Since classic and antique vehicles are all so different, your insurance coverage will be specific to your vehicle and how often you plan to use it. There are many considerations while creating a policy to suit your classic car. Classic car insurance is critically important in protecting your latest investment. Whether you purchase a muscle car or an antique vehicle, you must be insured. Discover your insurance options today.
If you have purchased a classic or antique vehicle, you’ll also want to insure your investment properly. When insuring a classic car, you must consider how you will be using the vehicle:
- Will you only drive the vehicle to car shows or in a few parades? If so, your policy should be limited to those circumstances.
- Are you going to use your antique vehicle to go to the grocery store, hit the beach, or visit a relative? Then your policy should reflect this kind of use.
Coverage Inclusions
A typical classic car insurance policy includes the following:
- Agreed value coverage—This coverage pays for the car’s full-insured value with no depreciation in the event of a total loss, less your deductible.
- Inflation guard—This coverage is intended to compensate for how classic cars increase in value over time. The policy increases the vehicle’s value quarterly.
- Flexible usage—This coverage offers the ability to drive the vehicle up to 2,500 or 5,000 miles annually. It is not limited to “parades only.”
Additional Coverage Options
You can also purchase these additional coverage options for more specific protection:
- Emergency towing in case of a breakdown
- Roadside assistance for items such as a flat tire, dead battery, or running out of gas
- Emergency lockout
- Lost key return
- Emergency travel expenses in case your classic vehicle breaks down while away from home
- Car show expenses associated with missing a car show due to a breakdown
- Theft reward
- Reimbursement for items that are vandalized or stolen when reported to police
Live in the past while protecting your vehicle for the future! Contact SouthGroup Insurance Agency today to learn more about all of our insurance solutions for your automobile needs.
Disclaimer: This brochure is provided for informational purposes only. The information provided herein is not intended to be exhaustive, nor should it be construed as advice regarding coverage. Eligibility for coverage is not guaranteed and is limited to the terms and conditions contained in the applicable policy. © 2008, 2011, 2013, 2016 Zywave, Inc.