Category: Classic Car Insurance

Most people who love cars in Avon Lake, OH, dream of someday owning a classic car. When you are looking to purchase a classic car here, getting a classic car insurance plan would be smart. This is a unique type of insurance that differentiates it from typical auto insurance plans. A classic car insurance plan comes with various types of coverage that can be an excellent option for your situation. 

Maximum Coverage

A great reason to have a classic car insurance plan for your vehicle and investment is to receive maximum coverage. A standard auto plan is going to offer coverage that is around the market value of the vehicle. As these vehicles decline in value, so can your replacement coverage over the years. When you get a classic car insurance plan, you can maximize your coverage by negotiating the vehicle’s market value, which can include the collectible value you may appreciate. 

Liability Coverage

If you ever want to drive your car in Ohio, you must have liability insurance. However, as classic cars are driven sparingly, the actual risk is low. When you invest in a classic car insurance plan, you can get a policy that considers this. Typically, you will offer an estimate of mileage driven each year, and your policy premiums will be based on that reduced mileage. 

It is always a good idea to get insurance for your classic car. When trying to get a classic car insurance plan, you will want to call our team with Meiners Insurance in Avalon Lake, OH. Our professionals with Meiners Insurance will ensure you have the necessary support so you can build a classic car insurance plan that will adequately cover your vehicle. 

For some folks, collecting classic cars is practically a way of life. Of course, classic cars can be quite expensive, and as a result, they’re serious investments. If a classic car should be damaged or stolen, it could cost owners a lot of their wealth. Fortunately, collectors can take out classic car insurance. If you’re considering insurance options, contact Meiners Insurance, serving the greater Avon Lake, OH community.

For now, let’s look at some key considerations when considering classic car insurance:

How Valuable Is the Vehicle?

This is perhaps the most obvious question. As values increase, so too do risks. If a 10-year-old family sedan worth $10,000 is destroyed in a tornado, the family loses $10,000 of their wealth. If a muscle car worth $100,000 gets destroyed, that family is out $100,000. The more valuable a car is, the greater the need for classic car insurance.

How Often Do You Plan to Drive Your Car?

The more time a car spends on the road, the more likely it will be damaged. If you keep your classic car in a garage or warehouse, the risks may be rather low. Likewise, you might normally leave your car parked but may take it to the occasional classic car show or use it for a quick road trip.

Whatever your use case, it’s important to consider how much time your car will spend on the road.

What Are the Biggest Risks in Your Area?

If you live in Arizona, you likely won’t have to worry about hurricanes. If you live in a flood zone in Mississippi, you may have to worry about hurricanes and flooding caused by other events. Likewise, you might live in an area with a high crime rate. If so, your car could get stolen or damaged.

The above list is far from exhaustive, and your classic car may be exposed to a variety of other threats. Fortunately, it’s possible to mitigate risks with a classic car insurance policy. Of course, different policies will cover and exclude different things, so make sure you read the fine print.

We Are Here To Help

Have questions regarding classic car insurance? Contact Meiners Insurance in Avon Lake, OH – we will be happy to help.

For anyone that loves cars, owning a classic car is the ultimate dream. If you do fulfill this goal and invest in your own classic car, you will want to ensure that you are properly insuring it. For those with these vehicles, getting a full classic car insurance plan is a good option. Meiners Insurance in Avon Lake, OH is here to provide you with expert insurance advice.

Why You Need Classic Car Insurance

Protect Full Value of Car

A primary reason that someone will want to get a classic car plan for their classic car is so they can protect the full value of their vehicle. With a classic car insurance plan, you will have an opportunity to receive a fair replacement coverage value based on the current value of the car. This can help to protect the value of your classic car in the event it is stolen or damaged. 

Mitigate Liability Risks

Similar to when driving any other type of car, you will need to have liability insurance if you want to drive a classic car in Ohio. However, most classic car owners will not put many miles on their cars each year. When you have a classic car insurance policy, your liability coverage and premiums will be based on your actual mileage driven, which can lead to more affordable liability insurance premiums. 

Give Us A Call

Anyone that would like to get a classic car in the Avon Lake, OH area will also want to know that they have a proper insurance policy in place at all times. There are always a lot of factors to consider when you are looking for an insurance plan here and Meiners Insurance can help you build a new plan. The professionals with Meiners Insurance will take a customized approach to ensure you fully understand your classic car needs and obligations. 

Owning a classic car is a fun and entertaining experience for many people. But what if you need to upgrade your vehicle or add aftermarket parts to keep it running? Will your classic car insurance help you, or are you out of luck? Thankfully, we at Meiners Insurance can help Avon Lake, OH classic car owners understand more about this fact to fully protect your car.

What To Know About Customization and Insurance 

Typically, a standard auto insurance policy won’t cover your modifications or customization job is done to a vehicle. However, you can get supplemental insurance that helps with changes and aftermarket upgrades. And with classic car insurance, you might get this type of policy at no extra cost. 

That fact all depends on many factors. First, classic car insurance is designed specifically for older vehicles that have been classified as “classic.” And it helps to cover changes to the car that may be necessary to keep it in a classic or operative state. 

As a result, it is possible that your classic car insurance could cover the modifications that you make to your vehicle. However, it is essential to know that not all policies are made the same. Some companies may not provide this option, leaving you in a challenging situation. Or states may limit the coverage options insurance companies can provide. 

What Can You Do About This Situation? 

If you own a classic car and want to find an insurance policy covering your modifications, please contact us at Meiners Insurance right away to learn more. We serve the Avon Lake, OH area and beyond and will work with you during this process. Our team can help you find a high-quality insurance policy that makes sense and which will help.