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The Main Difference Between Street Rod Insurance and General Car Insurance


Are you in the market for a vintage car policy? Here are some things you have to know about the differences between general car insurance and vintage vehicle insurance.

The main difference between these two types of insurance policies is how a vintage car is appraised. Street rod insurance uses an agreed valuation policy while a general car insurance follows an actual car value policy. Insurance companies which cater to classic car owners understand that it is not appropriate to base collectible car values on current market prices. In an agreed value policy, both the provider and car owner decide on the acceptable value of the vehicle. In case of a total property loss, you will get the full amount you and the provider has agreed upon. With general car insurance, the value of your vehicle will depend on its current market value and not on the amount the company had originally appraised your car for.

Insuring your vehicle with a general car insurance company may be more expensive than getting vintage vehicle insurance. Many standard auto insurance companies may give higher premiums to classic car owners because of the rarity of parts vintage cars have. The more vintage a vehicle is, the harder and more expensive it is to get replacement parts.

Consider Classic Car Ins when you are looking for an insurance provider. We have the right policy for your vintage car and have several mileage plans you can choose from. Get your free classic car insurance quote from us today.

About the Author

is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.

Posted: 11/29/2012 9:00:00 AM with 0 comments

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