Even in states where coverage isn’t required, drivers must, by law, be able to pay for losses they cause others. Having car insurance is the simplest way for most people to comply.
Collision coverage pays for damage caused to your vehicle in an automobile accident, when you are “at fault.” Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually also comes with a deductible. It’s the amount of money you pay toward repairs before your collision insurance kicks in. The higher a deductible you’re willing to pay, the less the collision coverage will cost.
Comprehensive coverage is very similar to collision coverage – the main difference is that comprehensive covers damage caused to your vehicle caused by any unknown party or “act of God.” Vandalism, flood, hurricane, theft, windshield damage and fire are all events usually covered by comprehensive coverage. Like collision, comprehensive will pay up to the fair market value of your car (minus your deductible.). Though it’s not legally required by any state, you will probably need it if your car is financed.
Your classic car or antique automobile needs special protection. Whether you inherited it, bought it at an auction, or rebuilt your perfect dream car, your classic car deserves to be protected properly.
Classic or collectible cars in general must be over 26 years old and restored to operating condition. Classic and antique cars qualify for special rates and coverages. Most “general car insurance” carriers won’t (and truly can’t) properly insure your dream car.
As an independent agent we work with many antique car, collector car, and specialty car carriers to find the right fit for you and your investment.
They, along with our local experience, specialize in knowing how to insure your collector car. More importantly, they know how to adjust and pay claims quickly for your classic auto.