Buying classic car insurance can be a confusing process. It’s no wonder, considering the many options available for coverage and the different companies in the market. But if you know what you’re looking for, it will make your search much easier to find it! In this blog post, we’ll break down some of the basics that potential policyholders need to know when considering purchasing a new or used vehicle.
What is classic car insurance and who needs it?
Classic car insurance is a form of specialty auto coverage. It’s designed specifically for classic cars, which are those that have been built more than 25 years ago and hold historical or cultural significance. In some cases, classic car owners may not need additional coverage because they already have the proper insuring through their automobile insurance policy. If you’re unsure whether vintage car insurance is necessary for your classic vehicle, contact us at Oyer, Macoviak and Associates to discuss the best options available.
What are some common coverage types of classic auto policies?
There are two primary forms that classic car insurance can take on: physical damage and comprehensive. Physical damage means that if you get into an accident, there’s coverage for the cost to repair or replace your classic car. Comprehensive, on the other hand, covers you for items that aren’t related to collisions like vandalism and theft.
What are some common rates associated with classic auto policies?
Pricing can vary depending on several factors including where you live (i.e., certain regions may have higher classic car theft rates than others) and how old your classic vehicle is. Other considerations can also impact costs, such as the year you purchased it or if any modifications have been made to it since its original build date.
Do I need classic auto insurance?
The short answer: yes! While having vintage car insurance isn’t required by law (depends on your state insurance guidelines), it’s the only way to protect yourself financially if your classic car is ever involved in an accident or stolen. If you’re uncertain about whether vintage car insurance is right for you and want feedback from a classic auto specialist, contact Oyer, Macoviak and Associates today!
How can I save money on my classic policy?
Most states don’t require classic car owners to have classic automobile insurance, but it’s highly recommended due to the risks involved. However, you can save money on classic auto insurance by doing your research and making sure that any modifications made are within industry standards (i.e., no “hot rods”). Other ways to lower costs include raising deductibles or opting for a policy with a lower total value.
For classic car owners who are looking to be proactive about their coverage, classic auto insurance can act as a way of protecting your vehicle against the unknown. If you’re ready to buy classic car or classic motorcycle insurance for your classic ride, contact us here at Safeco Insurance today!
Are there any other considerations I should be aware of?
There are several other things classic car insurance policyholders should be aware of when searching for the right plan. Some considerations include:
– Look at adding classic motorcycle coverage if your classic vehicle is also vintage (i.e., built in 1985 or earlier).
– If you own several classic vehicles, make sure your vintage car insurance policy is adjusted accordingly.
– If your classic vehicle is a hot rod, it may not be covered under classic auto insurance plans.
– Do your research – classic auto insurance policies vary by state.
How can I get classic car coverage?
If you’re interested in classic car or classic motorcycle insurance, contact us here at Oyer, Macoviak and Associates to discuss the best options available for your needs! We offer free quotes on classic plans and are happy to help you find the right one for your classic vehicle.
If you want to discuss options for classic car insurance, please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!