What Should You Look For In Classic Car Insurance

If you are a lucky classic car owner, you should understand how to treat your precious vehicle the right way. For example, you should ensure the right coverage to protect it. Classic car insurance is the specific type of insurance designed for classic cars. Here is what you should look for in this type of insurance:

  • What is covered by classic car insurance? A standard classic car insurance policy usually provides bodily injury liability coverage, property damage liability coverage, uninsured/underinsured motorist coverage, collision coverage, and comprehensive coverage. Do you need extra protection to be super safe while driving your precious car? Get one of the optional coverages that can be added to your standard insurance. 
  • What is excluded from the policy? Your car insurance probably has certain limitations, which you should know. For instance, it probably does not cover your classic car if you use it for everyday commutes and regular errands. In addition, most classic car insurance policies have mileage limitations. 
  • The type of car you have. Keep in mind that not every car is considered classic. A classic vehicle is usually unique or rare and of special historical interest. It is also different from an antique car, which is defined as a vehicle that is at least 25 years old. 

If you are a classic car owner living in Tyler, TX, or any other nearby town in Texas and looking for classic car insurance, EasTex Insurance is here to help. We specialize in different types of insurance, including classic car insurance. Feel free to reach out to EasTex Insurance, and we will be glad to answer all of your questions and provide the information you need. 

Buying a Classic Car? Three Things to Consider When You’re Choosing an Insurance Policy

If you own a classic car, you want to be sure your pride and joy is protected, and an essential part of that is ensuring that you have the right insurance policy for your needs. At EasTex Insurance, serving Tyler, TX, we’re proud to provide our customers with a full range of insurance options for classic vehicles. 

Consider what you need to know about choosing an insurance policy for your classic car. 

What Does Classic Car Insurance Cover?

Classic car insurance covers many of the same benefits as a standard car insurance policy. For most classic car insurers, a car can fall into the classic category when it’s at least ten years old. A classic car insurance policy typically covers bodily injury and property damage when you’re occasionally driving your car, taking your car to and from auto shows, and driving to and from collector vehicle events. 

General Classic Car Requirements

While all policies differ, many have similar requirements for a vehicle to be eligible for classic car status: 

  • Storage: Some classic car insurance policies require that you have a safe space (like a garage or barn) to store your classic vehicle. 
  • Eligibility: Some insurers require a clean driving record to purchase classic car insurance. 
  • Usage: You can’t insure a car with a classic car policy if it’s a car you drive regularly. You may need to show proof that you own another car for daily use before you’re permitted to purchase a classic car insurance policy. 

Reach Out to EasTex Insurance, Serving Tyler, TX, Today

If you’re in the market for classic car insurance, we’re here to help! Contact EasTex Insurance, serving Tyler, TX, today for a classic car insurance quote.

Fast Facts about Texas Classic Cars

Everything’s bigger in Texas — and when it comes to classic cars, that includes the motor, details, and a vast appreciation for these great vehicles. And while Texas may love its classic cars, losing one of these great autos can be devastating. Don’t risk it; find the right insurance plan with EasTex Insurance serving Tyler, TX. Based on definitions from the state of Texas, here are some things you need to know.

Street Rods

In a slightly confusing description, street rods are cars manufactured before 1949. Alternatively, a car manufactured after 1948 that also "looks like a vehicle manufactured before 1949" can fall under this classification.

Custom Vehicle

Custom vehicles are typically those at least 25 years old but not older than 1949. If a car is built outside of these specs, it must look like a typical model older than 25 years but younger than 1948.

Classic Vehicles

A "Classic" car typically refers to any of the above vehicles over 25 years old. These vehicles must pass a safety inspection from the Texas Department of Motor Vehicles (TXDMV).

Antique Vehicles

Antique vehicles may fall in the same age frame as any of the terms above but are exempt from safety inspections. To verify if your specific vehicle meets the requirements, check with the TXDMV. 

Your vehicle type also indicates your different types of insurance needs. For example, you probably won’t be taking a road trip with your antique vehicle, so liability concerns may not match those of your cruise-worthy Shelby Mustang. Instead, you might maximize theft or damage coverage.

EasTex Insurance, serving Tyler, TX, knows classic cars and your needed coverage. 

Why Buy Classic Car Insurance?

What kind of insurance is best to buy for an older car? Most agents would answer this question with classic car insurance. This type of insurance financially covers your collectible vehicle in the event of property damage, theft, or collision loss. While a classic car might bring you more personal happiness with its nostalgic value, it will still be more prone to on-road breakdowns, collisions, or thefts. At EasTex Insurance, we’re discussing your options for this form of auto insurance.

How is Classic Auto Insurance Different?

