehicle.
Get the classic car coverage your vehicle needs. Call or visit Sound Choice Insurance Agency Inc of Lynnwood, WA to learn more and find the right classic car policy for your vehicle. We can help you obtain the coverage you need.