Whether you’ve put the time, effort, and money into restoring a classic car or have purchased a showpiece in pristine condition, protecting it should be a top priority. Classic cars require unique coverage that ensures you’re properly reimbursed for damage or theft. Here’s what you should know when determining which car insurance policy to buy for your vintage automobile.

A Classic Car Owner’s Guide to Insurance

Standard Auto Insurance vs. Classic Car Insurance 

When you make a claim for damage to a conventional auto, insurers pay the claim according to the vehicle’s cash value—that is, its replacement cost—minus depreciation. On the other hand, many classic car insurance policies pay an agreed-to amount predetermined by you and your provider. Unlike modern vehicles, classic cars typically increase in value, not depreciate. Standard policies, also, aren’t designed to cover the replacement parts a classic car may need. You can purchase special-events coverage for a classic car as an extra layer of protection if you attend auto shows, exhibitions, or collector club outings. 

What Defines a Classic Car?

Before deciding what kind of insurance your vehicle requires, establish its status. Insurers define the criteria by which a a car is judged as classic. For example, a classic car typically has to be between 10 and 24 years old and in its original design condition. In addition, to qualify as a classic car, a car may be driven only on a limited basis and must be stored in a secure and enclosed facility when not in use.

If you’re looking for high-quality classic car insurance, turn to A.W. Adams Insurance for help in securing the coverage you need. They understand that not all vehicles have the same coverage demands and will assist you in comparing policy and pricing options. Based in Clayton, GA, they’ve been providing residents of Tiger, Wiley, Tallulah Falls, Sky Valley, Lakemont, Lake Burton, and Lake Rabun with reliable products and personalized customer service since 1965. Call (706) 782-5100 to request a free quote, or visit their website to see a list of insurance solutions they offer.