Normal auto insurance isn’t for every vehicle. If you have a special car, you need special auto insurance to match. Learn your vehicle insurance needs and how to meet them below.
WHICH TYPES OF VEHICLES REQUIRE SPECIALTY AUTO INSURANCE?
Modified or Customized Vehicles
Special Commercial Vehicles
THE IMPORTANCE OF AUTO INSURANCE FOR SPECIALTY VEHICLES
Insuring a classic vehicle and other specialty vehicles is often thought of as unnecessary by many. In reality, it might be even more important than insuring a regular automobile. Many classic cars, street cars, antique vehicles, and customs are actually worth more than most other vehicles. If they are crashed, they can be unbelievably expensive to repair and sometimes nigh on impossible to replace.
In those cases, specialty auto insurance will make sure that you at least get something back, even if your vehicle will never be the same.
Anyone who owns a specialty vehicle knows it is not like any other. It’s not just a car. It has a history. It is made of your time and effort and blood, sweat, and tears. Even when regular auto insurance seems expensive, we have to realize that, as a specialty vehicle owner, you have even greater needs; whatever you need to pay for specialty auto insurance is worth it.
FINDING A SPECIALTY AUTO INSURANCE PROVIDER
There are companies that specialize in insurance for bikes, classic cars, hot rods, and more. However, there is no guarantee they will be any cheaper, though the agents will be better acquainted with your needs.
Many auto insurance companies offer specialty auto insurance for very good prices, though these vary so much that you will definitely have to compare plenty of quotes to ensure you get the best deal possible.
Start by contacting the online auto insurance companies we have listed and seeing what they can offer you.
TYPES OF SPECIALTY AUTO INSURANCE
Actual Cash Value – This is similar to normal auto insurance. It insures the depreciated-over-time value of your vehicle. You will have to show the work you’ve done on the vehicle to get the actual value insured.
Stated Value – You can inform the auto insurance provider of the real worth of your specialty vehicle and they agree to cover you for that amount. Appraisals and records of vehicle history are typically required.
Agreed Value – The auto insurance company is meant to cover you in case you suffer a total loss. You can automatically continue the policy with increasing value, though inspections and documentation are always needed.