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.
