Classic Car Insurance FAQs

If you own a 1956 Chevrolet Bel Air or a 1968 Chevrolet Camaro, you may need classic car insurance from Tim Huber Insurance of St. Augustine, FL. But since classic car insurance differs from standard auto insurance, most collectors’ car enthusiasts aren’t so sure about this coverage. Today, we have created a FAQs section to respond to questions we receive from our clients. But if your question isn’t still covered, don’t hesitate to get in touch with us.

Is my car eligible?

Your daily drive car isn’t eligible for classic car insurance. Besides, your vehicle needs to be at least 25 years and above to qualify for classic car insurance.

What is the agreed value, and why does it matter?

The insured value of most standard vehicles is actual cash value — here, your insurer determines the value of your car at the time of loss. However, things are a bit different in classic cars. You and your insurer pre-agree with the value of your car in the event it’s totaled. This way, you get the actual value of your car, which is a good thing because antique cars’ value appreciates or remains constant.

Is classic car insurance expensive?

You will be surprised that classic car insurance is significantly cheaper compared to standard auto insurance. Since you don’t drive your car every day, the risk of your exotic vehicle is considered minimal, making the premiums affordable.

What are the different classic car insurance coverages?

Most coverage options for your classic car insurance are similar to those of your standard auto insurance. Here are some examples of classic car insurance:

  • Comprehensive and collision coverages
  • Liability coverage
  • Medical payments (MedPay)
  • Uninsured/underinsured motorist coverage
  • Original replacement coverage
  • Roadside assistance

Protect your pride and joy in St. Augustine, FL

Since your classic car is more than a vehicle, you need the right insurance coverage to protect your investment. To get classic car insurance, please get in touch with Tim Huber Insurance.