Classic vehicle owners should purchase a classic car insurance policy rather than a standard auto insurance policy. If you own a classic vehicle in the New Rochelle, NY area, you can look into our policy offerings at Marenco Insurance.
The following are three major differences between classic car insurance and standard auto insurance that you should be aware of.
Generally speaking, classic car insurance doesn’t cost as much.
One of the best things about classic car insurance is that it is usually more affordable than standard auto insurance. On average, classic car insurance premiums cost almost 40 percent less than standard auto insurance premiums.
Classic car insurance policies are designed for minimal vehicle use.
The main reason why classic car insurance is so much less expensive than standard auto insurance is that classic vehicles are typically used less than everyday vehicles.
Insurance companies can offer lower premiums on these policies because vehicle usage is less. This means the chances of a claim being filed on a particular policy are lower.
Classic car insurance policies generally do not involve a deductible.
Another great thing about classic car insurance policies is that they often don’t require any deductible to be paid before coverage kicks in. The deductible is an amount you have to pay out of pocket before you’ll get funds from your classic car insurance policy.
Not having to pay a deductible can save you a fair amount of money when it comes time to file a claim.
Insurance coverage is required for classic cars out on the road, just like it’s required for standard vehicles. Shop for a classic car insurance policy by contacting our office. We offer insurance policies for classic car owners in the New Rochelle, NY area at Marenco Insurance.