Category: Classic Car Insurance

Classic cars are not the same classification as vintage and antique, as there are different stipulations regarding how each one is labeled. To be a classic car, generally, a vehicle must be 25 years old but not older than 40 and have an engine and body that are without modifications. You will also have to operate by the limitations imposed by law in Maryville, TN with regard to how often you may drive your car. 

Classic Car Restrictions

A classic car can be used for pleasure, and this is defined differently than everyday use, for example, getting groceries or driving to a job. This would mean you could go out for a Sunday drive on occasion or for other leisurely and sparse outings. 

You would be allowed to travel to and from exhibitions, as classic car owners often enjoy displaying their vehicles at car shows and cruise-in circuits. If you are a participant in a vintage car club and wish to drive to these meetings, that is usually also permitted. 

It is a requirement that you store your vehicle in a manner keeping with its classic status, such as in an area that is fully enclosed and that has a door with a lock of some kind. Your Carr Insurance Group agent can go into more detail about this with you. 

New cars can also qualify for classic status if they are particularly exotic or are a replica of an older model automobile. Specialty vehicles, such as those used for the military, fire engines, and hearses may also be labeled as classic and insured as such. 

Carr Insurance Group Can Help

We offer insurance for classic cars for those living in Maryville, TN and look forward to working with you. Please reach out to us today for more information on our insurance products and services. 

When you contact Carr Insurance Group about insuring an automobile in Maryville, TN, your insurance agent will ask you a few questions about the vehicle including make, model, and year of issue. We ask the latter to determine if your vehicle might qualify for classic car insurance.

Classic Car Insurance Defined

A classic car insurance policy differs from regular auto insurance in many ways, including cost. A classic car policy often costs less than a regular policy, but your vehicle must qualify for the savings.

Vehicles manufactured 25 years or more ago may qualify for classic auto insurance. These older cars and trucks typically increase in or maintain their value, such as a Chevy Corvette or a Ford Mustang. Some vehicles less than 25 years old can qualify for this type of insurance because they’re so rare. A Lamborghini Aventador could qualify due to its rarity.

When you obtain classic car insurance, your policy limits you to just 1,000 miles of driving per year. You can drive the vehicle in parades and show it at car shows, too.

For using it less, you obtain the cost to completely replace the vehicle in case it gets stolen or totaled. The policy also pays for OEM parts from the same year or era.

If you don’t plan to drive your classic car on a daily basis, this classic car policy can save you money now and help you fully replace your vehicle if something happens to it.

Give Us A Call

Contact Carr Insurance Group serving Maryville, TN for more information or to get started with classic car insurance  Let us help you protect your investment.

Carr Insurance Group serves Maryville, TN residents. We offer our clients a wide variety of insurance options. We are an independent agency. Having strong relationships with multiple carriers allows us to offer our clients policies that align with their individual needs.  We hope to make the insurance process less complicated for our clients. We will sit down with you and help you find a policy that protects your assets.

Important Details To Look Over In Classic Car Insurance Policies

Classic cars are valuable assets. You can visit several trade shows in Maryville, TN where classic cars are on display. If you have a classic car, insurance will help you protect your prized possessions. Classic car insurance covers your vehicle if something goes wrong. You are covered in the rare case that you are involved in an accident. The policy also covers your vehicle if it is stolen or vandalized. A significant part of your classic car insurance policy is monitoring the amount of time that you operate your vehicle. You should only drive your classic on special occasions. There may be a yearly mileage limit included in your policy. Consider having your classic car appraised so that you have a clear idea of its true value.

If you plan to make any modifications to your classic car, you’ll need to amend your policy in order to fully cover those parts if something happens to your classic car. Make sure that you have a strong storage coverage policy. Storage coverage protects your vehicle while you have it parked at the facility. Your classic will likely be at the facility most of the year. Storage coverage protects you if your vehicle is damaged at the facility.

Carr Insurance Group Will Help You Protect Your Assets

Visit our website to learn more information about classic car insurance.

If you are a lucky owner of a precious classic car, you understand that it needs proper protection. One of the best and most effective ways to protect it is to get classic insurance. Unlike standard auto insurance, classic car insurance usually covers your classic vehicle up to an agreed value. If you are thinking about getting this type of insurance, and you need more information about it, here is an explanation of how this insurance works. 

How Does Classic Insurance Work?

The first thing you should know is that you must be eligible for classic car insurance. Your vehicle must be either antique or classic. A classic car is defined as a vehicle that is 10 to 24 years old with historic interest. An antique car is a vehicle that is at least 25 years old with historic interest as well. 

There are also some other requirements that you need to meet. This includes driving your classic car only on a limited basis, preserving your vehicle in its original condition, and storing it in a special garage. There is also a mileage limit, which is usually no more than 10,000 per year. 

In addition, in order to qualify for classic car insurance, you are allowed to make repairs on your car only in certain shops. 

Carr Insurance Group serving clients in Maryville, TN – We Help You Get Insurance You Need and Deserve

If you are a classic car owner living in Maryville, TN or any other surrounding town, and you are looking for classic car insurance to protect your precious classic vehicle, Carr Insurance Group is the right place to contact. We specialize in all types of insurance, including classic car insurance policies. If you have any questions, or you want to know more about the insurance options we offer, feel free to contact us at any time. 

Anyone that loves cars in the Maryville, TN area will dream about owning a classic car one day. If you buy a classic car, it will be vital for you to get proper insurance. There are a few reasons why this type of insurance is necessary for classic car owners. 

Needed to Protect Asset

You will want to have classic car insurance in this area so you can protect your asset. A classic car can be a very valuable asset that can increase in value with time. With a classic car insurance plan, you can get the coverage needed to repair or replace this vehicle. This can include receiving coverage for the car’s collectible value, which ensures any value appreciation you receive is protected.

Liability Coverage

Similar to any other vehicle, you need liability insurance when driving a classic car. However, most classic car owners drive their vehicles quite infrequently. When you get a classic car insurance plan, you will receive the liability coverage needed to comply with state law. However, the plan will consider the fact that you drive the vehicle infrequently, which reduces your liability risk. 

Owning a classic car is a dream that many car lovers in the Maryville, TN area share. If you do buy one of these vehicles, getting a classic car policy is a good option. As this is a unique and specific form of coverage, it would be a good idea to call the Carr insurance Group to discuss your needs. The team with Carr Insurance Group can help you build a plan that will properly protect your classic car while also allowing you to comply with state insurance laws.