Classic Car Insurance in Nevada
A classic car deserves a fantastic insurance policy. A custom, collectible, or antique car is no ordinary vehicle, and every scratch or dent is enough to rip your wallet apart. If you are thinking about purchasing a unique set of wheels in Las Vegas, NV, you may want to learn more about insurance and how it works. Here is what you need to know about Nevada classic car insurance.
Which vehicles are considered “Classic?"
Before you start looking for classic car insurance, make sure your car qualifies for the name “Classic car.” A classic or antique vehicle appreciates, unlike most modern cars, which depreciates. A car is considered classic if it is older than 25 years. However, that doesn’t mean any car above 25 is antique. Your vehicle must be eligible for car shows, used few times, and locked in secure storage. It must be in its best condition with every part working as it should.
Can regular auto insurance cover a classic car?
Yes, and no. The standard auto insurance policy is for standard cars, not classy cars. The policy may provide some coverage, but it may not be adequate to cover the vehicle's full value. Remember classic cars appreciate, while auto insurance policies take depreciation, mileage, and age into account when determining the price.
What are the coverages?
Nevada classic car insurance has similar coverages to standard auto insurance only on a higher level. The policy offers:
- Comprehensive coverage
- Collision coverage
- Property damage liability
- Bodily injury liability
Classic car insurance covers your vehicle based on what you agree with your Las Vegas, NV insurer. If the value increases, you can adjust the limit to reflect its value anytime. Since spare parts are not readily available, classic car insurance pays for specialized repairs and replacements if your car gets damaged. The cost is usually higher than the cost of repairing a regular vehicle.
To learn more about classic car insurance, contact Red Rock Insurance today, and our insurance agents will be happy to answer any questions you may have.