How Mileage Affects Classic Car Insurance Rates.

Owning a classic car is like owning a piece of history, representing timeless elegance and craftsmanship. However, along with this pride comes the responsibility of protecting your vintage beauty with the right insurance coverage. In this post, we’ll discuss how mileage affects classic car insurance rates and what you can do to ensure your prized possession is adequately protected.

1. Understanding Mileage: Classic cars are usually driven for special occasions rather than daily commutes. Insurers recognize this and offer specialized policies tailored to classic car owners’ unique needs.
2. Low Mileage Discounts: Classic car enthusiasts often maintain low mileage, averaging around 2,500 to 5,000 miles per year. This reduced usage results in lower insurance premiums due to lower accident risk.
3. Agreed Value Policies: Unlike standard auto insurance, classic car insurance typically includes agreed value policies. You and your insurer establish the car’s value upfront, ensuring it’s insured for its true worth regardless of mileage.
4. Storage and Usage Requirements: Insurers may require secure storage and limited usage for classic car insurance. For example, storing the car in a secure garage when not in use helps protect it from theft or damage.

Understanding how mileage affects insurance rates and meeting storage and usage requirements ensures your classic car is adequately protected. For a quote or more information on classic car insurance, contact us at 1-800-683-1165. We’re here to help you safeguard your automotive treasure for years to come.