Classic Car Insurance in Dover, NH: Protecting Your Classic Gem

For many, classic cars are more than mere assets – they’re a testament to superior craftsmanship and vintage charm. As a classic car owner, you’ve likely invested significant time, effort, and resources in maintenance and customizations to keep your vehicle in prime condition. This is why understanding the unique aspects of classic car insurance is crucial to ensure your prized possession is adequately protected. Let’s delve into the key differences between classic and regular auto insurance.

Enhanced Coverage Limits

The value of classic cars generally appreciates over time. In a few years, your vehicle might be worth significantly more than its current value, which is why classic car insurance offers higher coverage limits compared to traditional auto insurance. At Gateway Property & Casualty, we work with you to ensure your coverage limits fully protect your classic car’s value.

Eligibility Criteria for Classic Cars

Not every vehicle is eligible for classic car insurance. To qualify, a vehicle generally needs to be at least ten years old, although this criterion can be waived under certain circumstances. We recommend discussing your car’s specifications with an experienced agent at Gateway Property & Casualty to determine its eligibility for classic car insurance.

How Insurance Companies Evaluate Classic Cars

Insurance companies take several factors into consideration when evaluating the eligibility of a classic car for insurance. These considerations include the frequency of the car’s use, its method of storage, and maintenance details. Understanding these factors can help ensure that you procure suitable coverage for your classic car.

Reach Out Today For Classic Car Insurance Assistance

Navigating the differences between classic car and standard auto insurance in Dover, NH can be challenging. Our knowledgeable team is here to answer all your queries and guide you through the process, ensuring you obtain the right coverage for your needs. Contact Gateway Property & Casualty today to learn more about our various insurance offerings.

Owning a classic car is a cherished hobby for many. However, when it comes to insuring these vintage beauties, classic car insurance offers distinct advantages compared to regular auto insurance. Here at Gateway Property & Casualty, providing auto and classic car insurance in Dover, NH, we want to help you learn more about the differences between these two types of insurance. 

Agreed Value Coverage

Classic car insurance shines with its agreed-value coverage. Unlike standard auto insurance, which pays out based on your vehicle’s depreciated actual cash value, classic car insurance allows you to establish an agreed-upon value with your insurer. This agreed value accounts for the uniqueness and any modifications to your classic car. In the unfortunate event of a covered loss, you’ll be reimbursed according to this pre-determined value, preserving your investment.

Lower Premiums

A significant draw of classic car insurance is the lower premiums it offers. Classic cars are typically driven less frequently and are often stored securely, reducing the risk of accidents or theft. Classic car insurance policies often come with mileage restrictions, which further mitigate risks and contribute to lower costs for policyholders.

Specialized Repair and Restoration Coverage

Classic car insurance often includes specialized repair and restoration coverage. This means that in case of damage, your classic car can be entrusted to a repair shop with expertise in working on vintage vehicles. This specialized attention ensures that your beloved car is restored to its original, pristine condition, preserving its historical and investment value.

Schedule A Consultation Today

There are many differences between regular auto insurance and classic car insurance. If you’re looking for a new policy in the greater Dover, NH area, call Gateway Property & Casualty to obtain an estimate today.