| Classic collector auto insurance is what's referred to | | | | provisions, daily driving, commuting to work, and |
| as nonstandard car insurance, which includes specialty | | | | commercial use of a classic auto is not. Limitations on |
| car insurance for the classic car collector or owner of | | | | a modified car are similar. |
| a modified car. | | | | A Boon To The Car Collector |
| Classic collector and modified car insurance is very | | | | Also an important difference in classic car insurance is |
| much like standard insurance but with significant | | | | the means of determining the value of the classic car. |
| differences regarding use of the vehicle and the | | | | In most states, Massachusetts, Texas, and Virginia |
| method of determining value. Although there are | | | | the exceptions, the insured value of the classic car is |
| criteria for the classic collector--often a minimum age | | | | an 'Agreed Value'. |
| of 25, 10 years driving experience, and a good driving | | | | Unlike the case of standard insurance where the |
| record--insurance on a modified car or on classic cars | | | | provider determines the value of the vehicle, |
| depends a great deal on the car. | | | | specialty insurers agree with the owner on the value |
| There Are Limitations | | | | up front and are bound to that amount in the event |
| A classic auto is usually defined by age, 15 years the | | | | of total loss to the classic car. |
| usual minimum. In some states, Massachusetts, for | | | | Because of the criteria on the owner, the use and |
| example, the age of a classic car must be at least 25 | | | | storage limitations on the classic car or modified car, |
| years. Most insurers further require that the | | | | and the predetermined valuation of the vehicle, |
| components of the classic car are original or restored | | | | specialty insurers can offer insurance rates on a |
| to original, that the classic be stored in a garage, and | | | | classic auto or modified car that are often better |
| that the owner maintains a daily-use vehicle for | | | | than on policies for vehicles covered under standard |
| everyday use. | | | | car insurance, a real boon to those who have a car |
| While limited pleasure driving and club or hobby | | | | collection. |
| activities are acceptable under classic car insurance | | | | |