Antique Car Insurance 

What Qualifies Your Vehicle as “Antique”?​

 

Antique car insurance is designed for vehicles that meet specific industry standards. These criteria may include:
 

• Age: The vehicle must meet a certain age requirement, often around 25 years or more.

• Factory Original: The car should be in its original factory condition, both mechanically and cosmetically.

• Resale Value: The vehicle should still hold resale value, with potential for appreciation rather than depreciation.

• Mint Condition: The car should be mostly unaltered by time or previous owners, retaining its original look and feel.
   

While the terms “classic” and “antique” are often used interchangeably, some car enthusiasts distinguish them by age, with “classic” vehicles being at least 50 years old. A true antique often embodies the period in which it was made such as a 1970 Camaro still showcasing its original 70’s aesthetic.

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If you own a vintage car, it’s important to determine if you need antique car insurance. 

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Types of Antique Car Insurance 

When insuring an antique car, there are two main types of coverage to consider, each with its own approach to determining the car's value:

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Stated Value Antique Car Coverage

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With this policy, the owner specifies the car’s value, and that amount becomes the coverage limit. However, the owner must support this statement with proof, such as:
 

• Original vehicle documentation

• Paperwork listing any repairs or alterations

• An official letter from a certified appraiser verifying the value.

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Agreed Value Antique Car Coverage
 

In this type of policy, both the vehicle owner and the insurance company negotiate to settle on a fair value for the car. Each party provides their opinion on the car’s worth, and an agreed amount is established for coverage. This option can offer more flexibility and ensures both parties are on the same page regarding the car’s value.

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When determining the coverage for your antique vehicle, remember that you should be insuring it for its replacement value, rather than the price you originally paid or the amount you've invested in it over time. It’s important to have a clear and agreed-upon value to ensure that you’re properly covered in case of a claim.

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We can help you choose the best antique car insurance plan that suits your needs. Reach out to us to discuss the options available for protecting your vintage vehicle.

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Your classic vehicle is more than just a car, it's a valuable investment, and protecting it with the right insurance coverage is essential. Whether you're cruising in a mint-conditioned vintage beauty or have a prized collector’s item, ensuring it’s properly covered will give you peace of mind in the event of an unexpected incident.

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When looking for reliable antique car insurance, Eternity Insurance Agency is your trusted partner. Our team of expert underwriters will work closely with you to craft a customized antique car insurance policy that suits your unique needs and keeps your classic car protected.

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Don’t leave your treasured vehicle at risk, contact Eternity Insurance today for a personalized quote and let us help you safeguard your investment.