Does Regular Auto Insurance Adequately Cover My Classic Car?

Yes, technically, standard car insurance may cover your classic car. However, it won’t cover everything you need to keep your vintage vehicle in top condition. You can rely on an agent from Cordell Insurance in Baton Rouge, LA to walk you through your car policy so that you understand your options.

Regular Car Insurance May Not Pay Enough

With your standard policy, mileage, depreciation, and age all factor into how much insurance coverage you can get. Putting sweat equity and real money into restoring your vehicle might fall far short of its true value.

Fortunately, you have other options. Classic car insurance policies are specifically designed to protect your valuable antique vehicle. Additionally, this type of policy also covers perils unique to classic cars.

What Does Classic Car Insurance Cover?

With classic car insurance, you’re covered for some of the same things as a standard policy. This may include comprehensive, collision, bodily injury, and property damage. However, you can also add more coverage for your peace of mind. For example, you can cover the car’s actual cash value rather than its contemporaries’ book value.

We can help you negotiate the true value of your vehicle with your insurance company. Classic cars, unlike other vehicles, can appreciate over time. Therefore, you need a flexible policy that allows you to adjust your coverage to the actual cash value.

You’re going to want classic car insurance that will help pay for restoration in case of an accident. With the right insurance, you can get the help you need to pay for engine components, wheels, and other parts that are expensive and hard to find.

Contact Cordell Insurance in Baton Rouge, LA to learn more about the differences between regular and classic car insurance. One of our agents can explain your existing coverage and how to adjust it for coverage gaps.