Category: Classic Car Insurance

Although you can bundle your classic car with other autos you own in Spokane, WA, separating your prized vehicle into a different policy can provide unexpected benefits. Most likely, you rarely drive your classic car, but you’ll still need to protect it adequately. Capital Insurance can outline why safeguarding your vehicle with a classic car policy makes sense.

What is a Classic Car?

In Washington State, a classic car must be at least 30 years old, capable of operating on a roadway, and owned as a collector’s vehicle. These requirements limit the car’s use. You can only operate your vehicle for auto shows, club activities, parades, special exhibitions, and similar events. Additionally, each company insuring classic cars has specific requirements, so you’ll have to meet those requirements to get a policy.

The Differences in Classic Car Policies

Some companies specialize in insuring these vehicles because they understand the differences between them and cars and SUVs used for transportation. You’ll often find that it will cost less to insure your classic vehicle with a specially designed policy. The most significant reason for this is that owners don’t drive these cars much. Thus, they have less risk of getting into an accident. Other major differences include the following:

• Insuring the vehicle to its agreed value
• Payment for original parts if the car is damaged in a covered incident
• Your insurer may require vehicle storage in a safe place when not used
• Optional higher coverage when your vehicle is under construction

Some policies may also have annual mileage restrictions and require proof that you have a vehicle for everyday use.

Discover how you can benefit from securing a classic car insurance policy. Schedule a consultation with the agents at Capital Insurance, serving Spokane, WA, to get started on your coverage.

Our team at Capital Insurance has helped many Spokane, WA classic car owners get high-quality insurance policies over the years. But what exactly qualifies a car as classic? Let’s take a deep look at this unique subject to find out.

Classic Cars Vary Based on Many Factors 

Age is a big defining factor of what makes a car a classic. Loosely defined, a classic car can include antique, vintage, or collector vehicles that are between 10-25 years old. From 25-40, you’re looking at an antique car, while a vintage vehicle is any produced around 1919-1930 or so. 

A “collector” car is often a vehicle that’s in high demand with many buyers. For example, the 1963 Mercedes Benz 300SL is always in high demand and is considered a classic. Thankfully, vehicles like these have specialized insurance protection that can keep them safe from damage.

How Classic Car Insurance Protects You

High-quality classic car insurance is designed to provide unique and effective coverage suited specifically to its needs. Just a few issues that it can help you manage include various expenses and dangers as diverse as:

• Higher Liability Costs: Your car needs to be carefully protected from liability issues with classic policies.
• Travel Expenses: When traveling or shipping your car from shows, you need insurance to stay safe.
• Replacement Help: In situations where your classic car is totaled, replacement coverage can help.
• Loss of Use Coverage: If your vehicle is so damaged you can’t use it, this protection can help you.

Find a Policy You Can Trust

With the help of our team at Capital Insurance, you can get your classic car insured in Spokane, WA. We provide service in and around this area and are more than comfortable working with you. Please don’t hesitate to call or email us to learn more about the ways we can help you out here.

Owners of classic cars in Spokane, WA should carry an appropriate insurance policy. Capital Insurance can provide you with a classic car insurance policy that meets your unique insurance needs.

The following are four reasons why it’s important to have classic car insurance:

Owning a classic car is different from owning a regular vehicle. 

Your insurance needs aren’t the same with a classic car as they are with a regular vehicle. A classic car insurance policy is customized for the unique insurance needs of classic car owners. 

You need to protect the value of your classic car.

Classic cars are generally worth more than regular vehicles. You need more collision and comprehensive coverage to cover the full value of a classic car. Fortunately, a classic car insurance policy can protect your classic car up to its full value. 

You are required by law to insure your classic car if you take it out on public roads.

You must have some type of car insurance to legally drive your classic car on public roads. A classic car insurance policy will meet the state-mandated liability coverage requirements for you. 

Classic car insurance can take into account the time your classic car is in storage.

A lot of classic car owners don’t drive their classic cars during the winter months. Instead, they keep their vehicle in storage during this time. A classic car insurance policy can be designed to take into account the reduced usage of the insured vehicle during times of the year when the vehicle is in storage. 

Give Us A Call

At Capital Insurance, we’re happy to provide you with the classic car insurance that you need. We insure classic car owners just like you in Spokane, WA. Get in touch with us so that you can get a quote on a policy that insures your classic car. 

If you are a classic car enthusiast you understand that a classic car carries a value that is far different from a regular car. What you may not know is that this means you need special insurance coverage as well. At Capital Insurance, serving Spokane, WA, and the surrounding areas, we can help you better understand your classic car insurance needs.

Classic Car Insurance FAQs 

Can’t I Carry A Regular Auto Policy?

You can carry a regular auto policy on a classic car. However, this type of policy will not provide the proper amount of insurance coverage. The reason for this is that classic cars are not valued the same way regular cars are. There is a lot of time and money invested in classic cars. Classic cars are also sold or traded differently than regular cars. All of these factors give the vehicle a special valuation system. A classic car insurance policy will take this information into consideration. 

How Much Coverage Do I Need?

The best way to determine classic car coverage is to sit down with a knowledgeable insurance representative. This professional will be able to evaluate the car and determine the appropriate amount of insurance needed. 

What Information Should I Provide?

To get the best value understanding for your vehicle, you will need to provide the insurance representative with information concerning the purchase of the car, any money you have invested in the car. You may also want to provide information concerning the current value of the vehicle for collectors locally. 

If you would like to learn more about classic car insurance, or any of our other insurance products, please contact us at Capital Insurance serving Spokane, WA, and the surrounding areas.