Home » What Is the Best Way To Insure a Classic Car?
February 1, 2022

What Is the Best Way To Insure a Classic Car?

Owning a classic car means more than just owning an ordinary automobile that gets you from point A to point B. A classic car is a piece of history. It’s an antique. Before getting your antique vehicle out on the road, it’s essential to take some precautions. Accidents such as collisions and vandalism can occur at any time for any unforeseen reason. Classic car insurance is an excellent way to make sure you’re given financial assistance if an accident occurs against your vehicle.

What Is a Classic Car?
Classic cars are very different than regular cars. Classic cars are generally cars at least 20 years old and no older than 40 years. Once they fall in that age range, they can then be considered “antique” or “classic.” They tend to be muscle cars or some other exotic type of car.

What Is Classic Car Insurance? 
Classic car insurance is both very similar and different compared to regular auto insurance. You pay a monthly premium to be financially protected from accidents so you won’t have to pay significant out-of-pocket costs. However, it differs from regular auto insurance because policy rates can be lower and very different among classic car owners, as owners tend to use classic cars for various reasons.

Generally, though, a classic car insurance policy might include:

  • Agreed value coverage, which helps cover the car’s full-insured value with no depreciation in the event of a total loss, less your deductible 

  • Inflation guard, which helps compensate for inflation and appreciation the policy increases the vehicle’s value quarterly 

  • Spare parts coverage helps cover the cost of any spare parts related to your antique vehicle 

  • Flexible usage limits on mileage ranging from 2,500 to 5,000 miles annually not limited to parades


Contact us today to learn more about potential benefits included in your classic car coverage.

Call Us Today 
Akin & Associates is here to help the classic car owners of Decatur and Cullman, Alabama, learn more about coverage options. We can assist you in learning more about coverage and benefits so you can make the right decision for you and your car.

Call one of our agents today at 256-355-8500. We look forward to helping you out.

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