Category: Classic Car Insurance

If you own a classic car, you must insure it with the best insurance policy available. Classic cars are often significant investments, and your classic car insurance must reflect this. For a classic car, it isn’t enough to have a regular auto policy. You specifically need a classic car policy. If you don’t have the insurance policy that you need, give us a call at Smoller Insurance Agency in Boston, MA.

Classic Car Policies

If you have a standard auto insurance policy on your classic car, it is unlikely that it will pay out what the car is actually worth if something goes wrong. When you purchase a standard auto policy, the coverage is determined by the car’s age, condition, and mileage. If you use these criteria, it may not reflect what the car is actually worth as a sought-after classic.

You’ll need a policy that considers the car’s popularity as well as how much people are willing to pay for it. Aspects of the car like its mileage may factor into its value, but many other factors are important when the car is a classic. This can mean its place in popular culture or the scarcity of that model of car. All of these factors are taken into account when purchasing a classic car insurance policy, and the policy is written for the specific car rather than a generic value.

Stay Insured

The coverage amount is so important because you may be in an accident that damages or destroys the car. This would be extremely costly for you if you didn’t have the right coverage for your needs. You need to stay covered with a classic car policy so that your investment in your car is protected.

Get Classic Car Insurance

Here at Smoller Insurance Agency, we understand classic cars and the investment they truly are. To get your coverage, visit us at our office in Boston, MA or give us a call today.

Finding the right insurance coverage will be an important part of your classic car hobby. Classic cars are not valued the same as regular cars, so insurance is an important consideration. At Smoller Insurance Agency, serving Boston, MA, we can help you make the best insurance choices. Keep reading to learn more about classic car coverage. 

Classic Car FAQs 

Can I Use A Regular Auto Policy?

You can use a regular auto policy for your classic vehicle, but this type of policy may not provide you with the proper amount of coverage. A classic vehicle carries a value that is far different from a regular vehicle. In order to get the amount of coverage that is appropriate, you will need classic car insurance. 

How Is Insurance Coverage Determined?

The only way to determine the coverage amount for a classic vehicle is to sit down with an insurance representative. This professional is trained to evaluate the true value of the vehicle. After this evaluation, an amount of coverage will be set. 

What Factors Will Be Considered?

There are many factors that affect the value of a classic vehicle. The age and model of the car will be the first consideration.  Any improvements that have been made to the car will also be considered. This is where you will want to share with the insurance agent the money you have invested in the vehicle. The last factor will be the value of the vehicle in local collector markets. This, again, is very different from the market value of regular cars. 

All of this information will be collected and a coverage amount will be determined for you. 

If you would like to learn more about classic car insurance, or any of our other insurance products, please contact us at Smoller Insurance Agency, serving Boston, MA and the surrounding areas.