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Discussion Starter · #1 ·
Hi, I'm trying to pit a worth on my car as I'm looking into Classic Car insurance. Everything on the car is original and it's pristine condition.
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Good question. Might want to call your insurance agent on that. Even though you might put a policy for $10,000 ( just a random number ), I doubt if anything happens to your car they will just give you that amount.
Last time I was in an accident in 1993, they would not give me the value of my car, they gave me a lower amount and said I could buy another one for that amount, even though blue book value was higher.
 

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Discussion Starter · #3 ·
Good question. Might want to call your insurance agent on that. Even though you might put a policy for $10,000 ( just a random number ), I doubt if anything happens to your car they will just give you that amount.
Last time I was in an accident in 1993, they would not give me the value of my car, they gave me a lower amount and said I could buy another one for that amount, even though blue book value was higher.
I managed to get collector insurance and got the car insured for $10,500
 

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good to know. So you are able to get an agreed upon price of payout if something happens to your car? I might want to do that also. It would be very difficult to replace my car with the same thing. And I am sure if something happened they would low ball me. The prices of replacement for any car right now has skyrocket. Right now I am looking for a good condition 1989-93 B2200. In decent shape I am looking at well over $5000. Two years ago it would have been about $2,000-$3,000.
 

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Discussion Starter · #6 ·
Defining the Difference
Here are the general rules for distinguishing between classic cars, antique cars, and vintage cars:
  • Usually, to have the title of a classic car, the vehicle will need to be at least 20 years old.
  • Antique cars are over 45 years old.
  • Vintage cars are built between 1919 and 1930.
 

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I have four cars. The younger being 2008, the elder being 1987. Two are legally titled in Virginia as 'antique.' I have been thru the 'insurance claim' hurdle several times. I have found that as long as one can show maintenance, upkeep, repairs, replacements expenses, the accident/theft damages are covered up to your policy limits ... the point being that ... if my 1987 Jeep were damaged/stolen ... the 'value' is not necessarily "blue-book' .. but is what you can successfully argue as 'blue-book-plus-the-added-value-of-such-upkeep.' Yes, it depends upon your persuasive abilities ....
 
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