Comprehensive Classic Car Insurance with Marlow Campbell Insurance Group

Is your passion for cars nearly an obsession? Maybe you own a piece of automotive history, such as a perfectly preserved 1930s dual-cowl phaeton or a 1960s roadster. Perhaps you spend weekends cruising the boulevard in your custom classic or hot rod. Or maybe you have a taste for exotic sports cars. Whatever your passion for automobiles, you can safeguard your classic vehicle and your investment in it.
What is Classic Car Insurance?

Classic car insurance is a specialized policy designed to protect antique or classic cars. According to the Insurance Information Institute (III), a car is considered classic if it is at least 25 to 30 years old.

Standard automobile insurance might offer some coverage for a classic car, but it often doesn’t cover its full value. Traditional policies calculate a car's value based on age, mileage, and depreciation. However, for classic car owners in Apex, North Carolina, a classic car that has been customized or restored can be worth more than its depreciated value, necessitating more than basic auto insurance to cover repair costs after an accident.

Classic cars often cost more than everyday vehicles and may need specialized repairs if damaged. Due to their value and rarity, they are also more likely to be stolen or vandalized, making insurance essential.

To qualify for classic car insurance, more than just the vehicle's age and value is considered. The III states that classic car insurance usually excludes daily driving and may impose mileage restrictions. Insurers may require proof of proper storage and another vehicle for regular use.

Some insurers permit driving the vehicle to car shows and auto club events, but specific coverage might be needed for such trips. In most states, having this coverage is required if you intend to drive your automobile on public roads.

If you plan to drive your car on public roads, you must have this coverage in most states.

Get in Touch

Contact Marlow Campbell Insurance Group at 1001 Pemberton Hill Rd. Suite 203 Apex, NC 27502, to learn more about coverage options and protect your classic car.

When applying for classic automobile insurance, more than only the vehicle's age and worth is considered. According to the III, you will need to meet additional standards. For example, a car covered by classic automobile insurance cannot usually be used for daily driving. Mileage restrictions may apply to a classic car insurance policy. Some insurers may want confirmation that the car is stored correctly and that you have another vehicle for ordinary usage.

Few insurers allow you to drive the vehicle to car exhibitions and auto club functions. If not, the III warns you may require specific coverage for certain trips. When not in use, the insured vehicle usually needs to be securely stored in a private garage or other locked facility.

Insurers may also require a clean driving record to purchase or renew a classic car insurance policy.

Get in touch with us to know more about coverage options so you can protect your classic car.

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.