If you have an older car, you may be a good candidate for classic car insurance. Not all people know what classic car insurance is or how it can benefit them. If you’re interested in classic car insurance, the professionals at Kingston Insurance Agency LLC, servicing South Kingstown, RI, can help you decide. Here’s what you need to know about classic car insurance.
What Is Classic Car Insurance?
Classic car insurance is a type of insurance that covers classic or antique cars. This type of car insurance is helpful if you collect or restore antique or classic cars. Insurance companies often have different rules about classic car insurance, but it’s common for insurance companies to limit how much you can drive your classic vehicle. Some insurance companies may require you to prove that you have a different primary vehicle and insurance for that vehicle.
Why Get Classic Car Insurance?
Insurance companies consider age and depreciation when they value a standard vehicle. Older cars that have been well-restored are usually worth more than the insurance company would normally pay for a standard vehicle. Obtaining classic car insurance allows car owners to secure additional coverage for their vehicle, often with an agreed-upon value determined by you and the insurance company. A more accurate valuation of a classic vehicle provides greater protection in the event of a covered loss.
What’s Considered a Classic Car?
There is no one standard definition of a classic car. Many insurance companies define a classic car as one that is 25 or 30 years old or older, but some limited-edition cars may qualify as classics before reaching this age.
If you have an older or collectible car that needs protection, contact Kingston Insurance Agency LLC, servicing South Kingstown, RI. We have many insurance carrier partners and can shop around to help you find a classic car insurance policy as unique as your vehicle.
