Classic car insurance is auto insurance designed specifically for older/classic cars. Drivers interested in classic auto insurance must first understand what makes a car eligible for classic car status. What a classic car insurance company deems as "classic" will vary from company to company. However, classic car insurance is designed to protect antique or classic cars like conventional auto insurance. However, there are differences between conventional and classic insurance. Our Neff & Associates Insurance Services Inc. team is committed to eliminating any confusion for our Pismo Beach, CA residents.
What Makes a Car "Classic"?
Classic cars are typically 25-plus years old. However, the definition of a classic car can vary from one insurance company to the next. Also, classic cars tend to be restored, of historical interest, or collectibles. Typically, a classic car is at least twenty years old but less than forty years old and is also kept to its original design and specifications.
How Does Classic Car Insurance Differ from Conventional Car Insurance?
Modern cars are insured based on their real/true cash value, which depreciates when you buy a car and drive it off the lot. Conversely, classic car insurance is insured based on an agreed-upon cash value. The owner and the insurance company agree on the value of the insured car. Another difference between classic and conventional car insurance is the cost. Classic car insurance tends to be cheaper than conventional insurance because classic cars are typically NOT daily drivers. Classic car insurance companies normally put restrictions or limits on how much you can drive a classic car. Our team at Neff & Associates Insurance Services Inc. is standing by to answer any questions our Pismo Beach, CA residents may have. Give us a call.