There is nothing more exciting than seeing a classic car rolling down the road. If you are a proud classic car owner you want to do everything you can to protect your investment. You keep it clean and well maintained, but do you have the proper insurance for your beloved classic?
Traditional auto insurance policies will usually cover your car for its depreciated, or market, value. Collector car insurance can cover your classic vehicle for an agreed, or guaranteed, value that is mutually agreeable to you and your insurance company. Collectible cars can increase in value, especially if they are well maintained and/or restored. So it is important to have the right insurance coverage for your classic car!
In Massachusetts, a car has to be at least 25 years old to qualify for an antique automobile insurance policy. Other newer collectible cars may also be eligible. Our agency works with Hagerty Insurance and they require that a collectible car not be used as a primary driving vehicle. All drivers in the household should have their own primary vehicle to drive. Typically there will be an mileage restriction for the antique vehicle. This restriction can vary, but generally the annual mileage should not exceed 5,000 miles per year.
Babineau Insurance Agency loves our classic cars and we know you do too! If you have any questions regarding collector car insurance, please give us a call at (978) 345-4303 or visit us online at www.babineauinsurance.com/auto/ and we will be happy to assist you.