Classic Car Insurance in Alabama
According to Alabama guidelines, a car over 30 years old is recognized as vintage. These usually function as "collector's items" and are not operated for everyday transportation. In Alabama, liability is a requirement with classic car insurance coverage.
The same rules that apply when insuring a standard auto are not typical for a classic car since these are not operated regularly. Finding parts for these vehicles is much more challenging, and the value for a classic car is higher than it would be for an average auto.
Our agents at Larry Burkman Agency in Huntsville, AL can provide specialty car insurance specifically for the vehicle. The logistics of the coverage are similar to what it would be for the protection offered under a standard Alabama auto insurance plan.
Mandates exist with these policies, like specific maintenance and mileage limitations. Because each vintage auto is unique, there is no particular "book value" designated as there would be for a traditional make and model.
As the policyholder, you would work with our agents to determine a value that you find satisfactory for the policy. The auto would then be protected up to that covered value with no depreciation.
It's essential to recognize that standard auto insurance does not protect a vintage or antique car from loss or damage. You should consider specialized auto insurance coverage when the current value exceeds the initial sales price.
A benefit of classic car coverage is that it tends to have a lower price point than standard car coverage, primarily because these vehicles are not operated frequently.
Suppose you own a vehicle that's roughly 30+ years of age. In that case, it will function as a collector's item instead of a daily traveler. It has the original or closely modified parts and body designated for that model year and the make.
You'll want to consider specialized classic car insurance. Please reach out by visiting our team or giving us a call. We'll get you set up with superior protection.