Insuring a classic car is different from insuring a daily driver. The most important aspect is that collector cars are worth more than the average car people use daily.

Collector car owners put a lot of blood, sweat, and tears into their cars, along with a sizable amount of cash. Making sure these vehicles are adequately insured is critical. If you own a collector or classic car in the Emmaus, PA area, we’ve you covered at Patrick McNealis Insurance and Financial Group.

Collector cars and book value.

For traditional daily driver cars, book value is often used as a guide to a vehicle’s value. Classic cars can range widely in value depending on the year, model, make, engine, how many were produced, how completely they are restored, and whether they are restored using original parts. This makes classic cars worth more than non-restored vehicles and is why values vary widely.

With classic car insurance, you help decide how much your car is worth and how much you want to insure it for.

Factors impacting classic car insurance rates.

How often you display or drive the vehicle will impact your classic car insurance rates. Classic cars are often towed or trailered to events, and their miles are usually limited when driven.

Careful and secure storage can also lower rates. Classic car owners may also have the option to salvage a vehicle should the insurer determine it is a total loss.