Category: Classic Car Insurance

If you plan on purchasing a classic car in the near future, find out about the type of insurance coverage that you need. Then, consult with an insurance agent about the insurance policy that you would like to purchase.

Classic Car Value

The value of a classic car is often higher than the value of a standard automobile. A classic car owner should consider investing in classic car insurance. This type of insurance provides enough coverage for a valuable vehicle.

This type of insurance will protect a classic vehicle from theft or damage. If a classic car is involved in an automobile accident, the insurance coverage will pay for damages that have been incurred.

Driving Habits

Your driving habits may influence the amount of coverage you need. Hermes Insurance Solutions serving Sanger, TX will provide you with a free consultation.

During the consultation, you will need to answer some questions about your car. An agent will inquire about how often and the distance you drive.

Your Policy

After you have spoken with an agent, you may be ready to purchase the classic car insurance policy. After you have reviewed the policy’s documents, you will need to sign them. Keep one copy of your insurance policy in your classic car at all times. 

Changes

If you move, sell your car, or would like to increase your coverage, contact one of our agents. The agent will modify your existing insurance policy.

Consult With Us

Hermes Insurance Solutions in Sanger, TX can assist you with any questions or concerns that you have with your classic car insurance policy. 

Yes. Classic and antique cars’ value increase over time. Ordinary cars don’t. A thing with historical value or limited production is considered valuable and should be insured. Here is more information from Hermes Insurance Solutions serving the greater Sanger, TX community.

Why Classic Cars Are Different

Age has the most to do with it, but classic cars are stored in temperature-controlled environments for a reason. Moisture damages pretty much everything.

Your classic car is only used for local car shows, and you only drive it on the weekends. You must move the tires and run the car to keep it viable. There isn’t a speck of rust on her. 

These circumstances make the car special, and it will be insured as such. Here is more about the difference between classic and regular car insurance.

Why Classic Cars Are Insured Differently

1. Something in daily use can become damaged. Driving your modern car daily puts it at risk of a crunch-up. Additionally, modern car parts wear out quickly. 

Classic cars: alternatively, driving a classic car on the weekends or to car shows doesn’t wear out the gears or major parts as fast.

2. Everyone drives their car at speed. We expect it, and we drive accordingly (either defensively or damn the torpedoes, full speed ahead.)

Classic cars: the classic car is important to us, so we drive carefully and defensively (the parts to repair a crunch-up are harder to find.)

3. When a modern car is totaled, the insurance company gives you its worth at that time.

Classic cars: classic vehicles appreciate in value. The company will pay you the agreed price you both set when you begin the policy.

We Are Here To Help!

Hermes Insurance Solutions in Sanger, TX wants your classic car to be well protected. The right insurance is a large part of that, so drop by the office or give us a call to learn more about it.

Much like your ride, classic car insurance never goes out of style.

Serving the greater Sanger, TX community, our experienced agents at Hermes Insurance Solutions can build you a customized insurance policy from the ground up. To help determine what coverage is best for you,  here we answer five common questions about classic car insurance.

FAQs

What is classic car insurance?

Classic cars are special. Your insurance should be too. Classic car insurance is crafted specifically for owners of vintage vehicles. These policies will share some similarities with traditional auto insurance. However, there are much greater options and specialization.

How is classic car insurance unique?

Classic car insurance differs from standard auto policies by using a principle called "agreed value coverage." When purchasing insurance, your car’s monetary value is decided by you and your agent. This is usually set by a professional appraisal.

What types of vehicles are protected?

Classic car insurance is usually divided into three categories: exotic, antique, and custom. These distinctions are mostly influenced by a vehicle’s age. Modified and custom vehicles are the trickiest. That’s because these changes can both add or detract from its value.

What cars are eligible?

Your ride must meet certain qualifications. First, your car must fit into one of the previously-mentioned groups. But there are restrictions based on use too. Classic car insurance only applies if it isn’t your primary vehicle. You must have another car for daily use.

How much does classic car insurance cost?

Rates are determined by a car’s make, model, and total mileage. However, classic car insurance is typically less expensive than traditional auto insurance. 

Get The Right Coverage For Your Vintage Vehicle Today

Luckily, Hermes Insurance Solutions in Sanger, TX serves up more than just answers. Their team can craft a classic car insurance policy that’s perfect for you and your vintage ride. Schedule an appointment today.