Classic Car Insurance in New Jersey

A classic car is not just another automobile you own, and you will want to make sure you have the right insurance for it.

Why You Need Classic Car Insurance and Not Traditional Auto Insurance

When you are insuring a classic car in Wall Township, NJ, it helps to know the difference between the two policies and why you specifically need classic car insurance. A traditional policy sees your vehicle as becoming less valuable as it ages. This means the insurance takes into account depreciation when paying claims and calculating premiums. However, classic cars go up in value or just fluctuate with changing collector interest. Your insurance agent at Creative Risk Management LLC will work with you for an agreed-upon value in order to insure your vehicle properly. Classic car insurance can be cheaper than a traditional auto policy and has low deductibles.

Does Your Car Qualify for Classic Car Insurance In New Jersey?

Not every car is going to qualify for classic car insurance in Wall Township, NJ. The car will need to be at least 25 years old, or a car newer than that will need to be considered as appreciating in value. Your car will usually qualify if it is a kit or replica car or one that has been modified from original specifications. Your vehicle needs to be stored in a locked and enclosed structure and it’s not meant for primary transportation but can be used for occasional driving.

What Does Classic Car Insurance Cover in New Jersey?

Your policy will typically cover the normal amounts for collision, comprehensive, liability, and medical payments, which are required by the state. It may also include some other options, such as roadside assistance, traveling coverage, auto show protection, medical reimbursement, and coverage for spare parts. If you often show your car at auto shows, then you may want to consider some of these other options for your optimal protection.

Contact Creative Risk Management LLC to get a quote on classic car insurance.