If you own a classic car in the greater Wheat Ridge, CO area, it’s important to understand that your classic automobile needs more than a traditional auto insurance policy. A traditional policy does not consider all of the modifications and restoration that may have been done to your classic car, whereas classic car insurance does. Mileage greatly affects these types of car insurance policies. Here’s more information as to how.

How Mileage Affects Classic Car Insurance Policies

When it comes to classic car insurance, mileage plays a crucial role in determining the policy terms and premiums. Classic car insurers typically offer lower rates for vehicles that are driven less frequently, as limited mileage reduces the risk of accidents and wear and tear. Due to their age and environmental impact, classic cars typically are not driven frequently, which is why these types of policies work well for classic automobiles. Policies often include mileage limits to qualify for these specialized rates, reflecting the vehicle’s use mainly for exhibitions, parades, and occasional pleasure drives. Understanding these limits and accurately reporting your classic car’s mileage is essential to maintaining appropriate coverage and benefiting from reduced premiums.

Always Check the Mileage Restrictions

When purchasing a classic car policy, it’s important to always check the annual mileage limits. If you drive your car more frequently, your rates can be raised, so always ensure you fully understand your policy.

Ready to Get an Estimate? Call CO Insurance Specialist Today

If you’re ready to get help finding the ideal classic car insurance policy to meet your needs, the CO Insurance Specialist, serving the greater Wheat Ridge, CO region, is here to help you. Call us today, and let us provide you with an estimate.

Owning a classic car requires responsible transport efforts when moving your vehicle to a new location. Consider the following topics, and then choose add-on coverage to include in your existing classic car insurance policy.

Assessing Your Vehicle

First, consider the value of your classic car. Assess the frequency with which you operate or tow your vehicle. These variables will assist in determining how much add-on coverage to include in your classic car insurance policy. If you use your vehicle frequently, the risk of being involved in an accident or enduring theft or vandalism will increase.

Choosing Towing Essentials

Inspect the weight and body style of your classic car. Choose towing equipment that will maintain the condition of your vehicle while it is being transported. The towing essentials you invest in should include tow bars, straps, covers, and other accessories that will protect your vehicle while it is actively being transported.

Considering Accessory Storage Options

Consider how you will store automotive materials while transporting your classic car. Having access to a built-in toolbox or another type of storage aid will allow you to stow the gear you need for your vehicle safely. Invest in storage equipment that will keep the stored materials clean and dry. If you leave your vehicle and towing equipment unattended on occasion, select storage items equipped with sturdy locking systems. Towing equipment that includes lights, electrical components, and other materials of value should also be added to your existing insurance policy.

Seeking Additional Insurance Support

The guidance that our agents at CO Insurance Specialist provide will help you keep your classic car protected. Contact one of our agents who serve the Wheat Ridge, CO region. An agent will discuss classic car insurance options with you.