How Much Is Insurance On An Antique Car

Classic auto insurance rates are on average 36 less than standard auto rates Your classic isnt just a car.

How much is insurance on an antique car. With a little bit of care some knowledge and some shopping around to get a good quote its easily possible to insure a valuable collector car for around half the cost of a new car. This could be anywhere from 10000 to 100000 or more its all dependent on what your classic car is worth as determined by an appraiser. They know for example that real antique vehicles should always be insured at a negotiated agreed value rate as opposed to the actual cash or stated value.

Full coverage classic car insurance is about 50 a month. Theyve been in the business for a long time and understand the special requirements of antique car owners. The book value of an ordinary car goes down every year and so does the total amount the insurance company will pay if its damaged.

The answer is not very much. Call 866 344-2527 to review your policy with a. Mon - Fri 800 AM - 900 PM ET OR.

Full Agreed Value Guaranteed No Deductible in Most States Full Comprehensive and Collision Liability With Limits Up To 1000000 UninsuredUnderinsured Motorist State Required PIP As Medical Benefits Inflation Guard Value Protection Spare Parts Inventory Coverage up to 500 Trip Interruption up to 600 Towing and Labor up to 250 Automatic Coverage on Newly Acquired Vehicles Uninterrupted Coverage During Repairs when your car. Well-maintained classic cars on the other hand hold their value and often appreciate in price. We understand your classic car.

In an agreed value policy you and your insurer agree on the value of the car you own and thats how much its insured for. To be considered for classic car insurance your car must be used on a limited basis mostly for exhibitions car. If your car is more than 25 years old and has historical interest due to its make or model it is considered an antique automobile.

Manage your policy online or call American Modern at 866 760-4166. The typical savings for collector car insurance rates can be anywhere from one-third to one-half of the insurance rate for the family auto she adds. If youre looking to buy a classic car you can expect to pay much less than 53 million but youll still need to research the market thoroughly.