Classic car insurance is often misunderstood. Although it has many of the same benefits as traditional car insurance, there are specific differences. However, each insurance agency defines its own eligibility requirements for classic car insurance. Also, it should be noted that not all old cars are eligible for classic car insurance. Our Giles & Iten Insurance team is invested in helping Surprise, AZ drivers understand classic car insurance.

What is classic car insurance?

Classic car insurance is designed for cars between 20 and 45 years old. Like conventional car insurance, classic car insurance provides liability, comprehensive, and collision coverage. However, classic car insurance provides other forms of specialized coverage as well. The car owner and the insurance company determine the value of a classic car. If anything happens to the car, the agreed-upon value of the vehicle that the owner is given. Typically, classic cars must be kept near the original condition with the original specs. However, the individual insurance company determines whether a vehicle meets the insurance company’s eligibility requirements. Also, classic cars aren’t driven full-time. They are typically driven as a second car. Some car models are more likely to be considered classic as well.

I have an old beat-up Chevy Nova. Am I eligible for classic car insurance?

A car’s age is just one of the determining factors when it comes to classic car insurance eligibility. If your vehicle is in poor condition, a classic car insurance company may likely find it ineligible for classic car insurance. Also, some car models receive the classic stamp more often than others. Also, if your older car is being driven as your primary form of transportation, it wouldn’t fall into the classic car category. If you have more questions about classic car insurance, call us. We’d be happy to explain how classic car insurance works.