How Do I Insure My Classic Car If It’s Not My Daily Driver?

If you’re like most people, your classic car is only driven on special occasions. Maybe it’s a weekend cruiser or a summer showstopper – but it’s not your daily driver. So, how do you insure it? What kind of coverage do you need? We are here to answer any questions for our California, Oregon, Arizona, and Nevada clients.

Here are the steps to take for classic car insurance:

1. The First Step is To Talk to Your Insurance Agent

Your classic car insurance policy is going to be different from your regular auto insurance policy. That’s because classic cars are usually only driven on special occasions, which means they have a lower risk of being involved in an accident. But that doesn’t mean you don’t need coverage!

You’ll still need to insure your classic car against theft, vandalism, and other risks. Our professional agents at Avail Insurance Solutions LLC will be able to help you find the right policy for your needs.

2. Choose the Right Coverage for Your Classic Car

When it comes to classic and collector car insurance in California, there are three main types of coverage: agreed value, stated value, and actual cash value.

Agreed value is the most common and straightforward type of coverage. With agreed value, you and your insurance company agree on a value for your car before you start your policy. In the event that your car is totaled or stolen, you will receive the agreed-upon amount.

The stated value is similar to the agreed value, but there is often more flexibility in the stated value amount. Your insurance company will assign a stated value to your car based on factors like the make, model, and age of the vehicle. You can then insure your car for the stated value or for a higher amount.

Actual cash value is the least common type of coverage, but it may be the right choice for you if your car is very old or has high mileage. With actual cash value, the insurance company will determine the value of your car based on its current market value.

Give Us A Call

Classic cars are a great investment, and they can be a lot of fun to drive! When it comes to insuring them, it’s important to talk to an experienced agent who can help you find the right policy. At Avail Insurance Solutions LLC, serving the states of California, Oregon, Arizona, and Nevada, we’re here to help.