Learn the Differences Between Classic Car Insurance vs. Traditional Auto Insurance for Your Vintage Ride

Did you know that traditional auto insurance may not provide complete protection for your classic vehicle? Discover the key differences between classic car insurance and conventional auto insurance in this informative guide from Brokers Insurance Agency.

Traditional Auto Insurance: Designed for Everyday Drivers

Traditional auto insurance is designed for everyday drivers and provides coverage based on the current market value of vehicles, taking into account depreciation. However, conventional auto insurance policies do not account for the actual cash value of vintage vehicles. Classic car insurance offers financial protection that covers the actual cash value of your classic car.

Specialized insurance protection for vintage vehicles is known as “agreed value coverage.”

What Is Agreed Value Coverage and Why Does It Matter?

Agreed value coverage is a type of classic car insurance that does not factor in vehicle depreciation, unlike traditional auto policies. Instead, it considers several factors to determine your premiums and comprehensive coverage amounts.

  • Professional appraisals to estimate the value of classic vehicles
  • Year, make, and model of your vehicle — rare vehicles typically command higher value
  • Condition of classic vehicles: mint, excellent, good, or fair
  • Mileage
  • Vehicle modifications and upgrades

At Brokers Insurance Agency, we understand that owning a classic car is more than just a hobby — it’s a way of life. We offer our clients the best options for classic car insurance coverage that reflects the true value of their vintage rides.

Ask us about comprehensive protection for collisions, theft, vandalism, natural disasters, and spare parts coverage.

Contact an experienced insurance agent today to learn more about getting the right insurance coverage for your classic vehicle. Request a policy review or get a personalized classic car insurance quote in Lincoln, NE!