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How Old Must a Car Be to Get Classic Insurance?

how old must a car be to get classic insurance

You might be asking yourself how old must a car be to get classic insurance? In order to be able to obtain classic insurance you must have been a legal resident of the United States for at least six months. The age of the car also has to be at least five years older. The car also has to have a current license and it has to have been running for at least one year.

So if you are asking how old is it to get classic insurance what does that mean? A car cannot be considered as a classic car until it has been examined by an authorized classic car appraiser. Before any insurance company will insure a car they check with the Department of Motor Vehicles to see if the car was in an accident or even if the car was stolen. If your car was stolen or has been involved in an accident your insurance company is not going to cover the full value of the car. They will instead offer you a much lower estimate.

The value of your car can go up and down during the year. Therefore, when your car is appraised you have to make sure that it is not worth more than it is now. If it is a valuable antique then you might have to pay a higher estimate on your classic insurance policy. In order to protect your investment you have to make sure that your car is in good condition. It should be in pristine condition and the paint job should look good and shine.

Another question that people often ask about how old must a car be to get classic insurance is about the parts that need to be present. Yes, if your car needs a new engine it is not covered. This is considered a complete replacement. If you want your car to be covered then you will have to have all original parts. Make sure that you have the car checked over regularly so that all of the original components are still in good condition.

Sometimes older vehicles are stolen. Your classic insurance will not cover this. If your car is stolen you may have to pay a substantial amount of money to replace it with a new one. This is another reason why you must know how old must a car be to get classic insurance. If you drive around in an old car you may be charged a higher insurance premium just for driving a car that is more than a few years old.

When you are looking for how old must a car be to get classic insurance, you will find that the best way to save is to buy a new car for yourself. You will have to put some down payment money but in the long run this will be more than made up for by lower monthly insurance premiums. Just make sure that the car is safe and you will never have to worry about classic insurance. Classic cars are almost like a family heirloom so you will want to insure them for as long as possible. If your parents could do without car insurance then so can you!