What makes a car eligible for classic car insurance?

Florida residents interested in classic insurance should familiarize themselves with Florida’s eligibility requirements for classic car insurance. Typically, a car is considered classic if it’s at least twenty years old. However, the requirements and even the age of a car are subject to the insurance company’s requirements offering classic car insurance. Our team at Tim Huber Insurance understands that the ABCs of classic car insurance may not be clear to many St. Augustine, FL residents. This is why we’re committed to creating clarity when it comes to understanding what classic car insurance is and who’s eligible for it. 

What’s the Definition of a Classic Car?

Truthfully, how a classic car is defined can vary from insurance company to insurance company. However, some generalizations tend to be true across the board. Most cars are classified as classic depending on age, use, and how they are kept. Classic cars are typically at least 15-20 years old, maintained in mint condition, and driven less than 5,000 miles annually. Classic cars aren’t daily drivers. However, the insurance information institute defines a classic car as a car that’s 25-30 years old, and most Florida insurance companies define a classic car as thirty-plus years old.

What is Classic Car Insurance, and Who’s Eligible?

Classic car insurance is designed to meet the needs of classic car owners. This type of insurance is typically cheaper than conventional car insurance because classic cars are generally second cars and are not driven daily. This type of car insurance is designed to protect classic/antique cars. Florida residents who own a classic car that’s 30 years old or older are eligible for classic car insurance and must purchase property damage liability and personal injury protection. Conversely, classic car insurance differs from conventional car insurance in that the value of a classic car is agreed upon by both the insurance company and the car owner. If you have questions about classic car insurance, give us a call. We’d be happy to answer all of your questions.