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Texas antique car insurance policies are handled much differently from standard policies, and not all car insurance companies will insure them.

Without antique car insurance in TX, if something happens to your antique car, your standard auto insurance policy will not cover the worth of the car.  You will essentially get the “blue book” value of the average car of that make and model, rather than benefits that you could get with the proper Texas antique car insurance.

After reading through to find some of the differences between standard issue Texas auto insurance polices and Texas antique car insurance policies then use our free quote tool to compare rates for both.

Texas Antique Car Insurance Policy: Antique, Classic, And Vintage Cars

Often these words are used interchangeably, but in the world of Texas antique car insurance there is a world of difference.

  • Antique Cars – Antique cars are at least 25 years old, not used as a regular form of transportation, and are shown in parades, road rallies and other special events.
  • Classic Cars – Classic cars are automobiles that were produced between the years 1925 and 1948.
  • Vintage Cars – Vintage cars are cars built prior to World War One between the years 1919 and 1930.

Stipulations In Texas Antique Auto Insurance Policies

There are a number of things while shopping for antique car insurance in Texas that you need to keep in mind.  There are stipulations that are put in place that are not in a standard Texas auto insurance policy.

  1. You must have a decent driving record with at least 10 years driving experience.
  2. Teen drivers and drivers will poor driving records will not be covered on the policy.
  3. You must have a garage that is secure where you can keep the car out of the elements and the weather.
  4. Proof that you have another car for daily driving.
  5. Antique car insurance is sometimes limited by the age of your car.
  6. There is a limit to mileage you can put on the car.  The limit is usually around 250 miles a year.

Texas Antique Car Insurance Policies: “Value” Definitions

There are three automotive values that you need to be aware of when purchasing your Texas antique car insurance.

  1. Actual Cash Value – This is what you get with standard insurance policies and is based on replacement cost minus depreciation.
  2. Stated Value – The insurance company pays up to the stated value of the car, but may not guarantee the full stated value.  If you say your car is worth $500,000 they will believe you and you can buy insurance for a $500,000, but that doesn’t mean if the time comes the insurance company will pay the full amount and deductibles apply.
  3. Agreed Value – For most policies there is no deductible and this is a value that you have agreed upon with your insurer that they will guarantee.  Make sure that you keep all receipts and paperwork, from parts and labor to expenses incurred for classic car shows.  This can help you justify the value of your antique car to your insurance agent and company.

Texas Antique Car Insurance: Search To Maintain Proper Coverage 

If something were to happen to your antique car you don’t want to find yourself in the position that your car wasn’t fully insured, yet at the same time you don’t want to pay more than you have to in order to insure it if the worst were to happen. Here are some factors to consider:

  • Antique car prices rise each year.  If you haven’t changed your coverage in a few years you may want to seriously consider raising it.  Chances are your antique car is worth more today than it was five years ago
  • Restoration facts. If you are in the process of restoring an antique car you don’t need to pay mileage statistics.  The car’s value increases with the more work and money you put into it.  As you are restoring it, you will want to up the coverage to make sure it’s fully covered at all times.
  • Specialty Insurers. Consider going to an insurance company that specializes in insuring antique automobiles.  Even if you would prefer to go with your regular car insurance company, get information from those that specialize in antique car insurance first, where you know what to look for and ask for.

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