If you own a classic or vintage car, regular auto insurance isn't sufficient to protect your investment. A typical policy doesn't account for the special value of these collector's items. Instead, you need a classic car policy. Below is more information that you should know about this type of coverage.

Getting Classic Car Coverage 

Classic Car Criteria

In general, classic car policies are for vehicles over 25 years old. They're for cars whose prices are higher now than they were when the original value. They're also necessary if your car needs custom or specialty parts for repairs.

The Difference From Standard Auto Insurance

A classic car insurance policy accounts for the car's increasing value over time, rather than decreasing like most cars. If the vehicle suffers damage, these policies cover the agreed value—a figure that you and the insurance company think reflects the price of replacing the vehicle—rather than the "actual cash value" that other auto policies use. Classic car coverage reflects the fact that the car will keep getting more valuable, and the amount they'll cover increases over time. At the same time, liability coverage is usually lower.

Conditions

Insurers assume you're going to treat your classic car differently from an everyday vehicle. There may be limitations on when, where, and how far you can drive it; they likely won't want you to use it for your daily commute. Many insurers will require proof that you have another car for daily use. They'll also want you to store it safely and maintain it correctly to avoid deterioration.

Getting the Best Quote

When you get a quote for classic car coverage, bring documentation about the make, model, condition, and value of the car. Also, have your license, information about storage conditions, and how you drive it. You can get better prices if you can lower the risk to the vehicle. This includes a safe driving record, driving courses, anti-theft devices, and proof of a car club membership. You can also get a better price by bundling your coverage with other insurance policies from the same provider.

For insurance on your classic car, choose Stautberg Financial Group in Cincinnati, OH. Serving the Tri-State Area, this family-owned business has 45 years of history. They strive to provide honest service and affordable prices for their wide range of policies, working with providers such as Progressive®, Safeco®, Anthem®, and Westfield®. To get started, call (513) 821-6300. Visit the website for more information about their products.