Classic cars can be expensive to repair. Ensure you’ve enough coverage to cater to major repair costs. Keep detailed records of your classic car, including maintenance records, so that if a claim is made, it’s much easier to prove that it was in good condition. Parr Insurance Services is happy to serve you in Lynchburg, VA and the surrounding areas.
What You Should Know
Classic cars are prone to many different things, so it is important to make sure you are covered for all of your classic car needs. Ensure you are covered with liability, collision, comprehensive, and roadside assistance.
Inspect your classic car before the big road trip to make sure it’s road-worthy. Make sure all the maintenance is up-to-date and that the car has a service history.
Add a driver profile that includes details about your classic car such as the make and model, year, color, and value. When insuring your classic car, you should keep in mind the following:
- The car is old and some are not worth much money. You don’t want to pay a large amount of money for insurance. You may consider a lower and higher deductible premium.
- Classic cars are often driven by collectors and hobbyists who are willing to pay for the additional coverage that comes with a “classic” designation.
- There is also an element of pride in these cars that makes it unlikely that anyone will drive it into the wall at speed on purpose, or crash it into another vehicle.
- A lot of classic cars were built with safety features like seat belts, airbags, and other modern protection devices. The car may not be as safe as newer vehicles, but it still offers some protection to its occupants.
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Certain parts of the car will have depreciated more than others over time, which could affect its value if you make a claim against your insurance policy while driving it (for example, if you damage your front bumper while parking).
The insurance company considers some of the aforementioned factors when determining the amount to pay in case of an accident or other incident involving your classic car. For expert advice related to your insurance coverage, give us a call at Parr Insurance Services serving the greater Lynchburg, VA community.