Classic Car Insurance in Ohio

Just call them the kings of the road. Classic automobiles often turn heads in their direction when coasting down the streets of Westerville, OH or any other road in the state. Were you aware, though, that these cars and trucks require special insuring to avoid a financial loss on the vehicle owner’s part?

Read on to learn about classic car insurance in Ohio. Call a representative at Associated Insurance Agencies, Inc. to get going with a quote!

What is Classic Car Insurance?

Classic car insurance is an insurance plan that covers vehicles that fall under the collectible auto category. There is typically an agreement made between the applicant and insurance provider, called a “guaranteed” commitment, in which the insurer obliges to pay a certain amount to the insured in the event of an accident or theft.

The “guaranteed” value of a collectible is far more than what a conventional indemnity plan would offer, which is why classic auto owners flock to purchase a policy shortly after putting the finishing touches on their collectible beauty.

The Different Types of Collectible Auto Insurance

Collectible auto insurance in Ohio may be broken down as such:

• Classic Car Insurance, where the vehicle is anywhere between 19 and 25 years old, in good working condition, and holds a value greater than the average cost of vehicles of the same make and model.
• Antique Car Insurance, where the vehicle is greater than 25 years old and in good working condition. Some insurance providers in Ohio may view a car as antique if it is older than 20 years old. As a rule of thumb, the Antique Automobile Club of America views vehicles greater than 45 years old as antique.

It is generally required that collectible cars have the majority of their original parts to qualify for classic or antique vehicles. You may still be able to qualify for an indemnity plan by using the Modified Car Insurance option, which allows for some alterations to the original makeup of the vehicle.

Call Associated Insurance Agencies, Inc. today in Westerville, OH or one of our six locations to get a full understanding of what it means to be covered under a classic car insurance plan!