Classic car insurance is often misunderstood by many. Not every car is eligible for this specialized insurance. However, there are general guidelines that typically distinguish an old car from a classic car. Our team at Bartal Insurance understands that understanding classic car insurance can be confusing. We’re dedicated to helping Scranton, PA residents understand classic car insurance.

What is classic car insurance?

Classic car insurance is designed for cars that are fifteen years or older, not driven daily, and in near-mint condition. Obviously, not every car fits the description. This is why not every old car is eligible for classic car insurance. Classic car insurance works similarly to conventional car insurance in that it provides liability, collision, and comprehensive coverage.

However, the similarities end there. Unlike conventional car insurance, classic car insurance covers your older car at a monetary value that’s agreed upon by both the car owner and the insurance company, whereas conventional car insurance assesses the actual value of your car according to age and condition. For example, if you’re in a wreck and the damage exceeds the actual value of your car, your insurance company will not pay for the repair of your car, hence the term "totaled."

Also, classic car insurance offers other specialized benefits unique to classic cars. Conversely, classic cars actually increase in value or actually maintain their value. Also, classic car insurance is not designed for cars that are driven daily or used as a primary form of transportation. This is one reason why classic car insurance is often cheaper than conventional car insurance.

Is my old beat-up Volkswagen Beetle eligible for classic car insurance?

Probably not. If you have an old car that’s driven daily or frequently, and not in good condition. Many classic car insurance companies will likely deem it ineligible for classic car insurance. It should also be noted that every classic car insurance company has its own criteria for what is classified as a classic car. Although there are a few general guidelines that determine if a car can be considered a classic, the real determination lies in the hands of the specific classic car insurance company.