When Do You Need Classic Car Insurance Versus a Traditional Auto Policy?

If you’re a car enthusiast or collector, you may be wondering if you need classic car insurance or a traditional auto insurance policy. Understanding what classic car insurance covers is critical to protecting your investment. At Ed Thompson Insurance Agency, we’ll work with you to find a policy that suits your needs and lifestyle, whether you’re a collector or you just enjoy tuning up and riding in your classic car seasonally.

What Standard Auto Insurance Lacks

Traditional auto insurance is not always the way to go for those interested in high-value, classic, and collectible cars. Most often, here’s what standard insurance policies lack:

• They do not factor in the appreciation of classic cars over time.
• They may limit coverage for specialty or rare parts.
• They do not cover specialized repair shops.

When Classic Car Insurance Becomes Necessary

Classic car insurance is necessary if you own a vehicle with a collector or appreciating value. If you want to store your vehicle and you drive it sparingly, you may benefit from classic car insurance. Additionally, if you want to participate in local car shows while ensuring proper coverage for rare or specialty parts, classic auto insurance is critical.

Knowing what classic car insurance has to offer compared to traditional auto insurance is key if you collect or invest in high-value, classic vehicles. Even if you’re only a recreational collector, the right auto insurance can provide protection and peace of mind. To learn more about how classic auto insurance can come in handy for your way of life, contact Ed Thompson Insurance Agency for a quote and consultation.