There’s no doubt about it, classic cars draw the eye and can get the heart beating. Head to a classic car show or cruise night, and you’ll often catch plenty of people taking in the sights and sounds. Many famous celebrities also own extensive classic car collections. Given how valuable these collectible cars are, you can bet they insure those collections with classic car insurance. Get in touch with Marla Williams Agency, serving Kansas, to discuss classic car insurance policies.
Yet why are classic cars so valuable in the first place? Let’s explore some possibilities.
Classic Cars Are Part of History
People simply love history, and many different types of collectible antiques are popular. Museums, likewise, have been set up largely to allow people to peer back in history. Classic cars, meanwhile, are part of automotive history. Often, the most valuable classic cars are those, like the Chevrolet C1 Corvette, that played a pivotal role in shaping automotive history. If you own such a piece of history, it’s wise to protect it with classic car insurance.
Classic Cars Reflect Culture
Check out your favorite classic movies, and there’s a good chance you’ll spot some of your favorite classic cars. The 1974 film “Gone in 60 Seconds,” featured a 40-minute car chase starring a 1971 Ford Mustang nicknamed Eleanor. At the end of the day, many cars are simply cool, and that makes classic autos classic cool.
They Can be Great Investments
No more 1967 Dodge Darts are going to be manufactured. While many tens of thousands of them were once assembled, that stock has steadily declined over the years. Rarity often pushes value up, so classic Dodge Darts and other classic cars have slowly become more valuable with time.
If you have or are looking to invest in a classic car in Kansas, you’ll want to take out classic car insurance. Contact Marla Williams Agency to learn more.
An appraisal is an expert estimate of the value of your classic car. A professional third-party appraiser researches and analyzes the condition of your car and determines its worth in current market conditions. Classic cars are unlike newer vehicles in that you may not be able to estimate their value by looking at the make and condition of the engine. The third-party appraiser will look at the interest in the old model, its rarity, history, and likely price should you sell it.
When applying for classic car insurance, having the car appraised by an expert in the same market in Kansas is important.
Here are the roles the appraisal plays in your car insurance:
Determine the Replacement Cost
This will give a rough estimate of the value of the vehicle. It gives the insurance provider an idea of the replacement cost if you lose your car or it gets totaled in an accident. You want to make sure that the exact value of the car is captured in your replacement estimate so that you do not suffer a loss.
Get the Right Premiums
In addition, the vehicle’s value will enable us to assess the risk involved in insuring your vehicle. This helps in calculating your insurance premiums. Appraisals ensure that you are not overcharged for premiums.
Capture Your Investment in the Vehicle
Most classic cars require restoration, which can be an ongoing business. An appraisal enables you to cover the extra investment you have put into the vehicle so that it is captured in the insured value. If you continue improving the classic car, consider an appraisal before renewing your insurance policy.
Marla Williams Agency Is Here To Help!
Consider having your classic car appraised by a professional company, even if your insurance provider does not require it. When you want the right insurance cover for your classic car in Kansas, contact Marla Williams Agency for a quote and advice. Our team will guide you through the process and answer your queries.
Classic cars need special insurance coverage to protect them from risks on and off the road. However, classic car insurance is different than regular auto insurance. The insurance company bases its cover on the assessed value of the car. Additionally, some stipulations for coverage may include limiting the mileage annually. If you need classic car insurance, let the experts at Marla Williams Agency, serving the residents of Kansas, help you get the ideal coverage.
Classic Car Coverage
Classic car coverage varies with each company. Many companies may limit the number of miles you drive each year. That’s because it’s standard practice to limit the mileage to less than 5,000 miles yearly to maintain the vehicle’s value. Not all insurance companies have a mileage limit, however.
If you need classic car insurance, our experts can help. We can work closely with the classic car owner to determine which policies offer the best coverage. Remember that selecting the right policy is vitally important to ensure you get the best level of protection. That’s why you need our agents’ expert insight and customer support service. They know the ins and outs of classic car insurance and can make sure you understand the policy terms and conditions.
Contact Us Today
If you want to learn more about classic car insurance or any other insurance products we offer, call or stop by the office of Marla Williams Agency. We serve the state of Kansas and will help you find the ideal coverage to provide security and peace of mind. Get the coverage you need to protect your valuable investment from accidents, theft, and other covered events.
You love taking your classic car for the occasional weekend romp or showing it off at nearby car shows. However, you may worry about whether you have sufficient insurance to cover your expenses in the event of damage or loss. Fortunately, the insurance agents at Marla Williams Agency help drivers in Kansas determine whether their car qualifies for classic car insurance and the type of protection needed to give you peace of mind.
Is Your Car a Classic Car?
Classic cars include muscle cars and hot rods. These cars have different insurance requirements than the ones you drive every day. Although there are various definitions of what makes a car “classic,” the one that matters is what your insurance company considers classic.
In general, vehicles eligible for classic car insurance include antique cars 25 to 30 years old (or older), hotrods (“souped” up vehicles), luxury vehicles, classic trucks, and muscle cars. Some insurers also cover classic motorcycles, antique tractors, and military vehicles.
How to Qualify for Classic Car Coverage
Meeting the above factors can help you qualify for specialized insurance. Since classic vehicles cost more to repair or replace, insurance providers have additional requirements regarding usage and storage.
You cannot use your classic car for everyday use. Most policies include mileage limits. When you attend car shows and auto club events, many classic car policies cover your travel back and forth as an exception to this rule.
You also need to show that you store your vehicle in a protected environment, such as an enclosed, locked, and private storage unit or garage. In addition, if you have a good driving record, you have an excellent chance of obtaining classic car insurance.
Classic Car Insurance in Kansas
While not all vehicles qualify for vintage car insurance, yours might. Contact Marla Williams Agency to speak with a knowledgeable representative. We want to help you understand and procure classic car insurance so that you don’t miss a single car show.
When you’re driving down the road and see a classic car, you can’t help but admire it. These beautiful vehicles have style and grace that is unmatched by modern cars. Owning a classic car is a dream for many people, but it comes with a price tag. Classic car insurance can be expensive, so is it worth it? In this article, we’ll explore the pros and cons of classic car insurance and help you decide if it’s right for you.
The Pros of Classic Car Insurance
There are a few things to consider when weighing the pros and cons of classic car insurance. The first is that classic cars are usually worth more than modern cars. This means that if you have a classic car, you will likely need to insure it for more money than you would a regular car. Marla Williams Agency in Kansas can help you get the coverage you need for your classic car.
Another pro of classic car insurance is that it can provide coverage for things that regular insurance doesn’t. For example, classic car insurance often includes agreed value coverage. This means that you will receive the full agreed-upon amount for your vehicle in the event of a total loss. This can be a huge benefit if your car is totaled in an accident or stolen and never recovered.
The Cons of Classic Car Insurance
Of course, there are also some drawbacks to classic car insurance. The biggest downside is the cost. Because classic cars are worth more than regular cars, they often come with a higher price tag. This means that you will likely pay more for your premium than you would for a regular car.
Another downside of classic car insurance is that it can be difficult to find. Not all insurance companies offer coverage for classic cars, so you may have to do some searching to find a policy that’s right for you.
Give Us A Call
Classic car insurance can be expensive but offers some benefits that regular insurance doesn’t. If you’re considering insuring your classic car, Marla Williams Agency in Kansas can help you get the coverage you need. Give us a call today to learn more about our classic car insurance policies.