Do You Have To Have Insurance On An Antique Car

Your vehicle insurance must cover at a minimum.

Do you have to have insurance on an antique car. 30000 for bodily injury. The book value of an ordinary car goes down every year and so does the total amount the insurance company will pay if its damaged. There are special antique auto insurance policies you can get for your antique car.

The features and premiums youll pay vary from insurer to insurer so its important to understand what you need to know to buy the right policy for your vehicle. Classic car insurance is a special type of coverage for a wide variety of cars including classic antique and customer cars as well as a variety of other specialty vehicles. A car cannot have any modifications at all for it to be considered an antique.

Collector car insurers typically have much lower deductible options available for your classic car policy eg 0 100 or 250 than are typically available from regular auto insurance companies. Classic antique and vintage car insurance benefit from Agreed Value policies which allows you to determine what value you want on your vehicle and ensures that you will receive the full insured value of the vehicle less any applicable deductible in the event of a covered total loss. 60000 for 2 or more people.

First party benefits include medical work loss and funeral expenses. But thats not always how antique auto insurance works. Not a good idea.

Having antique plates means you will usually only need to register your classic vehicle once with a one-time fee. If your classic car is 25 years old and you already insure a private car then youre eligible for our Classic Car Insurance. It also includes added coverage for spare parts tools and personal effects and accidental death coverage.

Tag and title companies will charge a fee for this service. Data provided by Progressive found that classic cars cost about 36 less to insure than a standard modern car because policies. Because you dont drive your collector car like a daily driver you shouldnt have to insure it like one.