What is Classic Car Insurance?

Auto Insurance
Classic or collector car insurance can save you a significant amount of money and increase your coverage because traditional auto insurance carriers are geared towards insuring a larger volume of lower end vehicles. Normal P&C insurers don't know how to treat your specialty or collector car. Regular non classic carriers may allow you an extra $5,000 rider for modifications, but that's a maximum of additional coverage. Over 50% of collector cars are insured by regular (expensive) car insurance programs. So vintage car drivers are overpaying for inferior coverage. My classic car insurance I owned a vintage Camaro and paid much lower car insurance, about $250 per year through Hagerty. Compare that to regular car insurance, over $500 per year, and lower overall coverage. Qualifying for Vintage Coverage You don't automatically…
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Auto insurance limitations and exclusions

Articles, Auto Insurance
All auto insurance coverage is subject to exclusions and limitations as outlined in the policy. Physical changes caused by wear and tear, freezing, mechanical breakdown, or parts failure are usually not covered. Some added equipment, parts, or special paint may not be covered, or are subject to a dollar limit unless optional coverage is purchased. Other exclusions include injury caused intentionally or if the injury is caused by a person who uses an insured vehicle without permission. truck rental coverage false arrest, wrongful eviction, libel, slander, defamation of character, and invasion of privacy. Exclusions and limitations must be clearly written and very specific. Conditions: This section establishes the conditions that must be present or complied with by the company and/or the insured. Examples of conditions include time-period restrictions, duties in…
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Car Insurance Agents

Auto Insurance
Car Insurance Companies market through different channels. Some sell through their own agents. Others sell through independent agents who offer policies from multiple insurance companies. Some car insurers do not use agents but sell direct to consumers over the phone or net. Get rates from several sources via the zip code box above, so you verify you are getting the very lowest price. Full service insurance agents can help customers bundle auto and home insurance policies with the same insurer, so they are more likely to be satisfied. When it comes to ensuring a smooth claims process, agents may also encourage their customers to keep an inventory of their valuables as well as receipts for major purchases like furniture or plasmas. Car Insurance Brokers Most car insurance brokers offer the…
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Problems insuring classic or collector cars

Auto Insurance
The insurers will only recognize the trade in or market value of the vehicle (not your full appraisal or purchase price). Special after market or hard to find items may not be replaceable or covered. Claims are determined by an adjuster who is working for the insurance carrier (not you) Your standard car insurance carrier may not cover a modified vehicle, or one that has been improved for performance or looks. Some insurance carriers simply may not insure your car if it's older than a certain year The auto insurer may not give you the large discount for mileage you're entitled to, especially if you rarely drive the car.
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Buying classic car insurance

Auto Insurance
Make sure you get your classic car insured for agreed value (not stated or actual cash value). The "Agreed Amount" should represent the true market value of the car at the time the policy is written. If the market value changes during the policy period, the "Agreed Amount" can be changed by endorsement. At each policy renewal, the "Agreed Amount" should be changed, to reflect current market value. You'll need an appraisal, and pictures of all four sides of the car and of the interior. Understand the mileage limits of your classic car insurance policy and if you drive more than occasionally, get a no mileage limit policy. Have an in writing basis for your car's agreed value so you can back up your damages in the case of a…
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Classic Car Insurance Companies

Auto Insurance
If you read, you know that many companies will insure your classic car, but won't give you the true replacement value. Below are some of the players in the classic car insurance market. Contact them all to make sure you are getting the best deal. Compare rates by inputting your zip code into the box above. Hagerty Insurance Agency, LLC www.hagerty.com 800.922.4050 141 River's Edge Drive #200 Traverse City, Mi. 49684-1303 Hagerty is the largest insurance agency for collector cars and classic boats in the United States. They also expanded into the UK & Canada. They have more than 16 years experience in the collector car insurance and collector car road service arenas. Hagerty offers Agreed Value Coverage - If you suffer a total loss on your vehicle, Hagerty will…
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Most stolen collector vehicles (Hagerty Insurance)

Auto Insurance
1966 - 1982 Chevrolet Corvette 1964 - 1969 Ford Mustang 1958 - 1967 Chevrolet Impala 1968 - 1969 Chevrolet Camaro 1941 - 1974 Harley-Davidson Motorcycles 1963 - 1972 Chevrolet Nova 1966 - 1973 Chevrolet Chevelle 1970 - 1978 Chevrolet Monte Carlo 1955 - 1965 Cadillac DeVille 1950 - 1971 Chevrolet pickups 1975 - 1979 Mercedes-Benz 450 1955 - 1963 Ford Thunderbird 1964 - 1977 Lincoln Continental
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Hartford Auto Insurance

Auto Insurance, Insurance Company
Hartford provides personal and commercial homeowners, auto, annuities, employee benefits and workers' comp coverage. The Hartford serves customers through 11,000 independent agencies, independent agents and brokers and financial institutions. They are based, you guessed it, in Hartford, Connecticut. The Hartford auto insurance discounts in California: Air bag discount of Anti-Theft Device discount of 5% Passive restraints (seat belts) 10% - 20% Group programs 10% Anti-lock brakes 3% Mature Driver course discounts of 5% Multi car discount of 17% - 39% Good student discount of 10% Multi-policy credit of 10% - 16% The Hartford does not give discounts for: Drivers training Low mileage Mature drivers Daytime auto running lights Low mileage Comparison of Auto Insurance Carriers & Brokers Acceptance Insurance services AZ, AR, CO, GA, IL, IN, IA, NE, ND, WI…
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