How Classic Car Insurance Differs from Regular Car Insurance

Car insurance, a legal requirement in many states, including New York, assures coverage for repairs and medical bills in the event of an accident. If you have a vehicle—a classic car, perhaps—that doesn’t see regular use, it still might be valuable enough to necessitate insurance, but not exactly your regular type of car insurance.

Distinguishing a Car as Classic

It’s not just the age—usually more than ten years—that renders a car classic. A classic car cannot be used daily and should be stored appropriately. Eligibility for coverage may require a reasonably clean driving record. Traditional car insurance protects against damage and theft up to its actual cash value. Classic cars may appreciate in value, but they are protected based on the agreed value. Given the difficulty of finding specific parts for classic cars, their insurance may cover the cost of original parts. Keep in mind that classic cars are rarely driven—usually only to car shows or on small weekend cruises. Insurers may require that classic cars be stored in a secure location such as a garage or barn.

Classic Car Quotes in Elmira, NY

If you own a classic car that you want insured and live in the Elmira, NY, area, please contact Stewart Agency Inc. Our friendly and knowledgeable agents will go above and beyond to help you find the insurance policy that best suits your unique needs.