Though most people purchase cars strictly for getting from point A to point B, there are some individuals who also collect old cars, fix them up, and either drive them occasionally or enter them in car shows. These types of vehicles often require a specific kind of cheap car insurance in San Diego. Drivers who own classic old cars should keep these 5 considerations in mind.
1. You Might Not Want to Let Friends Drive Your Classic
Some collector car owners enjoy letting their friends take their sweet ride around the block, but keep this in mind when perusing through the fine print: a classic car policy may require the owner to be present or perhaps even driving any time the vehicle leaves the garage.
2. The Car Might Need to Stay in the Garage
San Diego car insurance providers may require you to keep your collector vehicle in a completely enclosed building secured with a lock. The most common solution would be a garage. However, if you don’t have the space, you might want to consider keeping the vehicle in a storage facility.
3. Value Can Vary
The carrier you choose comes with commitments. Make sure the provider agrees with your value of the car, which is called agreed value coverage. Depreciation is not an issue with collector models. In fact, it’s actually the opposite. When your car’s value increases, keep your agent in the loop to get the most out of your policy.
4. There Are Limits to How Often You Can Drive
The two most common limits for driving classic vehicles are 5,000 and 10,000 miles per year. If you don’t drive your classic too often, you likely don’t need to worry about this. However, if you like to flaunt your prized possession throughout the neighborhood on a regular basis, check your policy to make sure you’re not exceeding the mileage limits.
5. The Age of the Vehicle Matters
After researching the specific coverage you want and negotiating how often your car can be on the streets, there’s one final test. To qualify as a classic, most insurance companies require the vehicle to be at least 10 years old. To be considered an antique, 25 years old is usually the starting point.
If you’d like to learn more about collector car insurance, contact American Tri-Star today at 619-272-2100. We also offer online auto insurance quotes San Diego vehicle owners can take a look at. Get in touch with one of our friendly and knowledgeable agents today.