As a classic car owner, you know your vehicle needs special attention.  This includes coverage from an insurance policy that allows you to enjoy your classic car without fear of damage.  Restoring, maintaining, and showing a classic car can be a rewarding (and sometimes lucrative) hobby, but you must find the right insurance to fit the needs of your vehicle.  Whether your classic is a daily driver, you register it in shows, or it’s still just a project in the garage, these seven tips can make the insurance process easier:

1.  When getting insurance quotes, be sure to specify that the policy is for a classic car.  Traditional coverage is based on depreciated value and doesn’t necessarily apply to a classic car.  Instead, you can obtain complete coverage for all that you have invested in the car.

2.  Which brings us to the car’s value.  Unlike modern cars, your classic car may appreciate in value over time.  Some classic car insurance policies offer an appreciation clause to account for rising values.  You may need to get the car appraised periodically (every couple of years) to ensure that your policy covers the car’s current value.

3.  Most classic cars are not used as a primary source of transportation.  The less you drive your classic, the less the chances of an accident… and, therefore, the lower the insurance cost.  Be sure to give a realistic estimate of how much the car will be used.

4.  Make sure that your vehicle qualifies for classic car insurance.  The vehicle’s age is only one factor when determining if classic car insurance is a good fit.  Check with different insurance companies to see what their criteria is, and to see if classic car insurance makes sense for your situation.

5.  A lot of us classic car owners are getting up there in years.  But, if you’re younger, ask about required driving experience and age requirements.  Some companies may only cover your classic car if the principle driver is over age 25, or has a certain number of years behind the wheel.

6.  But, what if your car is still a project?  You can (and should) protect your investment.  Some companies offer policies for projects, with rising coverage amounts as you progress.

7.  And, finally, know what your responsibilities are.  Make sure you comply with the conditions of the coverage.  For example, mileage limitations, only driving in certain months (seasonal policies), or making sure the car is protected from theft and the weather by parking in a garage.

Many classic car enthusiasts make the mistake of assuming their standard auto insurance covers their classic car.  This is not always the case, and it may even be a more expensive option when it is.  If you’ve recently bought a classic car, or you want to shop around for classic car insurance, come to the next Pomona Swap Meet & Classic Car Show.  There are always reps from a few different insurance carriers who can speak to you about your specific needs.