Specialty Car Insurance
What Kind of Insurance Do I Need for My Specialty Car?
Obtaining specialty car insurance requires careful consideration. Traditional auto insurance can cover many types of vehicles from a basic Toyota Civic to a luxury sport Ferrari. However, when insuring a collector, antique, vintage, or even a custom hot rod, you need to consider something more specialized.
Although insuring a specialty car has many of the same considerations that go with insuring a standard car, there are some important differences. Basically, the big difference in covering one of these cars has to do with the cost of repair or replacement. Because, their value isn’t determined by a straight book value like traditional cars. Instead, it’s usually a stated value based on the unique features of the specific auto. Does the car have restored or original components, patina or custom paint, all stock or fully modified features? However, these vehicles normally are not daily drivers. They can receive a significant price reduction based on a restricted use of a couple thousand miles per year. So make sure you are dealing with an insurance agent who understands the unique considerations of insuring a classic car.
Who Offers This Type of Coverage?
It’s not difficult finding insurance for specialty cars. That’s because many companies write coverage for these autos. A few even have specialized platforms to offer additional value and better rates. Here are a few notable ones out there:
- American Collectors Insurance
- Grundy Classic Car Insurance
- American National Insurance
- American Modern Insurance
- Classic Collectors Insurance
- Hagerty Auto Insurance
If you own one of these unique cars, you know that their value goes far beyond a simple price tag. Their real value is the time spent restoring and driving the car with your kids, father or friends. Because just taking it on a drive, remembering and sharing times of past, can be of great value to the owner. Whatever your reason for owning one of these amazing pieces of history, protecting it effectively is important. Because it will help preserve those memories for the long haul.
If you need help obtaining insurance for your specialty car please don’t hesitate to call Chris Wilson at (619) 980-7263. He can recommend coverage that the best fits your insurance needs.
