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Grove Insurance Agency

319 E. Main St.
Brownsburg, IN 46112

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How Does Classic Car Insurance Differ From Comprehensive Coverage?

If you own a classic car in Brownsburg, IN, you know it’s not just a vehicle—it’s a piece of history. And like any other valuable asset, you want to ensure your classic car is properly insured. But what kind of insurance do you need? Here we break down the differences between classic car insurance and comprehensive coverage with Grove Insurance Agency so you can make the best decision for your needs. 

What is classic car insurance? 

Classic car insurance is designed specifically for classic vehicles. To qualify as a classic car, the vehicle must be between 15 and 20 years old at the minimum, depending on the carrier. Classic cars are typically used for pleasure driving and are not used as a primary mode of transportation. 

What is comprehensive coverage? 

Comprehensive auto insurance covers damage to your vehicle that is not caused by a collision. This can include damage from theft, vandalism, weather, or animal strikes. Comprehensive coverage is not required by law, but it is often required by lenders if you have a loan on your vehicle. 

How do classic car insurance and comprehensive coverage differ? 

The most significant difference between classic car insurance and comprehensive coverage is that classic car insurance has agreed value protection. This means that in the event of a total loss, you will receive the full agreed-upon value of your vehicle—regardless of its actual cash value. Comprehensive coverage does not have agreed value protection, so you would only receive the actual cash value of your car in the event of a total loss. 

Reach Out To Us!

If you’re looking for an affordable policy with agreed value protection, contact Grove Insurance Agency today. We’ll work with you to find the perfect policy for your classic car in Brownsburg, IN.