Finding, restoring, and maintaining a classic car can be a labor of love. Preserving the integrity of these vehicles can make the collector and viewers feel like they are getting a snapshot of history. However, keeping a classic car in the present time is not the same as owning one back then. Because of many factors, special care, such as finding a good collector car insurance policy, must be taken to ensure these iconic keepsakes last for years to come.
How Cars Are Categorized
While virtually any vehicle can be insured whether on the road or in storage, it may be in your best interest to see what category your car falls under. If you are wondering if your vehicle is considered a classic, consider checking if your car meets the following criteria:
- It meets the defining guidelines of various organizations and clubs.
- It falls in alternate categories such as antique or vintage
- It meets DMV guidelines in your state.
You will likely discover that depending on who you ask and the purpose for your inquiry, you may get a different definition of what is considered a classic. For the purposes of getting collector car insurance, it is important to discuss those terms with an agent directly as each company’s definition may vary. Regardless of the terminology for your older vehicle, it is important to make sure you put safeguards in place to protect your investment.