How It Differs From Auto Insurance In Ohio

Are you a classic car owner or collector? Perhaps you’re a lover of other vintage vehicles. If this sounds like you, your vehicle or vehicles are probably some of your most prized possessions. Protecting your car should be of vital importance if it is damaged or stolen. 

Ordinary auto insurance is often not adequate for classic or collector vehicles. Instead, you should be looking at insurance designed specifically for these vehicles, there is a difference between having the right coverage and just being insured.

What Is Classic, Antique, and Collectible Vehicle Insurance?

Classic, antique, and collectible vehicle insurance is designed to protect owners of any antique or collectible vehicle, from classic cars to vintage motorcycles and antique tractors. If you have a vehicle that is rare or has some unique value, this type of insurance is ideal. You will want to use this type of coverage for a particular car that might spend a lot of time in your garage and the occasional trips to car shows or other special events.

What’s Covered?

Collector vehicle insurance in Ohio covers multiple items that can protect your vehicle both on the road and when it’s stationary. These includes:

• Property coverage for damage or theft

• Liability coverage covers costs associated with other people’s medical bills or damage expenses

• Medical expense coverage pays for medical costs, sometimes including funeral expenses and lost wages for both the driver and passengers

• Uninsured and underinsured motorist coverage protects you in an incident involving an uninsured or underinsured driver

• Towing and disablement coverage helps you with the costs of some frequent roadside breakdowns

Can I Use Standard Auto Insurance?

When you’re looking for insurance for a vintage vehicle, you might wonder whether you could use standard auto insurance. The answer is plain and simple – you can, but we wouldn’t recommend it. This is because regular car insurance will not be suitable for your vehicle’s needs. You need an insurance company that understands the nature of collectibles. It is important that your company knows the difference between the original paint and a resto-mod. Unlike an everyday car, many collectible vehicles appreciate rather than depreciate. Plus, insuring a vehicle that you rarely use with the same type of insurance policy that you use for your everyday car does not add up.

The Benefits of Collector Vehicle Insurance in Ohio

Taking out a collector’s insurance policy has many benefits, one being the type of protection that it gives your vehicle. You need coverage full time, even if your car is in storage most of the year. Collision and comprehensive coverage need to be present year-round, whether you are in a parade, at a show, out for ice cream, or just have it sitting in the garage.

When you choose us as your local independent insurance agency in Lewisburg, Preble County Ohio, you can be sure that we know the difference between your vehicle and an average car and will guide you on the next steps to take. Contact Taylor & Associates Insurance Agency to speak with an agent familiar with collectibles today.