A classic car is not just a vehicle – it is an expensive investment and possession. If you own a classic car, you should definitely understand how important classic car insurance is. If you are currently looking for insurance options for your precious possession, you should be aware of some misconceptions about classic car insurance. Here is a list of the 3 most common myths about this type of insurance prepared by Bailey Insurance LTD serving clients from Phoenix, AZ, and other surrounding towns.
Standard Car Insurance and Classic Car Insurance Are The Same
There are differences between these two types of insurance, and the main differences are the factors that are taken into consideration. For example, classic car insurance considers the use of a classic vehicle (whether it is used for display at auto shows), storage conditions (it should be stored in a dark, dry, and clean space), and the number of times a classic car owner drivers their vehicle. Classic car insurance is more sophisticated than standard auto insurance.
Classic Car Insurance is For Antique Cars Only
You may not know but even the cars that are only 25-30 years old can be considered a classic car and may be eligible for classic car insurance. Moreover, there are also other vehicles that can qualify for classic car insurance. They are custom cars, motorcycles, and tractors.
It Is Not Easy To Get Classic Car Insurance
Actually, it is pretty easy to purchase classic car insurance for your precious possession. As long as your car is at least 25 years old, it is properly stored and is not driven on a daily basis, you can get classic car insurance to cover it.
If you are a lucky owner of a classic car in Phoenix, AZ and you are looking for a trustworthy insurance agency to get a policy for your precious vehicle, Bailey Insurance LTD serving clients in Phoenix, AZ and other surrounding areas is ready to help. Do not hesitate to give us a call to talk to one of our experienced insurance agents.