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Antique Auto Insurance – Classic Car Coverage and Peace of Mind

By Hannah Brown, Newburyport.Com Correspondent, Regional Sales Executive, Personal Lines
I’ve worked in the insurance business for over 15 years and held many different positions within the industry. Working for Cross Insurance has afforded me the resources to put my knowledge to use within the community. What drew me to Cross Insurance was the ability to help people with any insurance need they may have, while still maintaining the feel and service of a small agency. I want to fully protect my clients but also educate them about the coverage we provide. It’s important to me that they feel a part of the process. At the heart of it all, Cross is a family owned business who values hard work and relationships. We look forward to not only helping people in the area protect the things that are most valuable to them, but also to exploring and supporting our new community.
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antique auto insurance, classic car coverage Newburyport, MA

Antique Auto Insurance for Classic Cars in Newburyport, MA

If you have an antique or classic car and live in the vibrant city of Newburyport, it’s time to start thinking about getting your car ready to hit the road. What is more picturesque than an antique auto parked by the coast? In this article you can find information about what types of classic car coverage there are, what conditions and/or requirements may need to be followed as part of an antique auto insurance policy, when you should have coverage, and some other considerations you may want to keep in mind when looking for insurance for your custom or antique vehicle.

What does Antique Auto Insurance Typically Cover?

While the uses of your classic car and daily driver differ greatly, the basic coverages available for both are quite similar. Depending on your needs and wants, the following are some of the typical areas of coverage that are included in antique auto insurance.

  • Bodily injury liability
  • Property damage liability
  • Comprehensive insurance
  • Collision insurance
  • Medical Payments
  • Uninsured motorist coverage
  • Underinsured motorist coverage

Antique Auto Insurance Quotes for Newburyport

Your classic car is not just a machine that you have spent hours caring for and restoring, but it is a piece of your history, something that mayCruisin the 50's Car Show Antique Auto State Street North hold sentimental value to you. Your antique auto may also be an investment that you want to protect and care for. Cross Insurance can help you explore your options when it comes to classic car coverage.  To find out more, contact your local Newburyport Cross Insurance today.

Classic Car Coverage Options

There are several additional coverage options that are typically optional when searching for antique auto insurance. These may include agreed value, tiered mileage plans, spare parts coverage, worldwide coverage, multiline discounts, and auto show medical. Below we will outline each coverage.

  • Agreed Value

Agreed Value is the amount that you and your insurer agree your vehicle is worth when you purchase your insurance policy.

  • Car Show Coverage

Is there a car show happening in Newburyport you are looking forward to attending? Car show coverage can help provide protection in the event that someone is injured by your vehicle while it is at an automobile show or exhibit.

  • Parts Coverage

Having classic car parts coverage can help provide you with monetary assistance when a qualifying event occurs and your vehicle’s parts are destroyed, damaged, or stolen.

  • Tiered Mileage

Depending on how much you drive your antique auto, you could potentially benefit from lower or tiered mileage plans. Agreeing to limit the number of miles you put on your classic car every year can potentially help your rates.

  • Worldwide Coverage

If you plan on traveling out of Newburyport and out of the country for shows or events with your vehicle, you should seriously consider worldwide coverage. Your general auto policy is usually restricted to inside the U.S., resulting in a need for this coverage if you plan on taking your classic car outside of the country.

Should I Keep My Antique Auto Covered Throughout the Year?

Cruisin the 50's Car Show Antique Auto State Street NorthIf you’re in Newburyport you may just drive your car during the summer season, but just because you don’t drive your vehicle during the winter months doesn’t mean you shouldn’t keep your antique auto insurance throughout the year. Although your antique or classic car may be stored safely away while not in use, there is always the possibility of an unfortunate event such as fire, theft, or an “act of God” occurring. Taking your coverage off your ride can leave you vulnerable, and there is sometimes a misconception that your homeowners policy will cover a vehicle stored in your garage. In fact, homeowners insurance typically will exclude coverage for motorized vehicles meant for the road.

What category does my vehicle fall under?

In car culture, there are various ways to describe and categorize your ride. Someone from Newburyport, MA may call their vehicle one thing, while another in DeLand, FL may call it something different. No matter what category your ride may fall under, if your vehicle fits one of these descriptions you should contact Cross Insurance Agency in Newburyport to see what classic car coverage options may be available.

  • Antique and Classic Cars (Typically 25 years and older)
  • Hot Rods or Modified Vehicles
  • Classic Military Vehicles
  • High-End Exotic Cars
  • Collector Trucks, SUVs, and Tractors

Qualifications for Antique Auto Coverage

There are various conditions and/or requirements that may be required by insurance carriers for your vehicle to be considered for classic car coverage. Some of the typical carrier requirements include (but are not necessarily limited to):

  • The vehicle may need to be stored in an enclosed structure, carport, parking garage, or storage unit.
  • You as the driver may need to meet eligibility requirements, such as not having any serious traffic infractions (such as alcohol related offenses, reckless driving, or outstanding speed violations) on your record.
  • The vehicle may need to meet age requirements, for example being 25 years or older or 20 years old with collectible value.
  • The permissible use of the vehicle may be limited, such as use only for exhibitions or pleasure/leisure activities and not as your primary mode of transportation.
  • You may not be able to use the vehicle for racing.
  • The annual on-road mileage may be limited.

How to Save on Antique Auto Insurance

One way to save on insurance for your classic car is by bundling it with another policy. Many insurance carriers will offer discounts for having more than one policy through them. For more information on our motorcycle, boat, and other bundling options, click here.

Comparing quotes from different insurance carriers, like the ones we work with, can be another way to save on antique auto insurance.

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.