According to Tennessee law, auto insurance is required for any car you own. However, the policies aren’t necessarily the same from vehicle to vehicle. For example, if you have a classic car, your policy is different from what it would be for a modern one. If you’re wondering whether that’s the type of policy you need, consider this overview of how it works. 

What Is Classic Auto Insurance? 

Standard auto insurance policies are written with the assumption that you’ll be driving the car regularly. That’s not necessarily the case with a classic car, which most people own simply for the nostalgia or aesthetic, or because they like having something to restore. Consequently, insurance for classic cars tends to be less expensive because there’s a lower risk that something will happen to them. 

However, if you total a classic car that was previously in good condition, the payout will likely be higher than it would be for a vehicle with a standard policy. That’s because the value of a well-maintained classic car rises over time, whereas the value of modern cars starts depreciating as soon as they’re driven off the dealership lots. 

You may even get little to no deductible if you and your insurance agent agree on the classic car’s worth before completing the policy. Some policies can be customized to cover parts and tools for restoration, temporary restoration work, roadside assistance, collectible items, and the right to keep the car while still receiving a payout, even if it becomes totaled. 

What Qualifications Are Necessary? 

While the qualifications for classic auto insurance may vary from one insurance agency to another, most have certain criteria in common. To be considered classic, for example, the car must be at least 20 years old. There are some exceptions, such as antique cars, muscle cars, race cars, military cars, modified cars, trucks, retired commercial vehicles, and others. 

Additionally, you may be required to have a minimum of 10 years of driving experience with no major incidents on your record. You also have to prove that you have one or more other vehicles for regular, commercial, and off-road use, and that you own a safe, reliable, and enclosed space to store the classic one. 

 
To look into getting auto insurance for a classic car, contact American National Insurance - Allison Hilton in Chattanooga, TN. As a seasoned expert in crafting personalized policies, she’s happy to ensure that your coverage provides exactly the protection you need for the classic vehicle you cherish. Your policy may even allow you to receive cash back for good driving habits. Get a free quote today by calling (423) 892-5456.