Collectible Car Insurance
Finding the right insurance for your classic car is much different than finding an auto insurance policy for your daily driver. Since classic cars are not driven as much, and are sometimes involved in car shows, it is important to make sure that you know how to properly protect your collectible car.
There are many differences in the amount and type of coverage that is provided by a classic car insurance policy versus a typical auto insurance policy. Some of the major differences include:
- Car show coverage – if you want to leave your classic car sitting at a car show while you walk around to look at all the other vehicles, a typical auto insurance policy will probably not provide any protection. However, a classic car insurance policy will provide the protection needed to ensure that you can enjoy the show worry free.
- Replacement parts – if your classic car is damaged and requires unique parts to be fixes, an auto insurance policy will probably not provide any coverage. Luckily, a classic car insurance policy can cover the cost to find and replace the unique parts that you need to get back on the road.
- Agreed value – auto insurance policies will not provide coverage for the agreed value of the car since it is much easier to determine the value of a newer car. A classic car insurance policy will provide a payout for the agreed value of your car if it is a total loss, minus your deductible.
To ensure that your collectible car is properly protected, contact the insurance professionals at North Central Insurance in Elk River, Minnesota for all of your classic/antique car insurance. We will work with you to ensure that you have the right amount of coverage, all at the right price to fit your budget.