How Does Classic Car Insurance Differ From Regular Insurance?
If you own a vintage car, you may have found that classic car insurance is quite different from your ordinary car insurance. Most insurance companies won’t assign antique value to a car until it is at least twenty-five years old. After that, you can declare your car a “classic” and request special insurance treatment. You will likely receive a lower rate for your classic car, but there will be restrictions attached to the policy. For instance, you may be required to prove that you have another primary car for everyday driving and you may be limited to less than 2,500 miles a year for your classic car. Drivers may be restricted to those over twenty-one years old. The insurance may only provide coverage in certain driving circumstances, such as driving to a car show or in a parade, You may be required to garage the vehicle. Be sure you understand these restrictions before purchasing classic car insurance.
