If you own a classic car that you drive very little, you do not need to keep a full-coverage insurance policy on the vehicle. You can keep a full-coverage policy if you want to, though. If you prefer saving money on insurance costs, here are several things to know about managing the insurance policy for your classic car.
You Can Purchase Storage Coverage
A lot of people who own classic cars drive them only during the summer months. They may drive them only a few times a year, or they may drive them often during just a few months of the year. When classic-car owners are not driving their cars, they usually keep them in storage units or garages. They store their vehicles during off seasons when they are not using them. If this is the way you are with your classic car, you can change your auto coverage to a storage-coverage only policy.
A policy that offers storage-coverage only gives you all the protection you need when you are not using the vehicle. It protects against vandalism, theft, and other damages that might occur while you have your car parked in storage. You will pay a lot less for storage-coverage only, as the risks of damages are much lower when you are not using your car.
You Can Change the Policy When You Drive It
When summer arrives, and you decide to start using your car again, you can contact your insurance company to change the policy. You should make sure you contact them before you begin driving the car in the summer months, as it will not have the protection it needs without making a change to your policy.
When you change your policy, you can purchase any coverage types you want. If you want a liability-only policy, you can choose this option. If you want full-coverage insurance for your car, you can select this option. You can modify the policy as needed to have the coverage types you need, and you can easily change the coverage whenever you need to.
Buying Classic Car Insurance
It is also important to note that you cannot buy classic coverage from every insurance company. This type of coverage is not something all companies offer, so you may need to call around to find coverage. You can call an insurance agent of your choice to learn more about getting the insurance protection you need.
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