Thinking about getting a collector car for your family? You may be surprised to learn that insurance for an antique car is often less than your usual ride.
There are different factors that go into determining the cost of a classic car policy than your everyday car’s insurance that affect the pricing. Read on for more information from Car and Driver:
But about 18 million to 20 million cars in the United States (Hagerty’s guess; the company says it insures about 1.2 million of them) qualify generally as custom, collectible, antique, or classic cars. They’re normally not used every day, they’re driven few miles every year, and their true value usually has nothing to do with depreciation. Classic-car insurance policies are typically based on an “agreed value” assessment of a car’s worth.