Classic Car Insurance in Illinois

For collectors of classic cars, there is no such thing as taking too good care of them. That includes getting insurance on your classic car from a provider like the August Vincent Insurance Agency in East Moline, Crystal Lake, IL, or Davenport, IA. However, before you do so, there are several different things you need to know about both car insurance and how it relates to classic cars.

Why You Need Classic Car Insurance

Car insurance covers your vehicle in case of damages suffered in an accident. This can also be used in the case of a car being stolen. The purpose is to cover the cost of any damages for you instead of needing to pay out of pocket for potentially costly damages. In other words, it's a safety net for the things that matter to you in life.

How Car Insurance Differs on Classic Cars

Car insurance works by having the car owner pay a monthly payment based on their personal driving history and vehicle value. The hope is that you never have to use it, as this will increase those rates. Getting car insurance on a classic car is unique for a couple of reasons. For one, most people who have a classic car don't drive it as often as people who drive a more common vehicle. This means the risk of an accident is lower on a classic car, as it is on the road less. At the same time, the value of a classic car is generally higher than someone's everyday car. All of this goes into how your insurance policy is evaluated, which impacts how much you will need to pay on an annual plan.

For more information on classic car insurances in Iowa or Illinois, contact the August Vincent Insurance Agency in East Moline, Crystal Lake, IL, or Davenport, IA today for more information.