Under a normal auto insurance policy, your classic, antique or modified vehicle might lose money in the event of an accident. Collector cars often appreciate rather than depreciate over time, something a traditional policy doesn’t do. Collectors car insurance offers similar coverage but reimburses on an agreed amount that includes the total appreciated value.
Like a regular auto policy, collectors car insurance offers coverage for comprehensive, liability, uninsured / under-insured motorists, collision and medical payments. In addition, the policy might also offer:
- Spare parts coverage
- Traveling coverage
- No attendance required for car shows
- Roadside assistance
- Auto show medical reimbursement
Collector Insurance Types
Each insurer might classify different types of vehicles slightly differently in their policy options. The different vehicles usually have different coverage options and the years included might be different depending on the company. The available classifications might include any or all of the following:
- Antique Car Insurance
- Kit Cars and Replicas
- Classic Car Insurance
- Modified Car Insurance
Additional subcategories such as veteran vehicles might be listed alone or as part of one of the options above. Collectors car insurance might have additional requirements, restrictions or limitations not mentioned here depending on the company and state. An agent can provide additional information for your particular vehicle and coverage needs.