Classic Car Insurance FAQ

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Classic car ownership just keeps growing in popularity.  On any given sunny summer day, you can see and hear the iconic muscle cars of the 60’s rumble through town.

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The thing is, collector car insurance isn’t just for 60’s muscle cars.  It isn’t just for fully restored, big budget classics either.  Want to know if collector car insurance is right for you?  Take a look at these frequently asked questions:

Q:  I’ve heard that my car has to be 25 years old in order to get collector car insurance.  Is that true?

A:  This is not true.  There are many types of collector car insurance, each suited to insure a particular type of automobile.  You can insure late model exotics, limited production vehicles, special interest vehicles, replicas, fire trucks, street rods, low-riders, military vehicles, trucks, trailers, motorcycles, scooters, almost anything!

Q:  My vehicle is currently under restoration.  I drive it, but it is a work in progress that may go on for a long time.  Truth is, I’m never finished.  Can I insure my vehicle on a collector policy?

A:  Yes.  We can insure your vehicle regardless of its stage of restoration.

Q:  My car is heavily modified.  Ive heard that I cannot insure the modifications when on a regular car insurance policy.  Does collector car insurance offer me a solution?

A:  Yes!  You will be able to list all of your modifications and estimated value on your insurance application.  As long as you don’t have nitrous oxide, are not using the vehicle off-road, or for racing, you are fully covered for your modifications.

Q:  Does my vehicle need to be kept in a garage while it is not in use in order to be eligible for a collector vehicle policy?

A:  Yes.  The structure must be your own private garage, barn or pole building.  It also must be locked and secured for unauthorized entry.

Q:  I have a 1985 Cadillac ElDorado.  I am the original owner, have taken great care of the vehicle and continue to drive it daily.  Can I save money by switching to collector insurance?

A:  Probably not.  One of the major concerns of collector car insurance, is that the vehicle is not your primary mode of transportation.  It needs to be your secondary vehicle.  This is not meant for a car that you drive to work, or use as a backup to your daily driver when it is in the shop.

I already insure my collector vehicle on my regular car insurance policy.  The price is pretty good.  Why should I switch to a collector vehicle policy?

A:  You can usually save at least a few hundred dollars more by switching to a collector vehicle policy even if your current policy has liability only.  More importantly, you will receive coverage for physical damage to your car and even coverage for spare parts kept in your  garage.  This is not available through regular car insurance for older vehicles.


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    Nelson-Patterson Insurance Agency
    746 River Road
    New Milford, NJ, 07646
    Phone: 201-262-1431
    Fax: 201-262-3740

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