Instant Quote

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


Comments
Blog post currently doesn't have any comments.
American Modern Trusted Choice
Since 1992 Classic Automobile Insurance has been one of the top agencies protecting collector, classic and exotics cars.  Get a quote now or contact us at 1-888-901-1338 to see how we can serve your needs.
 
Antique Cars
Classic Trucks
Vintage Cars
Collector Cars
Hot Rods
Rat Rods
Street Rods
Exotic Cars
Luxury Cars
Muscle Cars
Instant Quote
My Policy
Agents
Private Client Services
About Us
The Benefits of Classic Auto Insurance
Facebook Twitter Google Plus LinkedIn Pinterest Instagram YouTube RSS
 
© 2017 Classic Auto Insurance  | Indianapolis Web Design and Development by BitWise Solutions