Classic and antique cars can be quite a joy to own. Some might even call owning classic cars a passion. These cars also happen to be major investments of time, money, and love.
We know New Jersey and have served the community well for more than 50 years. During these 50 years we have offered coverage for all kinds of passions, from classic or antique cars to boats, homes, motorcycles, and so much more. We believe that one of the most important ways we serve our community is by an independent professional insurance agent that delivers personal service every single time.
Classic Car Insurance vs. Standard Auto Insurance – What’s the Difference?
The difference between standard auto insurance and classic and antique car insurance is quite significant. Traditional auto insurance coverage values cars according to their age and not, necessarily, their condition. That’s why it is so important to look for auto insurance specifically designed for antique and classic cars to protect your investment.
Classic and antique car insurance takes into account the amount of money invested in the act of restoring the car to its former glory. You’re able to purchase insurance coverage for that investment. At the same time, you cannot use this work of art as your primary vehicle. It’s a “Sunday drive” sort of car and not one you’d take to work every day. Most insurance policies impose mileage limits on autos they insure as classic or antique cars.
What Qualifies as Classic Cars
Classic cars are cars that are considered rare and ten or more years old. Antique cars are 25 or more years in age. Of course, these cars fall under many names or titles depending on their owners. Some may include:
- Antique Cars
- Antique Trucks
- Exotic Cars
- High-Quality Classic Car Replicas
- Hot Rods
- Low Riders
- Muscle Cars
- Street Rods
- Vintage Vehicles
Some modern classic cars, race cars, and cars in the process of being restored also qualify as classic cars and need the more specialized auto insurance coverage as well.
Types of Coverage for Classic and/or Antique Cars
One of the most important types of coverage to purchase for your classic or antique care is the agreed value coverage. This coverage assigns a cash value to the car that is agreed upon by you and the insurance company.
If something does happen to the vehicle, this is considered to be the full amount of coverage for the vehicle and depreciation does not factor into the payout. Some policies for classic and antique vehicles do not even have deductibles to take into account.
Classic and Antique Car Insurance Exclusions
Some cars simply do not qualify as classic or antique in the eyes of insurance companies. It’s important to know the difference. Cars that are used for camping and/or off-roading do not qualify as antique autos. Also, car kits that you build yourself that do not resemble antique or collector cars do not qualify.
Why Let Us Handle Your Classic and Antique Car Insurance Needs?
You’ve poured a lot of heart, soul, time, talent, and money into your classic car. You’ve gotten expert advice and assistance when needed along the way. That’s what we have to offer you – expert assistance when it comes to selecting the right insurance plan at the right rates to meet your classic car needs.
In addition to our package policy discounts, we offer free online rate quotes (which we can provide through our use of multiple top-notch insurance carriers) so you can get the best of both worlds – affordable rates on a product you need without worries of cheap cut-rate insurance services that are not nearly as inexpensive as they claim to be when all is factored in.
CALL TODAY AND SEE FOR YOURSELF WHAT A DIFFERENCE IT MAKES TO DEAL WITH PROFESSIONAL AGENTS COMMITTED TO DELIVERING PERSONAL SERVICE FOR YOUR CLASSIC AND ANTIQUE AUTO COVERAGE NEEDS!