Classic Car Insurance in Burleson, and Cleburne, Texas
Classic Car Insurance for Drivers Throughout Texas
Purchasing a classic car, or even more than one, can be a fun way to connect with the past and meet new people as they approach to ask about your new vehicle. Classic cars also come with unique insurance needs, however. A basic car insurance policy may not cover your classic car the way you need it to.
Lone Star Insurance
works with a variety of top insurers to help Texas drivers find insurance for their unique and valuable classic cars. With amazing customer service and access to several top insurance providers, we will find you an affordable policy for your classic cars.
How is Classic Car Insurance Different from Regular Car Insurance?
The key difference between classic car insurance and normal car insurance is the use. Most insurers place restrictions on the amount you can drive a classic vehicle. This is both to limit the risk of an accident for the classic car and can save you money.
Classic cars are generally used only for show, so traveling simply to car shows shouldn’t affect your classic car insurance premiums.
How Does Classic Car Insurance Work?
Classic car insurance works much the same as regular car insurance. When you purchase a policy, you pay monthly premiums in return for coverage. A classic car is generally one that is 25 years or older. There are also some restrictions for drivers who wish to purchase an insurance policy for a classic car.
Insurers will often prohibit teenage drivers and drivers with poor records from being included on the policy. They also prefer insuring drivers with ten years of driving experience or more.
You may need to present proof of limited mileage and of another vehicle that will be used as daily transportation.
Insuring with Lone Star Insurance
Whether you are insuring your first classic car or your tenth, Lone Star Insurance will help you find the right policy to protect your unique investment. Proper coverage is important in keeping your valuable classics save, so give us a call at (817) 426-2886
to get started or fill out an online quote form
Frequently Asked Questions
How Much Does Insurance Cost on a Classic Car?
Classic car insurance is actually cheaper on average than regular car insurance. In fact, the cost of classic car insurance is less than 36% of regular car insurance rates on average. This is because classic cars are used less, and thus face less risk of an accident. These prices can vary depending on several factors, however, such as the value of the vehicle, your location, driving record, coverage limits and credit score.
What is the Purpose of a Stated Value Contract?
Unlike most vehicles, the value of classic cars actually appreciates over time. A stated value contract on a classic car allows the car owner to notify the insurer when the value of the vehicle goes up. This guarantees that your coverage will change as your needs change.
What is the Difference Between Stated Amount and Actual Cash Value?
An actual cash value policy has no limit when it comes to coverage on the vehicle and changes according to its worth. The amount you can receive changes automatically through your insurer.
A stated amount policy is a set amount agreed upon between the car owner and the insurer, with the car owner being responsible for notifying the insurer as the value of their classic car changes. If the driver fails to notify their insurer that the value of their vehicle has changed, they could be without coverage for the difference between the new value of the car and how much it was insured for.