Classic Car Insurance

Are you a classic car collector? At Douglas & Associates, we know that it takes more than age to make a vehicle truly classic. When you buy a classic car, you’re not just looking for something to get to and from in; you’re seeking an investment that will appreciate with time, and it’s important that you have the appropriate policy to accommodate the coverage classic vehicles need.

Here are some features you should look for when shopping for classic car insurance:

• Agreed Value means that your provider will pay the full amount that was agreed upon between you and the insurance company in the event of a covered loss. The more affordable option but less valued coverage is stated value, as this type of valuing has no relation to the market pricing of the car. Actual cash value is also not preferable, as this will be focusing on the physical depreciation of the vehicle, rather than what your classic car may actually be worth.

• Low Rates are offered to classic cars as they are typically driven far less than standard vehicles. This is not to say you shouldn’t be proudly driving your classic car, but it should is advised that collector cars be driven no more than 5,000 miles annually to maintain their value.

• Coverage Options can vary with every vehicle and collector needs, so it’s best to discuss all of this with your agent to find out what best suits your lifestyle.

• Roadside Assistance is a simple but essential additional coverage for classic car owners, since owning classic vehicles can have a greater risk of breaking down.

Talk with us today to identify what coverage best suits that prized Mustang or Camaro of yours.