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February 3, 2021 9:50 AM Jason Metz - Forbes Advisor
Posted:
Updated:
February 4, 2021 6:32 PM
If you own a classic car like a 1965 Ford Mustang or a 1955 Chevrolet Cameo, you’re probably going to want classic car insurance. Traditional auto insurance policies are generally insufficient for classic vehicles. That’s because classic cars often rise in value over time, while regular cars depreciate.
Classic car insurance isn’t limited to old roadsters, antique pickup trucks and vintage muscle cars. What qualifies as a “classic car” varies by car insurance company, which might include “modern classics” and even replicas of classic cars.
If you’re a classic car owner, collector, enthusiast or hobbyist, or you’re restoring a classic car for weekend pleasure cruising, here’s what to know about classic car insurance.