Auto insurance is a broad field encompassing different types of auto insurance, including liability for personal injuries from an accident. Situations like roadside assistance might also be covered under auto insurance. One specialized field is classic car insurance, which focuses on the specific needs of the car owner. This could include preventing depreciation by insuring the car’s value, otherwise known as recoverable depreciation. This plan might also cover expensive maintenance fees common for classic vehicles. These additional policies will make all the difference in a comprehensive insurance plan. 

Classic auto insurance will depend on several factors, including the model, the age, and the car’s condition. Before signing up for an insurance plan with an agent, be sure to look into all the policy clauses that would apply to your situation. 

Purchase Classic Car Insurance in Tyler, TX

Ready for an auto insurance plan that covers your collectible vehicle needs? Then it’s time to contact the Eas Tex Insurance Agency in Tyler, TX. You can call our staff at 903-581-8888 to schedule an appointment with our team. From there, we’ll discuss your options. 

How To Choose the Right Classic Car Insurance Policy

If you’re like most people, you dream of owning a classic car. There’s just something about those beautiful machines from a bygone era that captures the imagination and stirs the soul. And when you finally take possession of your dream car, you want to ensure it’s adequately insured. But what kind of insurance is right for a classic car? That’s why it’s important to work with an experienced insurance agent who understands the unique needs of classic car owners. The agents at EasTex Insurance in Tyler, TX are experts in this field and will highlight a few key points to consider when choosing a policy.

Value of Your Classic Car

It’s important to have an accurate appraisal of your vehicle’s worth to ensure you’re carrying enough coverage. The value of a classic car can fluctuate, and you don’t want to be caught underinsured.

Coverage for Spare Parts

Your classic car is more than just a vehicle; it’s a work of art. And like any fine art, it requires special care and attention. That’s why you must ensure your policy covers spare parts if something needs to be repaired or replaced.

Agreed Value vs. Stated Value

There’s a big difference between an agreed value policy and a stated value policy. An agreed value policy means that in the event of a total loss, you will receive the full amount of coverage regardless of the actual cash value of your vehicle at the time of the loss. A stated value policy means you will receive a payout based on the current market value of your car. Make sure you understand the difference before choosing a policy.

EasTex Insurance in Tyler, TX has been helping classic car owners find the right insurance for their needs for years. We know what it takes to insure a classic car properly and can help you find the right policy. Give us a call today to learn more.

What You Need to Know About Classic Car Insurance

If you are a classic car enthusiast, you want to be able to protect the investment you have made in your vehicles. It is important to know that a classic car needs special auto insurance. At EasTex Insurance, serving Tyler, TX, and the surrounding areas, we can help you better understand the insurance products available. Keep reading to learn more. 

Is Regular Auto Insurance Good Enough?

You can carry a standard auto insurance policy on your classic car, but you should understand that this type of policy will not provide the appropriate coverage. A classic car is not valued the same way a regular vehicle is. When you purchase a typical auto policy, the vehicle will be valued based on narrow criteria. This means that the amount of coverage offered by the policy will not include the vehicle’s true value. 

How Does Classic Car Insurance Work?

Your vehicle will be valued individually when you get a classic car policy. This means that a standard value formula will not be used. Your car will be valued based on the specific investment that has been made into the car. The insurance agent will also consider how much the car is worth to collectors. 

How Much Coverage Do I Need?

To properly understand how much coverage you will need, you will want to sit down with an insurance agent trained in classic car valuations. This professional will be able to evaluate your particular car and give you a solid value for coverage. 

If you would like to learn more about classic car insurance or any of our other services, don’t hesitate to contact us at EasTex Insurance, serving Tyler, TX, and the surrounding areas. 

Why You need classic car insurance

If you own a classic car like 1970 Chevrolet Corvette or 1957 Ford Thunderbird, you may need classic car insurance from EasTex Insurance of Tyler, TX. Yes, it may not be your daily drive, but you still need car insurance. 

Then you may ask: Isn’t conventional car insurance sufficient? Traditional auto insurance is inadequate since classic cars appreciate while typical cars depreciate from the moment you drive off the lot. 

But why do I need classic car insurance, yet I rarely use it? Here are the answers.

Liability protection

The few days you are using your car, you can cause an accident that causes bodily injury or property damage to others. Thankfully, classic car insurance protects you against these liabilities even when you are sued.

 It protects your asset

Of course, you have bought or held on to your car for many years because you value it. As such, it makes sense to insure it against perils like theft, fire, hail, falling objects, and so on. 

But what value do I get compensation for when my car is totaled? Because your classic car appreciates instead of depreciating, you need to be aware of the below values:

  • Agreed value: It’s an advance payout amount you agree with your insurer. This predetermined value is what your insurance will pay when your car needs replacement.
  • Stated value: It’s the amount you will inform your insurer (with support of documentation, of course) that your car is worth. This will be the insured value of your car.

