Category: Classic Car Insurance

Insuring Classic Cars: What You Need To Know

At DGIA LLC, we offer a multitude of vehicle insurance products in the Round Rock, TX area.

We specialize in protecting your investment in SUVs, motorcycles, RVs, and classic cars. Many people have a vague understanding of classic cars, often associating them with vehicles from an era long past.

Defining a Classic Car

While the term ‘classic car’ is widely used among car enthusiasts to impress various connotations, for registration and insurance purposes, a classic car is defined as a vehicle that is at least 20 years old but not more than 40 years old.

Among classic car aficionados, though, a classic car can be any vehicle that’s rare, unique, or produced in limited quantities.

Why Proper Insurance Matters for Classic Cars

Classic cars tend to be insured differently from daily-use vehicles, primarily because their values are often higher than standard "book value." Furthermore, classic cars are usually driven less frequently and may be stored securely or transported to special events and car shows via trailers. Ensuring these vehicles requires an approach that considers this scenario.

Get A Classic Car Insurance Quote from DGIA LLC

If you’re a resident of the Round Rock, TX area and own or are considering owning a classic car, DGIA LLC can help safeguard your investment. We understand the nuances of unique vehicles and collaborate with insurers who specialize in these cars. Contact us today to discuss your classic car, how you plan to use it, and how to best insure it. We are here to assist you.

When you think of classic car insurance, you may think about how it can protect your classic or exotic vehicle from theft, liability, and other concerns that most classic car coverage addresses. Sometimes, when clients approach our office at DGIA LLC in Round Rock. TX, they have a limited view of how classic car insurance could help them protect their vehicle and cover expenses associated with owning a classic, luxury, or modified vehicle. While every insurance policy has terms and conditions that are unique to that coverage, you can ask our team about options for covering repairs and upgrades on your classic car.

Can Classic Car Insurance Cover Repairs and Upgrades?

Even though each policy has terms, limits, and conditions that vary, it’s safe to say that some classic car coverage could provide coverage for repairs and upgrades. Although your specific policy might not have this feature, there may be policies out there that could provide this coverage if you ask about it. A basic classic car policy probably won’t offer this type of coverage if it only offers the absolute bare minimum. Still, you may be able to tack on additional coverage to prepare for situations where you wouldn’t be able to cover a repair or upgrade.

Some policies might only cover repairs while others might only offer coverage for upgrades, so it’s important to communicate with the insurance agent or professional who works with you to determine where your policy’s limitations may lie. If parts were stolen, you might be eligible for coverage for replacements. Depending on your specific policy, you might also be able to cover original parts instead of aftermarket ones.

For details about our classic car policies, call DGIA LLC in Round Rock, TX!