Classic cars are an investment, and in St. Augustine, FL you aren’t going to be driving your classic car throughout the city. Whether you need to run errands or for a daily commute, insurance can still protect your investment that you have spent a lot of time on. Policies will depend on the age of the vehicle, miles driven, and any vehicle modifications. An agent at Tim Huber Insurance can help you determine if you qualify.
In order for classic cars to qualify for insurance, they must fit into three categories. Cars that are produced before 1974 qualify for classic status and can be convertibles; foreign sports cars or 2-door sports cars and certain 4-door sedans can qualify.
- Classic car insurance differs from regular auto insurance because the value for the car, should anything happen to it, is agreed upon between you and the insurance company. The worth of the car will be judged on appraisals and research conducted by an underwriter. Unlike traditional cars that depreciate in value, classic cars can go up in value when they are well cared for, so different coverage is required.
- There are strict requirements for how classic cars are stored. You can’t have your classic car just parked outside your home, and it will need to be in a storage area that is designed to protect the car.
- You can’t use your classic car as your primary vehicle. There is usually a cap on the number of miles that can be driven per year on the car so you won’t be able to use it as your primary car anyway.
- You can add other options to classic car insurance, like no attendance required, which will provide coverage for your car while it is not in your care. If your car will be displayed at a car show, this is a good option.
Because the rules of classic cars can vary, contact an agent at Tim Huber Insurance, serving the Jacksonville and St. Augustine, FL area, to find a policy for your vehicle.