What Is Classic Car Insurance? Classic car insurance – or collector car insurance, as it is sometimes called – is designed specifically for antique and classic cars. While in some ways it’s much like insurance you would have for the car you drive every day, with damage, theft, and liability protection, there are unique features, like coverage for the cost of replacing parts that you won’t be able to find easily – such as a vintage hood ornament, fender, or radiator – if you get in an accident. Another big difference from a traditional policy is agreed value coverage, meaning you can insure the vehicle for its appraisal value. With traditional car insurance, vehicles are valued based on comparable models that depreciate over time.

Source: Forbes February 13, 2024 05:08 UTC