Car insurance for an antique automobile needs to be as unique as the vehicle it protects. There are no “one size fits all” policies for antique or classic cars. We know that each antique car is special and has distinct needs.
Antique and classic car insurance policies must be created differently to accurately meet your needs.
There are many important factors to take into consideration when getting insurance on a collector car, but this is by far the most important:
With conventional automobile insurance, your car is typically covered only up to its actual cash value, which is equivalent to its replacement cost minus depreciation.
However, classic auto insurance should cover your antique or classic vehicle for an agreed (often called “guaranteed”) value that is mutually agreeable between you and the insurance company.
This amount will be based on the value of the automobile according to respected collectible car valuation guides.
In contrast to everyday vehicles, collectible cars generally increase in value, especially if they are well cared for and/or restored. On the other hand, usually lose value over time and don’t require agreed value-type coverage.
Another difference is how much you actually drive your classic car. Standard car insurers cover vehicles driven daily. We understand that your precious classic is driven sparingly, so you shouldnt be made to pay the same premiums.
At Ford Insurance, we will work with you to determine the real value of your car and write a policy based on that price.
We specialize in many specialty vehicles. The most common categories such as antique cars, classic trucks, vintage cars, collector cars, hot rods, street rods, exotic cars, luxury cars, and muscle cars.