4 Car Insurance Coverage Tips for Classic Cars

If you are planning to restore a classic car, say, a 1958 Volkswagen Beetle or a 1982 Studebaker, getting it insured should be part of your to-do list. The good news is, these types of vehicles usually have lower insurance coverage since they will be seldom driven and there are lesser chances of damage or exposure to liability. Nevertheless, these tips can help you make the most of your car insurance:

  1. Know the value of your car.

By having a professional appraise your car’s value is important to know the real value of your car. With the expertise and experience of a qualified appraiser, you ensure all the details about your car in relation to how much coverage you will be getting.


  1. Inquire about inclusion of appreciation.

While everyday cars depreciate each year, it is possible for vintage or classic vehicles to increase in value. Before signing up for a car insurance policy, ask if there is an appreciation clause. It is also best to review the insurance contract yearly and have your vehicle appraised after two or three years to get the current value of your car and have the proper coverage adjusted.

  1. Do not forget to read the fine print.


While you might pay less for insuring your classic car, there are certain rules the insurance policy has for this classification which are different from the restrictions or rules on insured traditional vehicles. These can include mileage limitations in a year and the garage facility where the car will be stored.

  1. Ask about driving experience.


There are insurance companies that require at least five or six years of driving experience of the driver who will operate the vehicle and others that do not offer insurance coverage if the driver does not meet the age requirements.

Now that you already know the important aspects of classic car insurance, it’s time to start shopping around for the car you want to restore.

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