How Does Classic Car Insurance Differ from Traditional Auto Insurance?

Owning a classic car can be very exciting, but part of enjoying your unique automobile is properly caring for it. Caring for a classic car involves more than just maintenance, repairs, and upgrades; ensuring your car is properly insured is also important. You might wonder if specific class car insurance is necessary and how this type of insurance differs from traditional auto insurance. Here is a brief overview. 

Major Differences

The major differences between classic car insurance and traditional auto insurance include but aren’t limited to the following:

• Cost – classic car insurance is typically less expensive than traditional auto insurance
• Qualification – Unlike conventional auto insurance, which allows you to choose an insurer and pay for coverage, you must qualify to purchase classic car insurance. 
• Payout differences – if your traditional vehicle were to be deemed a total loss, the insurance company would pay you the current market value of that particular vehicle. However, with a class car, you would be paid out the agreed-upon worth of the vehicle when insuring it.
• Special Coverage – Classic car insurance sometimes covers spare parts, includes specific coverage for travel, and special coverage for car shows.

So, if you plan on purchasing a classic car, you should be sure to obtain high-quality specialty insurance for the vehicle. If you’re searching for a new Croton Falls, NY area insurance provider, you should consider us at Carminucci Agency. At Carminucci Agency, we provide coverage for Croton Falls, NY, and many other areas. We also provide many types of insurance, so give us a call today, and one of our friendly and knowledgeable agents will be more than happy to assist you.