If you own a classic car, you may be wondering if you should get Classic Car Insurance. There are several advantages to choosing classic car insurance over standard car insurance. You treat your classic car different than a daily driver. Your insurance should be different too. Sharp Insurance & Financial Services offer classic car insurance to its Ashland, KY customers because we believe in offering the best options to meet our customers’ needs.
Classic Car Requirements in Kentucky
Kentucky defines a car a classic if it is between 10-24 years old. Cars older than 24 years are defined as antique, and qualify for antique car insurance.
It must have a higher value than other cars of similar years and models. For example, a 1988 Buick LeSabre won’t qualify as a classic, but a 1988 Corvette certainly will.
Kentucky law also requires that your engine and body aren’t modified. It doesn’t have to be original, but it does have to remain true to the original design.
Lastly, it can’t be a daily driver. It must be the car you get out on the weekend to cruise in or take to car shows. If you are driving it to work, it doesn’t count as a classic car.
Advantages of Classic Car Insurance
The biggest advantage of classic car insurance is an agreed upon value. Insurance companies will insure your classic car for what it would cost you to replace it, instead of the standard bluebook value.
Classic car insurance is also less expensive than standard car insurance. It’s understood that you won’t be driving the car that often, which significantly reduces the chance of an accident. It’s also assumed that the vehicle is a unique source of value and pride to you, which ensure that you will take better care of it than a daily driver.
You can also purchase specialty add-ons. These include coverage for spare parts and coverage if you leave your car unattended at an auto show.
If you have a classic car in Ashland, KY, Sharp Insurance and Financial Services can help you get the coverage that is right for you.