Why Classic Cars Are Insured Differently

Classic and collectible cars bring a great deal of joy to their owners. Sure, they can be a lot of work, but classic cars often bring smiles to those who view them and can be a good investment for those who buy them.

If you own or are considering buying a classic car in Las Vegas, NV, you should know that insurers treat these cars a bit differently. You should also know All Nevada Insurance Inc. can help ensure your car is adequately insured.

Classic cars are driven less frequently.

Since classic car owners don’t like putting their cars at risk, they are driven less often. They are often towed or tailored to destinations. This can make them a bit more affordable to insure. Since they are not driven on public roadways as frequently, they are less subject to being damaged in a car accident. 

They are often stored more securely.

Classic cars are often stored in secure locations, perhaps climate-controlled ones. This reduces their risk of theft, vandalism, and even fire.

Restored classic cars are worth more than their cousins.

Classic cars are frequently worth far more than daily drivers. They can be more expensive to repair and replace. You want to discuss your vehicle’s actual value with your insurance agent. Book value will likely be inadequate.

Insuring your specialty vehicle.

If you have a specialty vehicle like a classic car, take the steps necessary to protect that investment fully. All it takes is a call to All Nevada Insurance Inc. Let’s discuss your vehicle and its risks, and we can prepare a quote for your specific classic car.