Almost everyone likes to drive a classic car on occasion. The feel of the steering, the way the engine purrs when you give it gas, the way the leather smells when you first get it. It feels almost magical, like something from a bygone era, but it’s still a car and can get you from point A to point B.
Classic car owners in Sandy, UT often ask themselves if they should take out a standard insurance policy on their vintage car. Christensen Insurance Group has the experience and expertise to answer that question.
The Difference Between Vintage Car Insurance and Standard Auto Insurance
When finding the right car insurance policy, classic car owners should remember that there are two main types of car insurance: standard and specialty. Most standard car insurance policies cover the vehicle and the owner for basic loss and damage.
Classic car owners should consider purchasing specialty car insurance, which will provide additional coverage for the vehicle, such as collision, comprehensive, and theft. Some specialty car insurance policies offer a different range for the owner, such as disability and critical injury.
Which Vehicles Qualify As Vintage Cars?
For most people, the first thing that comes to mind when they think of a classic car is a car from the 1950s. However, in Utah, the definition of a "vintage" vehicle is much stricter. The Utah legislature has defined a "vintage" vehicle as any vehicle that is:
- Over 30 years old
- It is not used for general transportation purposes
- It is considered a collector’s item
- It is primarily used for display purposes in clubs, exhibits, parades, and other light uses
Do you own a classic/vintage car in Sandy, UT? Let Christensen Insurance Group help you protect your investment with a customized insurance policy today.
Being an owner of a classic car is a dream for car lovers all over the Sandy, UT area. As you are looking to invest in a classic car, it is also important that you spend time assessing your insurance needs. A form of insurance coverage all people here will need to get is classic car insurance. This coverage should be considered a necessity for classic car owners for a few reasons.
Protect Full Value of Car
A classic car is a unique type of vehicle as it can increase in value over time. When you get a classic car insurance plan, you can ensure that the full value of your car is covered. As you are building your new plan, you are able to work with the insurance provider to come up with a fair level of coverage for your vehicle.
Receive Appropriate Liability Insurance
No matter what type of vehicle you drive, you will need to carry insurance at all times to comply with your state’s liability insurance requirement. While the standard vehicle may be driven 10,000 miles or more per year, classic car owners drive their vehicle much less. This results in a reduced overall risk. A classic car plan will incorporate your annual mileage when determining a fair premium based on your actual risk.
Those that are going to own a classic car in the Sandy, UT area will always need to have the right insurance for it. As you are looking for coverage here, the team with Christensen Insurance Group can help you pick the right plan. This is a unique form of coverage that requires proper consideration. The team with Christensen Insurance Group can help you choose a plan that will properly cover your classic car.
Residents of Sandy, UT that own classic cars need to know that a classic car insurance policy adequately covers their vehicles. The agents at Christensen Insurance Group can help explain what classic car insurance is and exactly how it works. In many cases, classic cars are not driven on the roads. They are trailered to events and shows, primarily being put on display. The classic car policy you choose will depend greatly on how the vehicle is used and where it is stored.
In most cases, classic car insurance policies can be written to cover the cost of replacing the car’s actual value if it is damaged or stolen. This does not cover the cost of one’s personal investment in a vehicle. Classic cars that are rare or that have had an extensive amount of work performed on them may carry an extremely high replacement cost. This may require a specific type of policy to ensure that the investment cost is covered.
Cars that have been customized or rebuilt to the exact factory specs can be extremely valuable. In this case, a customized policy may be in order. Customized policies are written on an individual basis to ensure that the vehicle is sufficiently covered if it is damaged or stolen.
If you want to make sure that your classic car has the coverage it needs, your first call should be to Christensen Insurance Group. The agents at the office work to ensure that the residents in Sandy, UT have the classic car insurance coverage they need at all times. Call the office today and speak with one of our agents!