Insuring a classic car is different from insuring a regular car, and it's important to use a company that specializes in classic car insurance. Two of the most well-known companies that offer this type of insurance are Hagerty and American Collectors.
Hagerty is a Michigan-based company that has been in the classic car insurance business for over 30 years. They offer a variety of coverage options, including agreed value, which guarantees that you will receive the full agreed upon value of your car in the event of a total loss. Hagerty also offers liability coverage, which is required by law, and optional coverage for things like spare parts and towing.
American Collectors is another company that specializes in classic car insurance. They offer a variety of coverage options, including liability, physical damage, and trip interruption coverage. One of the unique things about American Collectors is that they offer coverage for cars that are driven to events and shows, which is something that many regular insurance companies do not cover.
When choosing an insurance company for your classic car, it's important to do your research. Look for a company that has experience insuring classic cars and that offers coverage options that are specific to your needs. It's also important to read the fine print and understand exactly what is covered under your policy.
It's worth noting that many specialty classic car insurance companies generally require that you use your classic car infrequently (like for pleasure driving, only on weekends, or for exhibition/shows) and that it is well-maintained. If you plan on driving your classic car on a daily basis or use it as a means of transportation, it may be harder to find a classic car insurance policy that fits your needs.
When it comes to insuring your classic car, using a specialty company like Hagerty or American Collectors is the way to go. They understand the unique needs of classic car owners and offer coverage options that are tailored to those needs. With a specialty classic car insurance policy in place, you can enjoy your classic car with peace of mind knowing that it's protected.
One of the main benefits of using an independent agency like C. Pina Insurance Agency when insuring a classic car is that they have access to a wide variety of insurance carriers. Unlike a captive agent (who only sells products from one company), an independent agent can shop around to find the best coverage and rates for your specific needs.
An independent agency like C. Pina Insurance Agency can help you find a classic car insurance policy that fits your needs and budget. They can also help you understand the different coverage options available and explain the benefits and limitations of each.
Another benefit of using an independent agency is that they have the expertise to properly value your classic car. They can help you determine the agreed value of your car, which is the amount that you and the insurance company agree your car is worth in the event of a total loss. Having an agreed value can be beneficial in case of a total loss, you'll receive the full amount you agreed upon.
In addition, independent agencies can work with you to customize a package that includes endorsements such as extra coverage for vintage parts, events and shows, or even storage and transportation coverage.
Furthermore, an independent agency can also offer personalized customer service. They can answer your questions, help you file a claim, and provide ongoing support throughout the life of your policy.
