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.
Over the years, your classic car has seen many miles on the road. It has been in rough weather, and it has been in clean weather. It has been in the rain and the sun. It has been on the highway and in the parking lot.
Keeping a classic car well maintained is a challenge. But, it is essential to do so to keep the car in good condition. You can do a lot to keep your vehicle in top shape.
At Grove Insurance Agency, we’re huge fans of classic cars, and we love helping Brownsburg, IN keep theirs protected for years to come.
Here are some of our best tips:
Practice safe storage. Even the best-maintained classic cars need to be stored safely when not being used. Some people keep their classic cars in a basement or garage. If you don’t have a garage or a space inside for your car, you’ll need to find a cool and dry place.
Inspect your tires every month. It’s easy to forget about your tires significantly if you don’t drive your classic car often. You don’t want to find yourself in a horrible situation. Rotate your tires every 5,000 miles and never have them longer than 40,000 miles. (That goes for the spare too!)
Do regular check-ups too. Your oil and cooling systems are a significant priority, so check those fluids diligently. You’ll also want to check your battery, especially if your classic sits for long periods. Take it out for a spin to maintain the charge and check for any signs of a problem under the hood.
Keep the interior conditioned. It’s easy to neglect the interior of your classic car when you’re focused on keeping the outside looking and running well. Sun damage is always a danger, so try to minimize it with a car cover or window shades. You’ll also want to check out dashboard treatments.
Contact Us Today
If you live in Brownsburg, IN and need insurance to protect your classic car, please stop by Grove Insurance Agency today!
Car lovers understand the value of owning a car that is not right off the showroom floor. Whether it is antique, vintage or classic, these cars showcase the best of American auto manufacturing. If you own one of these cars, you probably want to make sure that you have the correct car insurance to protect your investment. At Grove Insurance Agency in Brownsburg, IN we are known for providing expert advice and for the quality of the service we give our customers.
To be considered a classic car, a car needs to be more than 20 years old. In Indiana, historic cars are defined as being 25 years or older. This allows them to be registered for a lower fee and to apply for a historic license plate that is appropriate to the year of the vehicle. To be eligible it can’t be used primarily for transportation and must be restored, maintained, owned, or operated as a collector item or an investment.
For insurance purposes, the definition of a classic car is somewhat different, and it may differ from one carrier to another. Having an insurance agent who is knowledgeable about classic cars and the best way to insure them is important. With a classic car, it is important that you get an expert appraisal, so you have enough coverage to get your car repaired if it should be damaged. You and your carrier need to agree on the value of your classic car.
Classic car insurance may be the only way to get enough coverage to protect your vehicle, but it does come with some drawbacks such as limits on the number of miles you can drive in a year.
When you need to talk to someone about your classic car insurance, contact Grove Insurance Agency in Brownsburg, IN.