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.
Based in Surprise, AZ, Giles & Iten Insurance assists the community through helping them find the insurance coverage that they need. We recognize that every single client is different, that’s why we take the time to consult with all of our clients so that they can find the right policy.
Classic Car Insurance
Classic cars are valuable possessions. Due to their unique stature, they require different coverage from traditional vehicles. Classic cars are often recognized as vehicles with significant historical interest. They are often more than 20 years old. Classic cars spend the majority of their time in storage. Owners only show them off at special car events, conventions, and parades. As such, classic cars are only used on a limited basis. That is an important thing to consider as you research different policies. Driving a classic car on a regular basis causes the value to depreciate, which impacts your policy. The car must also undergo a periodic inspection to make sure that it is still in good condition. Make sure that you keep your vehicle stored in a secure area.
Liability, comprehensive, and collision coverage is still available as if you had a traditional auto insurance policy. The important thing is to make sure that you do not drive the car over the specified mileage limit. The mileage limit is to ensure that the vehicle is only used on special occasions.
If your classic car needs assistance, be sure to find a place that understands that classic cars require different maintenance from other cars. Try to find a repair shop that specializes in treating classic cars.
Giles & Iten Insurance Will Guide You Through The Process
Stop by our office in Surprise, AZ and we will work with you to find the right coverage for your prized possession.
Your car has been around since the beginning of time, so it feels. Does it qualify as a Classic Car by the state’s standards, though? The agents at Giles & Iten Insurance can help you understand Classic auto insurance. Read on to learn if your car qualifies as a collectible in Arizona.
What qualifies as a Classic Car in Surprise, AZ?
The state of Arizona recognizes a car as a Classic car when the vehicle is 25 years or older. Automobiles older than 50 years are considered Antique cars.
How much should you expect to pay for Classic car insurance?
Interestingly enough, Classic car insurance tends to be cheaper than standard auto assurance. One main reason why you may pay less for Classic auto insurance is because of the stipulations imposed by the state for Classic car owners. Individuals who own collectibles in Surprise AZ may be restricted to when they are allowed to drive their vehicles around town. There also may be stipulations regarding how far a Classic car can be driven.
You automatically save money on car insurance when your vehicle is driven less and taken shorter distances. It, therefore, may be more profitable than you think to register your car as a Classic car and obtain insurance tailor-made for collectible cars.
Can any car older than 25 years be covered under Classic car insurance?
Generally speaking, only vehicles recognized by the state may qualify for Classic car insurance. You may have to settle for standard auto assurance if you drive your car every day or if you travel long distances in your vehicle even if it is older than 25 years.
Should I contact an agent for help?
Yes! You should never go it alone when it comes to auto insurance. The agents at Giles & Iten Insurance can help you better understand the basics about Classic auto insurance as well as assist you in finding the indemnity plan that works best for your situation. Call them today to get started with a quote!