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Aug
19
2009

Can I get an auto insurance policy on a collectible car?

Filed Under (Auto Insurance Q&A) by admin
old-car

Collectible cars often require a special type of auto insurance policy

Yes, can get auto insurance coverage on a collectible car. However, sometimes you may require a different type of auto insurance policy specially designed for collectible or antique vehicles. This type of policy may vary from a standard car insurance policy in the following ways:

  • Flexible Mileage- Since a collectible car is not typically your primary vehicle, you can typically select the annual mileage on the car if you have an antique car policy
  • Spare Parts Coverage- Some collectible car policies offer special coverage for the classic spare parts you will need if your vehicle is damaged in an accident or other claim.
  • Inflation Guard- Most policies will offer an inflation guard which increases your car’s value  every 3 or 6 months as your car appreciates value over time. Some policies will do this at no additional cost to the insurer.
  • Automatic Coverage for Additions- A policy designed for antique vehicles will usually offer up to 30 days instantaeous coverage for any new vehicles added to your collection up to limits listed in your policy.
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