Classic cars are more than just vehicles. For most classic car owners, these vehicles are both hobbies and investments. Classic cars require special insurance coverage. At All Around Insurance Agency, serving Katy, TX, we want to help our customers make the best insurance choices possible. Let’s look at three factors to consider when buying classic car insurance. 

Real Vehicle Value

Car insurance policies are often based on the value of the vehicle. This can be tricky to determine with classic cars, though. Classic cars are valued very differently. This is why traditional car insurance is often not adequate. You’ll want to have the classic vehicle adequately evaluated by an insurance professional to get the right value and amount of coverage. 

Specialized Restoration 

It’s also important to consider any special restoration work that has been done to the car. This can greatly affect the overall value of the vehicle. You’ll want to discuss these types of details with an insurance representative. It’s also essential to have proper proof of the work done. This is one reason why you should always keep up with your documentation of these vehicles. 

Towing and Parts

If the vehicle requires specialized towing or parts, this should also be considered in the valuation and coverage of an insurance policy. Many classic cars cannot be towed or should not be towed in the same way as other vehicles. Finding specialized parts for repairs can also be difficult, so getting proper coverage in the event of an accident or damage will need to be taken into consideration. 

If you’d like to learn more about classic car insurance, please contact us at All Around Insurance Agency, serving Katy, TX, and the surrounding areas. 

Our team at All Around Insurance Agency is staffed with car lovers who know that Katy, TX Porsche owners want protection for their classic vehicles. Thankfully, we can help you find classic car insurance that can ensure that your Porsche stays strong, no matter how many shows you attend.

Is Your Porsche a Classic?

The reputation for excellence that comes with the Porsche name means that just about every vehicle they make is eventually termed a classic. Put more simply, a classic car is a vehicle that’s between 10 and 25 years old that collectors may want. That likely means that your Porsche qualifies.

If you’re not sure, it’s important to talk to your insurance provider or car specialists to gauge whether or not your vehicle is a classic. If it is, you need to switch your insurance over to a specialized classic policy. There’s a good chance that your Porsche needs this high-quality protection. It:

• Minimizes Travel Risks: Are you someone who loves going to classic car shows with your Porsche? Your insurance includes car show protection that should keep you safe.
• Replaces a Vehicle: What happens if your Porsche suddenly fails or gets totaled in a crash? Classic car insurance can replace it.
• Makes Your Trips Easier: If you love to travel with your classic Porsche, great insurance will keep you safe when you take your car out for a little cruise.

We’re Here for You

If you own a classic Porsche and you want an insurance policy to keep it safe, please call us at All Around Insurance Agency to learn more. We can help Katy, TX residents find the policy that they need at a price they can afford and ensure that your insurance meets your unique needs as a person.

For all roadsters and those involved in the classic car clubs across America, there are a few things to know before getting classic car insurance in Katy, TX and all around the state. Most states follow the same laws regarding classics and getting them insured. 

A classic vehicle is defined as any vehicle older than 25 years after manufacturing. Having the same insurance or coverage as newer model cars is not required. However, there are unique options that insurance companies can offer that suit the owner’s needs.    

Owners with Regular Vehicle Insurance

Most everyone needs a vehicle to get from one location to another. Many drive daily for work or personal needs, making the vehicle the primary vehicle. Insurance companies look at how much the car is on the road and estimate how many miles a vehicle will cover in one year to determine the underwriting of the policy. Liability is necessary, while comp and collision are optional unless the car is financed.  

Having Classic Car Insurance

Classic cars are not the primary vehicles for use and are mainly used for showing or taking out for a joyride. Premiums are not as high because the car is not driven for long distances. Like regular insurance, liability is necessary, but the rules are not as strict. Most of the time, these vehicles are primarily for show. The time spent on the road makes it less of a hazard as some states only allow the car to go on the road no more than once a week. 

All Around Insurance Agency Can Cover Classic Car Insurance

At All Around Insurance Agency, we can offer classic car insurance and most of your insurance needs. Contact us for more information concerning your classic car coverage for Katy, TX and surrounding areas. 

Do you own a classic car? Or are you thinking about purchasing one? Did you know that these collectibles require specialized insurance coverage? If you live in or near Katy, TX, our team of insurance experts at All Around Insurance Agency can explain what coverage is best for your classic car.

Classic Car insurance: What You Need To Know

A classic car is typically older than 25 years old. It would be regarded as an older car that would be of historical interest to the collector and be restored and not scrapped. Classic cars are considered a subset of the category of “collector cars”.  A subset of classic cars is vintage or antique cars.

To qualify for classic car insurance, it cannot be your everyday mode of transportation and cannot be driven more than 5000 miles annually. Although it can vary by insurance carrier, a classic car needs to be over 25 years old.

This specialized classic car coverage protects your collectible with liability, collision, comprehensive, and other coverage. Antique cars hold and often increase in value. So, the insurance for them will cover up to an agreed-upon value as dictated by the insurance company and the owner. Regular car insurance does not provide as much coverage.

Antique or classic car insurance is cheaper than regular car insurance, as you are not driving the vehicle on a regular basis. Another big difference between regular car insurance and classic car insurance is the way the value of the car is determined. Standard car insurance depreciates the value of the car. The older a car is, the lower its replacement value is, if in an accident. The value of a classic car will almost always go up if it is maintained.

Get Coverage For Your Classic Car Today

Let the professionals at All Around Insurance Agency protect your classic car in Katy, TX. Contact us today. You will be glad you did.