Owning a classic car means that you need a policy that is appropriate for the vehicle. Depending on the car that you have purchased and the situation, you may or may not need to find ST car insurance that is designed for classic vehicles in North Bethesda, MD.
What is a Classic Car?
Before you can find the right policy, you must understand the details regarding classic vehicles. Not every car is considered a classic, but many older vehicles can be classified as a vintage or classic car if they are properly maintained and you follow the guidelines of the company.
Generally, a car must be at least 15 years old or older to be classified as vintage or classic by an insurance provider. Keep in mind that the specific age can vary between companies and some insurers may require older vehicles before considering it a classic.
Costs and Coverage
The cost of coverage depends on the type of policy that you purchase. Since a classic car is rarely driven, it may not have a high risk and you may be able to obtain a reasonable rate on coverage. Although the rates may be reasonable, you should expect some variation based on rarity of your car, your driving record and your credit history. The exact rates depend on several factors, including the coverage that you want to purchase.
Your coverage can depend on the type of plan you want. Usually, classic car insurance will have strict limitations on your yearly mileage, but the details regarding coverage can vary.
It is important to find the right policy for your situation and your vehicle so that you are meeting state standards and your car is as safe as possible. To learn more, contact us to talk to an agent today.