It’s required

Just like your typical car, Texas requires you to carry classic car insurance as long as you drive on public roads. Failure to show proof of auto insurance may subject you to numerous fines and penalties. Is it worth the risk, yet you can purchase affordable coverage from EasTex Insurance?

Buy home insurance today!

Do you own a classic vehicle in Tyler, TX? Don’t hesitate to get in touch with EasTex Insurance to purchase affordable classic car insurance.

Exploring The Different Types Of Classic Car Insurance

EasTex Insurance serves the Tyler, TX community, as well as the surrounding areas. We help our clients find the coverage they need to protect themselves in the event of a catastrophe. We offer custom policies designed to meet the individual needs of our clients. We proudly assist the community as an independent insurance agency.

The Different Types Of Classic Car Insurance

Owning a classic car is a significant investment. A classic car is one of your most prized possessions. To earn classification, your vehicle should be at least 20 years old. Most importantly, you should only drive the car on special occasions. Normally, that means showing off your car at special car shows and conventions in Texas. To protect your asset, consider the benefits of classic car insurance.

Classic car insurance helps you maintain the value of your car. You are covered if your vehicle is stolen or vandalized. You are also covered if you are involved in a collision. Liability coverage protects your vehicle if you are ruled to be at fault for the collision. Here is a look at some different types of car insurance.

You can opt for antique coverage. For your vehicle to earn antique classification, it has to be over 30 years old and working in its original condition. If you add new parts to the vehicle, you’ll have to amend your policy to protect those items if they are damaged or stolen.

Similarly, you can opt for modified coverage that specifically protects any upgrades to your vehicle’s body and engine. It may be a good idea to have your vehicle appraised once you install these new parts. That way, you will have a clear idea of how valuable your classic car is currently.

EasTex Insurance Will Help You Protect Your Investment

Contact our office in Tyler, TX today to learn more information about classic car insurance.  

Is classic car insurance right for me?

If you are in the Tyler, TX area and have a passion for cars, there is a good chance that you would like to own a classic car. If you are looking to purchase a classic car here, you should spend time also thinking about your insurance needs. While getting a standard auto insurance policy may work in some situations, there are plenty of situations when getting a classic car insurance policy would be a good option. There are several reasons why getting classic car insurance could be a good option for you. 

You Want to Cover Full Value

One reason you will want to get a classic car insurance policy is that you want to cover the car’s value. A classic car is a unique type of car because it can appreciate in value greatly over time. Due to this, you will want to protect the true value of a car. When you get classic car insurance, you can negotiate the car’s replacement value with your insurance provider.

You Want Liability Insurance that Reflects Risk

It would help if you also considered getting a classic car insurance policy to get a liability policy that reflects your actual driving risk. If you are going to buy a classic car, there is a good chance that you will drive it infrequently. While you are required by law to have liability insurance, you can have a premium based on the amount you actually drive, with a classic car policy, which could reduce your costs.

As you are looking for classic car insurance in Tyler, TX, you should call EasTex Insurance. The team at EasTex Insurance can give you the guidance you need to pick a policy. This will ensure that you continue to receive the proper protection. 

Why Get Classic Car Insurance Instead of Automotive Insurance?

Understanding Classic Car Insurance

When it comes to insuring a car in Texas, you are only required to carry the minimum amount of protection. This is often okay for many vehicles, but classic cars are a different story. Protecting one should mean special considerations, such as the car’s value, special needs during transportation, and the cost of repairs or restoration in order to retain the value.

Difference Between Classic Car and Automotive Insurance

There are some significant differences to consider when deciding between traditional automotive and classic car insurance. Traditional automotive insurance typically does not offer enough coverage since it only provides coverage up to the depreciated value of the car- not your vehicle specifically but of that make and model of car.

Classic cars, however, are more of an investment. They do not usually depreciate over time because the owner has put time and money into it. Most of them are restored to their original look and operations, so the value appreciates. If the insurance company is going by the average depreciated value, they are not taking into account the work the owner has done or how much your classic car is actually worth.

Due to the value of your classic car, repairs and restoration are usually going to cost more than a regular car, so your insurance coverage needs to be able to cover the higher costs- something traditional auto insurance does not do.

Transportation costs must also be considered. Classic cars need to be towed with care to retain their value and decrease the risk of additional problems. Traditional automotive insurance does not cover specialized towing, but classic car insurance does.

At EasTex Insurance of Tyler, TX, we know that your car is your baby, and babies deserve extra care and attention. Let us help you give it to them.

Rates and levels of protection can vary according to your precise vehicle and your insurance goals. Stop by or give EasTex Insurance a call to a classic car insurance quote and just what protections we can provide.