Can you get full coverage on a classic car?
The book value of an ordinary car goes down every year, and so does the total amount the insurance company will pay if it’s damaged.
The special, classic car insurance that you should look for will do that, and also includes standard liability, collision and comprehensive coverage..
Why is classic car insurance so cheap?
Part of the reason that classic insurance is usually cheaper than a standard policy is because most insurers attach strict conditions to cover, which lower the risk of accidents and damage. … The less you drive, the lower your risk – this means lower premiums.
What is considered a classic car for insurance?
Classic car: A vehicle 10 to 24 years old that has historic interest (e.g., a hot rod or muscle car). Antique car: A vehicle 25 or more years old that has historic interest. If a “classic car” is more than 25 years old, it’s considered an antique car for insurance purposes.
Is it expensive to insure a classic car?
Classic auto insurance is considered a specialty insurance product and, in general, classic cars tend to be more expensive to buy coverage for than regular car insurance policies, although that is not always the case. … To compare classic car insurance rates right now, just put in your ZIP code at the top of this page.