Classic Car

​Whether you own a vintage sports car, a classic muscle car, or a rare collector car, having the right insurance coverage is crucial to protect your investment.

​Why do you need classic car insurance?

​Classic cars are not your typical vehicles, and their value can be much higher than that of a regular car. Therefore, they require specialized insurance coverage that takes into account their unique features and the risks associated with owning them.

Classic car insurance provides coverage for damage or loss caused by accidents, theft, or natural disasters. It also includes liability coverage in case you are at fault in an accident and someone is injured or their property is damaged. In addition, classic car insurance may provide coverage for things like spare parts, towing, and roadside assistance.

​What should you look for in a classic car insurance policy?

When shopping for classic car insurance, there are a few key things to consider:

1. ​Agreed value coverage: Unlike regular car insurance, which pays out the actual cash value of your car at the time of the loss, agreed value coverage pays out a predetermined amount that you and the insurance company agree on beforehand. This ensures that you are fully covered in case of a total loss.
2. Mileage restrictions: Most classic car insurance policies have mileage restrictions, which limit the amount of driving you can do in your car each year. Be sure to choose a policy with a mileage limit that fits your needs.
3. Spare parts coverage: If you own a valuable or rare classic car, you might want to look for a policy that covers spare components. By doing so, you may repair or replace damaged parts without having to look for pricey alternatives.
4. Liability coverage: In the event that you cause an accident and someone is hurt or their property is damaged, liability coverage is crucial. Make sure the policy you purchase has sufficient liability protection.
5. Discounts: A lot of insurance providers provide discounts for things like owning numerous vehicles, driving safely, and belonging to an auto club. Ask about any savings that could be available to you.

​At the end of the day, choosing the right classic car insurance policy comes down to finding a balance between coverage and cost. 

Here at Elevated Insurance Group we offer Classic and Antique Insurance coverage through multiple carriers. E.I.G is an independent family owned insurance agency located in Hershey, PA. Give us a call at 717-500-1978 for a classic car insurance quote today.