If you own a vehicle with a motor and it’s driveable, Arizona law requires you to have liability coverage at a minimum. The insurance must cover bodily injury per person for each accident. Additionally, the policy must also cover property damage.
If you own a classic or historic car in Arizona, your insurance needs might be higher than what a liability policy covers. In this case, you may want to consider buying classic car insurance.
In Arizona, a car can be classified as historic or antique if it’s more than 25 years old. Vehicles between 10 and 24 years old are considered classic if they have historical significance. Many hot rods and muscle cars are often designated as classic. Here are some examples of classic and antique vehicles:
Since antique and classic cars have their own unique set of characteristics, specific makes and models don’t have a book value. So, placing a value on your vehicle is something you’ll need to work out with your insurance provider — and our team at the Morrow Insurance Agency in Mesa, AZ is ready to help.
Once an agreement is reached on your car’s value, you can buy an insurance policy that covers the full value if you’re in a covered accident and your classic vehicle is a complete loss. Additionally, you can customize your policy based on how much you drive your car. In most cases, you can’t drive your vehicle more than 5,000 - 7,500 miles to keep your classic car status.
If you need help with designating your vehicle as classic or antique, give us a call today at the Morrow Insurance Agency in Mesa, AZ.
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