Baby Boomers talk of cars made with flare and style in days gone by insurance, unlike today’s cars that are centered on functionality and safety instead of how the car makes the owner feel. They, as well as thousands of people of all ages today, own collectible and vintage vehicles in mint or excellent condition, and the enthusiasts and collectors of these cars of yesteryear have given a real boost to the market for Vintage Car Insurance.
Because the vehicles covered are unique and rare, vintage car insurance is very different from traditional car insurance. Some of the cars are classics upgraded to modern, and others have entirely original designs and parts. There are cars that may not be considered collectible, although they are older and in very good condition, and that is why the kind of car is important to insurers. During the l970s and l980s, for instance, many cars in production during that era did not become collectibles. Unique body styles, big-block V8 engines, foreign sports cars, two-door sports cars, convertibles, and other cars twenty years old or more, have common characteristics that make them collectible.
Owners must have definite uses for their classic cars in order to quality for collector’s status of insurance coverage. For instance, if a vehicle is driven daily to the owner’s workplace, an insurance agency may not want to provide vintage or collector vehicle coverage for that particular car. Having the car on display, taking it to shows or exhibitions, or driving it only for leisure may be the criteria for it to quality for vintage car insurance. A company may also want to know if the owner stores the car in a climate-controlled area. The agency may also look for owners that have insured vehicles for regular everyday use in order to qualify for vintage programs for the collectible car.