Classic cars are not only fun to drive, show and collect, but they are also a great investment. Some people collect as a hobby to preserve history, while others just love the luxury they bring. Whichever reason motivates you to have a classic car, you should consider insuring it. At Giles & Iten Insurance serving Surprise, AZ, we understand how important a classic car is, and so we have outlined some of the advantages you can enjoy by insuring your classic car.
Protects the Value of Your Car
Usually, the average car will lose value with time once bought. However, a classic car either maintains its value or increases with time. When you insure your vehicle, you get into an agreed-upon value of the car with the insurance company. Therefore, if the car gets totaled, the insurance company will give you the amount you agreed upon, hence protecting your car’s value.
It is Affordable
Most of the time, classic car owners are cautious on the road. In addition, the car is used once in a while as it is not the car for your daily errands or commute. That is why classic car insurance is affordable if you compare it to buying coverage for a new car.
Another advantage of classic car insurance is that it offers you liability coverage. Driving a classic car does not mean you might not get into an accident. Just like with new cars, this coverage is significant. When you get into an accident where you are at fault, liability coverage will help cater for things like medical expenses for the injured party.
If you live in Surprise, AZ, and want to learn more about classic car insurance, you can reach Giles & Iten Insurance. We will ensure you enjoy the above advantages and much more through insuring your car.