There’s nothing quite like a collectible car, whether it’s an exotic sports car or an original antique. Even if you only drive it once every few weeks, though, for car shows or the occasional leisure ride, you still face the possibility of an accident—which makes collectible car insurance an absolute must.
There are a number of different cars that can be insured. Classic cars, trucks, or motorcycles are from 15 to 20 years old, and may either be originals or have modifications made. Antique vehicles are older than 25 years old and are completely original. Most other vehicles fall into the specialty category, whether they are brand new exotic cars, modified street rods, military vehicles, and vintage fire trucks or tractors.
There are a number of different reasons why it’s important to get insurance for collectible cars. They have a much higher value than regular vehicles, which can make them an attractive target for thieves, as well as raising the price of repairs. They are subject to the same potential for accidents that other cars are, but older antiques can be more prone to breakdowns.
While money can’t make up the historic and collectable value of a unique car, an insurance payment can help lessen the impact of a disaster by paying for recovery and repairs. Collectible car insurance is absolutely essential for hobbyists and drivers.