Classic Car Insurance

For many, owning a classic car is the culmination of a lifelong dream, and owners are persistent about keeping their classic in flawless condition. Consequently, having the right auto insurance on a classic vehicle is imperative because the restored value is often significantly higher than the sticker price. The cost to repair is astronomical.

With traditional auto insurance, your automobile is covered for its actual cash value, which is the same as saying the replacement cost minus depreciation. For instance, if you own a 2018 Ford Explorer with a sticker price of $40,000 and are in an accident that results in the SUV being totaled, the insurance company may only reimburse you the actual cash value, which can be substantially less. In comparison, classic auto insurance covers your vehicle at the agreed or guaranteed value that both you and the insurance company mutually accept. Typically, an independent third party will appraise a classic car, with the owner and insurance company determining the guaranteed value together. Consequently, should you be in an accident with your classic car, the total cost that the insurance company may reimburse you is whatever the value of the car is that you agreed to when signing the policy documents.

Given that classic cars usually appreciate as they age - particularly when professionally restored - you want to ensure that the entirety of your investment is protected, which is why classic car insurance is so important. If you are in Pennsylvania, the R&R Insurance Group LLC in Quakertown, PA can help with the process from start to finish. At R&R Insurance Group LLC, we strive to get classic car insurance as easy as possible by providing transparent and honest service. Please stop by our conveniently located office in Quakertown, PA, or give us a call to learn more.

While our office is located in Quakertown, PA, we service clients all across Pennsylvania & New Jersey.