You may have heard the terms: classic, vintage, or antique. But what defines each category?
- Vintage cars typically refer to those manufactured between 1919 and 1930. An example would be the 1916 Ford Model T.
- Antique cars refer to vehicles aged 25 or older according to the Antique Automobile Club of America.
- Classic cars, as defined by the Classic Car Club of America, is a “fine or distinctive automobile, American or Foreign built, produced between 1915 and 1948.”
Did you know there’s a specialized market for collectibles?
Supercars, exotic cars, high-value vehicles and collections, modified cars, and even lowriders to name a few.
Typical Coverage Inclusions
A typical classic car insurance policy includes the following:
- Agreed value coverage: Pays for the car’s full-insured value with no depreciation in the event of a total loss, less your deductible.
- Inflation guard: To compensate for how classic cars increase in value over time, the policy increases the vehicle’s value quarterly.
- Spare parts coverage
- Flexible usage: Ability to drive the vehicle for up to 2,500 to 5,000 miles annually. Not limited to “parades only.”
Additional Coverage Options
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- Emergency towing in case of a breakdown
- Roadside assistance for items such as a flat tire, dead battery or running out of gas
- Emergency lockout
- Lost key return
- Emergency travel expenses in case your classic vehicle breaks down while away from home
- Car show expenses—policy will pay for expenses associated with missing a car show due to a breakdown
- Theft reward
- Personal effects—policy will reimburse you for items that are vandalized or stolen when reported to police
