Antique and Classic Car Insurance

Since you have purchased a classic or antique vehicle, you’ll want to insure it properly, as it is an investment. 

Since classic and antique vehicles are all so different, your insurance coverage will be specific to your vehicle and how often you plan to use it. There are many considerations which you and Wells Insurance will discuss while creating a policy to suit your classic car.

Coverage Inclusions
A typical classic car insurance policy includes the following:

• Agreed value coverage — This coverage pays for the car’s full insured value with no depreciation in the event of a total loss, less your deductible.
• Inflation guard — This coverage is intended to compensate for how classic cars increase in value over time. The policy increases the vehicle’s value quarterly.
• Flexible usage — This coverage offers the ability to drive the vehicle up to 2,500 or 5,000 miles annually. It is not limited to “parades only.”

Additional Coverage Options
You can also purchase these additional coverage options for more specific protection:

• Emergency towing in case of a breakdown
• Roadside assistance for items such as a flat tire, dead battery or running out of gas
• Emergency lockout
• Lost key return
• Emergency travel expenses in case your classic vehicle breaks down while away from home
• Car show expenses associated with missing a car show due to a breakdown
• Theft reward
• Reimbursement for items that are vandalized or stolen when reported to police