Insuring Classic and Modified Vehicles

Insuring classic and modified vehicles requires a specialized approach that recognizes their unique value and characteristics.

Classic Cars

Classic vehicles, typically defined as cars that are at least 20-25 years old and have historical interest, require specialized insurance policies. Unlike standard auto insurance, classic car insurance considers the vehicle’s value, which often appreciates over time.

This type of insurance typically offers agreed value coverage, meaning the insurer and the owner agree on the car’s value at the time the policy is written. In the event of a total loss, the owner can receive the agreed-upon amount, providing peace of mind that the vehicle’s true worth is recognized.

Modified Cars

Modified vehicles include any car that has been altered from its original factory specifications. These modifications can range from performance enhancements to aesthetic changes. Insuring a modified vehicle can be more complex due to the unique nature of the alterations.

Standard auto insurance policies may not fully cover the value of the modifications, leaving owners at risk of significant financial loss in the event of damage or theft.

Specialized insurance for modified vehicles often includes coverage for the custom parts and modifications. This helps ensure that the investment in upgrades is protected. When seeking insurance for a modified vehicle, it is essential to provide detailed documentation of all modifications, including receipts and photographs.

Additional Benefits

Both classic and modified vehicle insurance policies typically offer additional benefits tailored to the needs of enthusiasts. These can include coverage for spare parts, tools and even the cost of attending car shows. Additionally, many insurers offer flexible usage terms, recognizing that these vehicles are often driven less frequently than daily drivers. This can result in lower premiums, making specialized insurance an attractive option for classic and modified car owners.

Another important aspect of insuring classic and modified vehicles is the availability of expert claims handling. Insurers specializing in these types of vehicles often have dedicated claims teams with extensive knowledge of classic and modified cars. This expertise ensures that any claims are handled with the care and attention these unique vehicles deserve.

Contact Us

Contact Contigo Insurance for an auto insurance quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.