Classic car insurance differs from standard auto insurance in how it views and protects older automobiles. While auto insurance focuses on keeping your car operational and safe on the road, classic car insurance prioritizes preserving the vehicle’s pristine condition off the road and maintaining its financial value. Both types of insurance offer protection, but they do so in different ways.
What Does Classic Car Insurance Offer That Auto Insurance Doesn’t?
Classic car insurance in Moberly, MO, is tailored for older vehicles, typically 20 years old or older. Unlike auto insurance, which treats all vehicles the same, classic car insurance recognizes the increasing value of older cars. Auto insurance depreciates vehicles over time, while classic car insurance appreciates their value. Premiums for classic car insurance are often inexpensive due to the car’s age and value. Additionally, the add-ons are as unique as the car itself. At Swartz Premier Group Insurance, we offer specialized options, including:
- Original parts coverage
- Restoration coverage
- Specialized roadside assistance
- Memorabilia/automobilia coverage
In contrast, auto insurance add-ons focus more on general driving needs and lack the specialization offered by classic car insurance.
What Does Classic Car Insurance Lack Compared to Auto Insurance?
Classic car insurance treats vehicles on its policies as secondary vehicles. These cars are typically driven less than 5,000 miles per year and must be stored in an enclosed indoor area. Securing classic car insurance can be challenging, as drivers must have a satisfactory driving record, and the car must be in good condition. Auto insurance does not have these restrictions, making it more accessible for everyday vehicles.
If you’re wondering whether your car qualifies for classic car insurance, an agent at Swartz Premier Group Insurance can help. We’ll search our list of carriers to find a policy that fits your vehicle. While some carriers have strict guidelines for what constitutes a classic car, others are more lenient. Not every policy requires your vehicle to be a collector’s item to qualify. There’s a classic car insurance policy for you. Contact us in Moberly, MO, for more information on classic car insurance.
