1. Coverage Focus:

Regular Auto Insurance: This type of insurance typically covers your vehicle on an Actual Cash Value (ACV) basis. It’s designed for newer vehicles that are depreciating in value, vehicles driven regularly, or those that can be readily replaced after an accident.

In the unfortunate event that a total loss accident occurs, the ACV estimate for the vehicle is determined by a claims adjuster, which factors in vehicle depreciation, excess mileage, vehicle condition, geographic location, and a variety of other factors.

Note: ACV estimates for regular auto insurance don’t usually account for any additional equipment or improvements that you added/modified or were not on the original vehicle when sold new (e.g., vehicle restoration costs, modifications, safety/performance/comfort upgrades, custom paint, etc.).

Classic Car Insurance: Collector car insurance is designed for “special” vehicles which are not driven frequently and generally covers claims on Agreed Value basis.  This means that, when the insurance policy starts, both the customer and the insurance company agree on a specific value for the vehicle, and the Agreed Value is listed on the policy declarations page, before any potential total loss incident occurs.

Providing certainty on your classic car’s “total loss value” and offering an enhanced policy provides peace of mind to classic and collector car owners.  We strive to ensure that your financial investments in purchasing, restoring, or upgrading the vehicle are adequately protected should a total loss occur.

2. Additional Policy Benefits from Collector Car Insurance:

Classic car insurance policies often come with built-in or optional coverages tailored to classic car owners’ needs and preferences. These can include:

• Towing Coverage: Classic car insurance generally allows selection of flat bed towing to ensure safe transportation for your classic car in case of breakdowns.
• Repair Shop of Choice: Allows you to select the repair shop for any necessary repairs to your vehicle or allows you to do the work yourself.
• Emergency Lodging: Covers lodging expenses if you’re stranded during a road trip.
• Discounted Salvage Buyback: Offers options to buy back your salvage vehicle at a reduced cost, allowing you to keep your special car to rebuild after a total loss accident.

In summary, classic car insurance is designed to address the unique needs of classic and collector car owners. With Agreed Value coverage, additional benefits, and a focus on preserving the value of these vehicles, classic car insurance offers a tailored solution that sets it apart from regular auto insurance.

Collector car insurance typically covers a wide range of vehicles that are considered collectible or antique. These can include:

1. Classic Cars: Generally, vehicles that are at least 25 years old and maintain or appreciate in value can qualify as classic cars. Examples include vintage Mustangs, Camaros, or Model T Fords.
2. Antique Cars: These are typically vehicles that are at least 50 years old and are considered rare or historically significant. Examples include early Ford Model As, vintage Rolls Royces, or classic Packards.
3. Exotic Cars: High-performance and limited-production vehicles can also be covered under collector car insurance. Examples include Ferraris, Lamborghinis, or Aston Martins.
4. Muscle Cars: These are high-performance American vehicles from the 1960s and 1970s known for their powerful engines and iconic designs. Examples include Chevrolet Chevelles, Dodge Chargers, or Ford Mustang Boss 302s.
5. Hot Rods and Custom Cars: Modified or custom-built vehicles that retain their original character or represent a significant era in automotive history can also qualify for collector car insurance.
6. Vintage Trucks and SUVs: Classic trucks and sport utility vehicles from various eras can also be eligible for collector car insurance. Examples include vintage Chevrolet pickups, Ford Broncos, or International Harvester Scouts.

However, to be sure just give us a call!

Call:1-866-TURNKEY

In most cases there is no mileage restrictions. this is depending on the state.

Yes, your driving record can impact both the eligibility and costs of classic car insurance, just as it does with standard auto insurance policies.Typically consider factors such as:

1. Driving History: Insurance companies will assess your driving history, including any accidents, tickets, or citations. A clean driving record with no accidents or moving violations may improve your eligibility and help lower your insurance premiums.
2. Claims History: Insurance companies may also consider your claims history, including any past claims you've made on your insurance policies. A history of frequent claims could potentially impact your eligibility or lead to higher premiums.
3. Age and Experience: Some insurance companies may consider your age and driving experience when determining eligibility and costs. Younger drivers or those with less experience may face higher premiums, regardless of the type of vehicle being insured.
4. Usage: How you plan to use your classic car can also affect your insurance costs. If you plan to use the vehicle for daily commuting or extensive driving, your premiums may be higher compared to occasional recreational use or participation in car shows.
5. Storage and Security: Insurance companies may inquire about where you plan to store your classic car and what security measures you have in place to protect it from theft or damage. Keeping the vehicle in a secure garage and installing anti-theft devices may help lower your premiums.

At TurnKey, we're not just insurance agents; we're fellow collectors, racers, and enthusiasts. Our deep-rooted understanding of the collector car world means we're not just safeguarding possessions; we're protecting legacies...and we've got YOUR BACK!

Choose which you need and give us a call! CLICK HERE