Classic cars in Texas must also, at a minimum, be protected with liability coverage for bodily injury and property damage. Unlike the normal everyday car you use to get to and from work, classic cars often need extra protection when it comes to insurance. You can get classic car insurance in Texas if you buy it from a traditional insurance company that offers classic coverage, such as Geico or State Farm, or from a specialized insurer such as Hagerty. When buying classic car insurance in Texas, you must ensure that your vehicle meets the coverage requirements of each insurer, including age specifications and annual mileage limits.
In addition, some insurers only allow you to buy classic car insurance if you drive less than a certain number of miles each year. Antique car insurance is about protecting a vehicle that actually has value (often more valuable than its purchase price). Normally, you don't need much car insurance for an old, used vehicle. New vehicles typically have extensive coverage, such as collision insurance and comprehensive insurance, since they still have a lot of value during the first two years of ownership, but vehicles depreciate over time.
A classic, collector's or vintage car is not a normal car and regular car insurance is not sufficient to protect that vehicle against damage or loss. There are several factors that affect how much you'll pay for car insurance in Texas, such as your driving history, age and location, the amount of coverage you buy, and the insurance company you buy it from. Classic car insurance is special coverage for vintage, exotic, high-performance vehicles that are driven for pleasure rather than for everyday use. Your classic car policy will include the provisions found in standard car insurance policies, in particular liability coverage for property damage and bodily injury.
However, with older cars, insurance is a good idea when a collector car is really worth something. A classic, personalized, collector's or vintage car requires insurance that reflects the uniqueness and value of your vehicle. It's not difficult to find the right vintage car insurance provider for your coverage needs, but you need to do some research beforehand. This type of insurance is often cheaper than standard car insurance, since classic cars are less driven than commuter vehicles.
However, the more you use or show an old vehicle, the more you should consider old car insurance. They represent the majority of collector vehicles, since all vehicles reach the typical age of vintage car classification at some point. The true defining age of an old car varies between different insurance companies, valuation resources, and individual owners, but the average minimum age limit is around 25 years. Instead of the depreciated value, vintage and classic car insurance policies use an agreed or “guaranteed” value that is determined between the owner and the provider.
As a result, you may have to prove that you have a normal car for everyday use when buying classic car insurance. As with any auto insurance policy, each driver's classic car insurance premium will vary depending on individual risk factors, such as location, driving history, the driver's age, and the value of the vehicle.