Do you have a classic car model, or think you have what could be considered one? If so, read on to learn how you can tell if your car will qualify for classic car insurance. You need all the coverage you can get when it comes to your prized vehicle in Commerce, GA from a trusted company like the Hyman Brown Insurance Agency Inc.
The Type of Vehicle
Your car needs to be in one of three categories to qualify for classic car insurance:
- Veterans – a car that was created on or before December of 1904
- Edwardian – a vehicle manufactured sometime between January of 1905 and December of 1918
- Limited – those vehicles that are a special interest, rare, or limited edition models
Be aware that not all those models produced in the early 1970s are considered classic. This only includes 2-door sports cars, specific 4-door sedans, vehicles that have unique shapes or big block V8 engines, foreign sports cars, and convertibles.
Most states require that a car is at least 15 years old to be counted as classic. States such as Massachusetts require that the vehicle is at least 25 years old. Some providers will offer coverage on cars that are less than 15 years old, such as ones that are incredibly exotic or rare.
Usage of the Vehicle
Your car should not be used as your primary means of transportation. If you are using it on a daily basis, the value will depreciate and it will no longer be considered a classic car. Typically, there is a mileage restriction of about 5,000 miles per year.
Background of the Driver
Besides the age of the car, the age of the driver is important. Only individuals who are at least the age of majority may receive this auto coverage. Driving history and experience of the driver also are a part of the equation.
There are strict storage requirements for classic vehicles. For one thing, it must be parked in a highly secure, designated garage. Companies tell classic car owners to keep their classic vehicles in car storage facilities that are designed for securing car collections.
Reach out to learn more about classic car insurance from the Hyman Brown Insurance Agency Inc. We’ve been serving the Commerce, GA area for several years, and would be pleased to assist you.