Choosing the Right Coverage for Your Classic Car

Classic Car Insurance 101

No matter if you rebuilt your classic car with your own hands or bought a perfectly restored model, having the right antique car insurance policy is the best way to ensure that you and your car stay safe. Owning a classic car is like owning a piece of history, not just owning another vehicle, which is why it is important to invest in the right policy that will provide the right coverage.

The major difference between an antique car insurance policy and typical auto insurance policies is the agreed value aspect. While most cars decrease in value as they age, many classic cars can actually increase in value. Due to this, when you are looking for the right antique car insurance policy, you will come up with an agreed value with your insurance agent. If your antique car is a complete loss, you will receive a payout of the agreed upon value. All you will have to pay is the deductible of your policy.

While the cost of your antique car insurance policy depends on many different factors, there are many discounts that are available that can help you save money. Some of the most common discounts for your classic car include:

  • Accident prevention courses – if you successfully complete an accident prevention course, you can receive a discount on your insurance, while knowing that you are safer on the road.
  • Anti-theft devices – while most classic cars did not come with any anti-theft devices when they rolled out of the factory, there are many after-market devices that are available. Installing an after-market anti-theft device can help you save on your premiums.

For all of your antique car coverage needs to ensure that you have the right amount of protection, contact the insurance professionals at DG&M Agency in Rochester, New York.