Classic cars are more than just a hobby—they’re pieces of history, passion projects, and valuable investments. You’ve poured your time, energy, and resources into maintaining a vehicle that turns heads and tells a story. However, a standard auto insurance policy isn’t designed to protect a classic car’s unique value and usage. That’s why specialized classic car insurance is the key to true protection. At Parkway Insurance Group, we’re here to help you protect what matters most.
What Makes Classic Car Insurance Different?
The “Agreed Value” Difference
The most important distinction is “Agreed Value” coverage. With a standard auto policy, your car’s value depreciates over time. But classic cars often hold their value or even appreciate. With an Agreed Value policy, you and the insurance company agree on the car’s worth before the policy is written. In the event of a total loss, you’ll receive that full, agreed-upon amount—not a lesser, depreciated value. This gives you peace of mind knowing your investment is fully protected.
Key Features of a Classic Car Policy
Specialized Coverage for Your Unique Vehicle
Classic car insurance policies offer features tailored to the collector’s lifestyle:
- Limited Use & Lower Premiums: Since your classic isn’t a daily driver, you’ll likely pay a significantly lower premium than you would for a standard policy, even for better coverage.
- Roadside Assistance: Many policies include specialized roadside assistance, often with flatbed towing to ensure your vintage vehicle is transported safely to the shop of your choice.
- Coverage During Restoration: If you’re in the middle of a restoration, policies can be customized to cover your vehicle and its valuable parts during the process.
- Spare Parts & Memorabilia: For the true enthusiast, many policies offer coverage for spare parts and other automotive memorabilia.
Is My Vehicle Eligible?
What Qualifies as a Classic?
To qualify for classic car insurance, your vehicle typically needs to meet a few requirements:
- Usage: It must be used for limited, occasional purposes, such as car shows, club events, or pleasure driving—not for your daily commute.
- Storage: It must be stored in a secure, enclosed garage or facility when not in use.
- Age/Condition: While a car is generally considered a classic if it’s 20-25 years old or older, some modern vehicles can also qualify based on their rarity or limited production.
How to Get Started: The Parkway Difference
Partnering with an Expert
Navigating these specialized policies is where an experienced agent can make all the difference. We’ll work with you to determine the right Agreed Value, compare options from various carriers, and find a policy that truly protects your unique investment. At Parkway Insurance Group, caring makes the difference, and we are your trusted partner in securing your passion.
Drive with Confidence
Classic car insurance provides a level of specialized protection that a standard auto policy cannot match, especially with its “Agreed Value” coverage. It’s about more than just insurance—it’s about honoring the history and value of your vehicle.
Ready to get a specialized quote for your classic car? Contact us today to ensure your timeless treasure is properly protected. Protect what matters most.
