If you own an older car in pristine condition, then you may qualify for classic, collectible, antique, or vintage car insurance. These types of insurance aren't like traditional car insurance. In many cases, the rates are lower, but the coverage is higher. But there is a reason why you get a break in costs. Most of these types of insurance have very strict restrictions.
Here is more information about what is a classic, collectible, antique, or vintage car and how this type of insurance works.
What Types of Cars Are Covered?
Classic, collectible, antique, and vintage cars are all distinct categories with specific requirements. Requirements and definitions vary between states. Here is more information about the basic requirements of each.
- Classic cars are unmodified cars between 20 and 40 years old. Some car clubs and auto enthusiasts restrict this category even further by saying only certain makes and models are classic.
- Collectible cars are usually rare or limited edition makes and models that are popular with collectors. Age requirements vary between states, but generally are more than 15 years old. Some cars may be modified.
- Antique cars are unmodified cars in good condition, usually over 45 years old. However, some states define an antique as any car over 20 or 25 years old.
- Vintage cars refer to cars built between 1919 and 1925, though sometimes cars built between 1925 and 1930 are considered vintage.
How Are These Cars Covered?
Classic, collectible, antique and vintage cars have limited coverage. Most coverage strictly forbids day-to-day driving and often limits use to car club activities and shows. Some insurance companies also cover the vehicle for other events such as advertising and film and television use. You will not be able to use your car for any type of racing. You must also take care to maintain your car's originality in many cases.
On top of restrictions about vehicle use, you must also have a good driving record. Most policies disqualify people if they have had a DUI or more than one moving violation in three years. Some policies have a minimum driving experience requirement such as being a licensed driver for at least five or ten years.
If you own an older car for show and hobby purposes, then you may benefit from classic, collectible, antique, or vintage car insurance. This insurance protects the value of your vehicle if damaged or in need of repair at shows or other events. For more information about insurance for older vehicles, contact an auto insurance company.