What Should You Know About Classic Car Insurance?

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You just bought that long awaited classic vehicle. She is your baby, and you are so proud of how the car looks. Now it is time to consider your options for insurance:

You need a trusted and reputable company if you are looking for a classic auto insurance in Doylestown, PA. Contact Steely & Smith Insurance today at (215) 345-9410

1. Classic vehicles typically are insured for an agreed value. That value is agreed on by you, as well as the insurance provider based upon collector automobile values and guides (normal automobiles are paid upon an actual cash value basis that includes depreciation). Classic vehicles differ in the fact that their value may increase over a period of time. For instance, let us say that you have a ‘57 Chevy Bel Air that has an estimated value of $61,000. If you possess a classic auto policy and the car was in a total loss, the insurance provider would compensate you with an agreed value of $61,000.

2. The overall price of classic auto insurance is much less than regular vehicle insurance costs. People care deeply for and love their classics, and they see them as an investment. Typically, the cars are not driven a lot of miles per year, and a lot of classic vehicle owners tow their automobiles to events versus driving them.

3. Usually, the overall amount of cases that are made in a group of classic auto policies is minimal. Due to the aforementioned reasons, classic vehicles aren’t exposed to accidents in the same manner that regular cars are. It is possible to reap the benefit of that by appreciating lower premiums.

4. There are several different kinds of coverage it is possible to select from to protect the automobile, which includes:

• Suspense of coverage when not being used
• OEM part coverage
• Liability coverage for classic auto shows
• Coverage for add-on equipment

When you are ready, let Steely & Smith look into our auto insurance options to check which one is going to give you the best coverage you need.

Still have questions? Please get in touch with Steely & Smith Insurance anytime! Our auto insurance will help during times of need. Please feel free to contact us today if you live in the Doylestown, PA area at (215) 345-9410.

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