Many people own vehicles that are more than just a way to get around Calgary. They are a long-term investment and a point of pride. A collector or classic car is valuable in both a personal and economic manner, and that value deserves to be protected properly. Consider classic auto insurance to provide the very best coverage for one of your most prized possessions.
Find Everything You Need to Hit the Road with Confidence
Common vehicle types that can be covered under a classic or collector auto insurance policy are postwar, classics, modified vehicles, antiques (more than 30 years old) exotics, special interest, muscle cars, kit cars and military vehicles.
In order to qualify for classic auto insurance, your vehicle must not be your primary mode of transportation. Generally, as well, classic or collector cars must not be modified from their original manufactured state. The modification requirement applies mostly to customization items, and not the basic repairs that you need to keep the vehicle running safely. Most providers will also require that your classic car has been appraised within the last five years.
If you haven’t had your antique or classic car professionally appraised recently, doing so before you shop for insurance is a good idea.
Benefits of Classic Auto Insurance Coverage
There are some benefits that come with a classic or collector auto insurance policy that aren’t available when insuring an everyday vehicle. Classic car insurance is very affordable, as classic vehicles aren’t driven as often as primary vehicles. You also will not have to worry about depreciation. Classic insurance generally works based on “agreed value,” so you’ll get the full (agreed) value in the event of a claim.
No matter which type of insurance you need, remember that there are excellent discounts available, especially if you’ve put together a strong record of safe driving. You can also save by bundling home and auto insurance products, and by insuring multiple vehicles through the same insurance company. Speak with your insurance broker to learn more about the many options available.
Lane’s Insurance of Calgary Covers All of Alberta
Restoring and enjoying your classic or collector vehicle is a labour of love, so finding the right auto insurance to protect your investment is more than worth the effort. The team at Lane’s Insurance has offices in Calgary, Edmonton, Banff and covers the rest of Alberta, and is here to represent you, not the insurance companies. We have the experience necessary to help you shop for the perfect policy for your classic vehicle from the best providers available.