What Does Classic Car Insurance Cover?

You love your classic car and have put a lot of time, money, and effort into restoring it and keeping it in tip-top shape for car shows and other events so you will want to ensure that it is properly protected. The insurance agents at Insurance Solutions Inc. in Cullman, AL  understand the importance of protecting your classic car or truck.

In Alabama, the same insurance requirements apply to your classic car as with other vehicles if you are driving it on the public roads and streets. This means you must have at least liability insurance in place in case an accident occurs when you are driving to a show or event in your classic car.

To be considered a classic car in the state of Alabama, your classic car must be at least 30 years old and must be operated as a collector’s item. This means you can only drive it on public roadways when you are participating in classic car club activities, exhibitions, tours, and parades. In other words, your classic car cannot be used for general transportation purposes.

Your classic car must also be distinctive. For example, your classic car should be listed as a vintage car, exotic or luxury vehicle, a vintage military vehicle, a muscle car, or a hot rod.

Since classic car insurance pertains to vehicles that will actually increase in value over time, unlike regular vehicles that depreciate in value over time, classic car insurance works a little differently. When you obtain insurance on your classic car it will cover property damage, liability, comprehensive, and collision insurance but the amount of insurance will be based upon an agreed value of your vehicle.

The classic car insurance agents at Insurance Solutions Inc. in Cullman, AL can assist you with all of your classic car insurance needs. Give them a call today to get your policy started.