Classic Car Insurance in Worthington, OH & Delaware, OH
Classic car insurance may provide financial security for older, collectible or limited edition vehicles. If you’re looking to insure a classic car, Ankrom Agency can help. We offer policies designed for classic cars of many makes and eras.
What Do Insurers Consider a Classic Car?
Insurers have different guidelines, but many define a classic car as one that is at least 20 to 25 years old, kept in good condition and used sparingly. Some include modern collectible models with limited production runs. Also, most insurers expect these vehicles to be stored securely in a garage or covered space when not in use.
How Does Classic Car Insurance Work? 
Unlike a standard auto policy, classic car insurance accounts for the vehicle’s collectible value instead of its depreciated market price. These policies often use an agreed value model, which means you and the insurer decide upfront on the car’s worth. In case of a covered loss, that amount is what the insurer may pay, minus any deductible.
What Does Classic Car Insurance Cover?
A robust classic car insurance policy often includes coverage for the following:
- Physical damage to your car
- Bodily injury and property damage you cause to others
- Noncollision events like fire and theft
- Spare parts and accessories
- Roadside assistance
How Much Does a Policy Cost?
Classic car insurance costs usually depend on the vehicle’s value, condition, storage and how often it’s driven. Premiums are generally lower than standard auto insurance because these vehicles spend less time on the road and are maintained carefully. Your location and driving history may also influence pricing.
Connect With Us
Ankrom Agency offers policies designed specifically for classic cars. Contact our team today to learn more about your coverage options.