I am planning on getting a 1984 corvette but the insurance for it is a little too high.i just found out about classic car insurance but i really don’t know much about it.but for classic car insurance,am i limited to a certain number of things like how far i can drive my car,when i can drive,etc?will the insurance actually be less or more for classic car insurance?and what is the best classic car insurance company i should go with?
Answer:
Classic insurance will give ‘agreed value’ but limits where and how much you can drive the vette.
I have a ’68 vette, classic ins. is 6/year, ,000 agreed value, 5000 miles/year. must be in a garage when not driving, no parking in parking lots.
Agreed value is the amount they will give you if the car is totaled, in my case ,000.
Regular ins. will give you book value, which is almost always way less.