What Does Classic Car Insurance Cover?

Our agents at the Ruddy Insurance Group serving the Niles, OH area are ready to help you obtain the proper amount of insurance coverage for your classic car.

Classic car insurance in Ohio, like in many other states, provides specialized coverage tailored to the specific needs you and other classic car owners may have. A classic car insurance policy is different from a standard auto insurance policy since classic cars have a unique value, and they are used and driven differently than regular vehicles.

What Does Classic Car Insurance Cover?

Similar to regular auto insurance, classic car insurance provides you with auto liability coverage as well as comprehensive and collision for the times that you are driving your vehicle out on the streets and highways. It is the amount of insurance that is different from regular vehicles because most vehicles depreciate as soon as you drive them off the car lot. This is not true of classic cars since they actually increase in value over time. If a natural disaster, fire, or vandalism occurs and destroys your classic car or is just stolen, you will receive an amount for your classic car that was predetermined and agreed upon when you created your policy.

Keep in mind that classic car insurance dictates a specific mileage restriction. In the state of Ohio, classic car insurance policies will limit the annual mileage that you can drive your classic car. This is due to the fact that your classic car should only be used for things like weekend cruises and car shows versus daily commuting or running to the grocery store.

Contact Ruddy Insurance Group

To have peace of mind when protecting your classic car with the correct insurance policy, call our classic car insurance agents at the Ruddy Insurance Group serving the Niles, OH area today!

Taking your classic car out on the road? Double check your insurance protection first

If you are a classic car enthusiast in Niles, OH, or the surrounding area, Ruddy Insurance Group is here to help with all of your insurance needs. We understand how much effort goes into acquiring and maintaining a classic car, and we want to help you protect it! Contact our office to find out more. 

Appropriate protection for your classic car

Before you take your classic car out on the road, be sure that it is properly insured. Unlike other vehicles, classic cars are often a major financial investment. Another difference is that they are typically not a primary transportation vehicle. This means that you probably don’t drive your classic car as often as your other vehicles.

Many classic car owners only use these vehicles for Sunday drives or to participate in classic car shows. Whichever end of the spectrum you find your use, it’s important to have appropriate protection for your classic car. Now is an ideal time to take out your classic car insurance policy and give it a full review.

When selecting a classic car policy, you will want to consider the value of the car, how often it is driven, and where it is stored. These factors can all impact your decision about which policy is right for your needs. Don’t think of this policy in the same way that you think of your regular auto insurance policy, as they are quite different.  

Call or stop by today!

Ruddy Insurance Group is the insurance team that Niles, OH area residents can rely on. We are a full-service insurance agency that is here to help you protect your classic car. Give us a call today and schedule an appointment to learn more.

What Does Classic Car Insurance Cover?

Showing off your classic car and all the hard work and money you have put into restoring your vehicle is fun and exciting, but you also want to have the peace of mind in knowing it is protected in case something goes wrong. The agents at the Ruddy Insurance Group in Niles, OH know that the best way to protect your classic car is through obtaining a classic car insurance policy.

In the state of Ohio, the same requirements that apply to all drivers of motor vehicles include you and your classic car since you will be occasionally driving it on public streets and highways. Also in Ohio, your vehicle must be at least 25 years old to be considered a classic car and is slated to be a collector’s item that is used for you to participate in parades, car shows, tours, car club activities, exhibitions, and other similar types of events. Your classic car cannot be used for general transportation, but you can drive it to and from events.

While most vehicles depreciate in value as soon as you drive them off the dealer’s lot, classic vehicles gain value over time. If you restore and maintain your classic car properly, the amount of money it is worth will increase in value.

In addition to liability insurance, you should obtain comprehensive insurance to protect your vehicle in the event it is damaged because of a fire, vandalism natural disaster, or is stolen. You can also obtain collision insurance in case you collide with another vehicle or a stationary object.

The classic car insurance agents at the Ruddy Insurance Group in Niles, OH are ready to assist you with all of your classic car insurance needs. Please call for a quote today to get your policy started.

Is classic car insurance mandatory in Niles, OH?

Are you lucky enough to own a classic car in Niles, OH? Congratulations! To some people, an antique car is some old fragile fashioned metal, but to car enthusiasts, an antique is anything but fragile. In fact, it is one of the most valuable cars you will ever own. Wait! Did you know that classic cars appreciate in value? Well, this should be a reason enough for you to buy classic car insurance, and Ruddy Insurance Group can help you secure a policy based on your budget, needs, and style.

Is classic car insurance mandatory?

Before answering this question, it is critical to understand that a classic car is no ordinary car. In most cases, the typical auto insurance may not be adequate to protect such an investment.  We are talking about cars manufactured in the 50s and are still in their best condition–generally cars that are older than 20 years. Classic cars appreciate, unlike modern cars that lose value immediately, they hit the road. With that said, classic car insurance is not mandatory, but necessary if you want to protect them from loss, damage, or theft.

What are the coverages offered?

Most antique car coverages go beyond the basic auto insurance policy. These are cars just like the rest, only that they are durable and more expensive. So, if you regularly use your car for shopping, vacations, or commercial purposes, you may need to buy auto insurance coverages such as property damage liability, bodily injury liability, personal injury protection, uninsured and underinsured motorist a collision coverages.  As mentioned earlier, this is not enough to protect such a valuable asset., So, you will need other coverages such as spare parts coverage, towing and special repair, restoration, and inspection coverage.

Let Ruddy Insurance Group help you protect what matters to you. Feel free to speak to our agents about classic car insurance, and they will be happy to respond.

Does Classic Car Insurance Cover Accidents?

Classic cars are a wonderful thing, they bring much enjoyment and fun to those that own them. That being said, typical insurance simply does not do justice when it comes to caring for your classic car. For those that live in the Niles, OH area, the agents with Ruddy Insurance Group can help you to get the coverage that you need.

Classic car insurance covers a great deal, including the cost of recovering after an accident? If you do have a classic car your classic policy will do a few things that normal car insurance simply does not do. For starters, classic coverage helps to cover the total value of your classic car. With normal car insurance, if your classic car is in an accident you are not going to be able to get the full amount for your car, even if it is fully destroyed. This means that if your classic car is valued at $60,000, you are not going to have to worry about depreciation, you are going to get the full $60,000.

Classic car insurance is something that any classic car owner needs in order to help to protect their investment and make sure that their car is not going to be destroyed and they are going to have to pay to replace it on their own. Classic car insurance works to help protect your car from damages, accidents, and more and is essential if you do have a classic car that is worth a great deal of money. For those that live in the Niles, OH area, the agents with Ruddy Insurance Group can help you find the type and amount of coverage that you need for your classic car to be fully protected and fully covered in the case of an accident.