You’ve been working on your classic car for years. You’ve finally gotten it pretty much perfect, and you’re ready to start taking it to car shows or for the occasional joy ride. Did you know you will need a special type of insurance? Infinity’s Classic Collectors Coverage can protect your pride and joy in case of an accident.
Driver qualifications:
- You or any licensed driver in your household must not have had more than one traffic violation or at-fault accident in three years. There can be no more than two minor offenses in your household.
- You cannot have had any major traffic violations such as a DUI.
- You must have at least 10 years of driving experience.
- Every licensed driver in your household must have a regular use vehicle, one of which must be less than 15 years old. All of these vehicles must have coverage equal to or more than the coverage on your collector car.
- All licensed drivers in the household must be listed on the policy, and any who do not meet the qualifications must be excluded as drivers so that they can never drive the vehicle.
Vehicle qualifications:
- You cannot use your car for commuting to work or school.
- You cannot use your car for regular personal use.
- You cannot use your car for business or commercial use such as a taxi.
- You cannot use your car for any type of racing, even if it is not competitive.
- You cannot use your car as a backup or substitute car if your personal vehicle is indisposed.
- You must store your vehicle in a closed, locked garage when not in use.
- Your vehicle cannot have a value less than $5,000 if unmodified. A modified or exotic vehicle must be worth $10,000 or more.
- Ineligible vehicles include ones with chassis or interiors that are inoperable, weathered, wrecked and/or stripped; vehicles that are only good for parts and vehicles that have had previous damage.
Vehicle Types
Antiques: Vehicles that are 25 years or older and do not deviate substantially from factory available equipment or accessories for the model year are considered Antique Vehicles. Included in this category are Muscle Cars which are typically high performance, two-door vehicles powered by large V8 engines and manufactured in the 1960's and 1970's.
Modern Classics: Automobiles that are 15 to 24 years old and do not deviate substantially from factory available equipment or accessories for the model year are considered Classic or Modern Classic Vehicles. Vehicles eligible in class will typically have two doors. Four-door cars may be eligible with underwriter approval.
Exotics: Exotic Vehicles are less than 15 years old, rare or limited in production, have two seats, may be modified, and are considered to be appreciating in value. Eligible vehicles in this class are treated as collectibles and are primarily used for occasional pleasure driving or functions of public interest such as exhibitions, club activities, and parades. Agreed value is not available for exotics.
Street Rods and Modifieds: Street Rods and other Modified Vehicles are vehicles that are 20 years or older and have been moderately to heavily altered either mechanically and/or cosmetically from their original power and structural configurations while still maintaining their original identity. Lower rider cars and trucks may be eligible with underwriter approval.
Special Interest: Special Interest Vehicles are trucks, jeep type vehicles, fire engines, military vehicles, farm equipment and motorcycles over 25 years old and in show-quality condition. For truck and jeep types, photos of the bed area are mandatory and the vehicle must not reflect any potential of towing, hauling, off-road, or utility use. These vehicle types require underwriter approval.
Kit Cars and Replicars: Kit Cars and Replicars are vehicles built from purchased packages. Only Kit Cars and Replicars assembled by the manufacturer of the kit or a reputable, experienced assembly shop are eligible. Credentials may be required at the underwriter's discretion.
What’s covered?
Agreed Value: Unlike traditional car insurance, which pays you something called ACV (Actual Cash Value) for a totaled car, Classic Collectors policies have Agreed Value coverage. No matter the depreciation of your vehicle, the agreed upon value of the car will be paid out to you in full in case of a covered accident. Note that Agreed Value Coverage is offered in most cases at no extra cost, but there are some states and vehicle types where Stated Value Coverage is offered instead. While offering less coverage than Agreed Value, Stated Value Coverage is better than the alternative ACV Coverage. Exotic vehicles are the most common exception.
Choose your own repair shop: We understand that your classic car is your baby, and you won’t send it to just any repair shop. Choose a repair shop of your own, or fix it yourself. We will just pay out to you the value of your car, and you use that money for the repairs as you see fit.
Newly Acquired Vehicles: So one or two collectors cars just aren’t enough? Every vehicle added to your policy will be covered at their value up to $75,000 for 30 days.
Spare Parts: We’ve even got your spare parts covered. If someone steals your extra set of tires, we will pay up to $1000 for them to be replaced.
Trip Continuation: Sometimes you travel pretty far for a specific show or parade. If you have an accident more than 50 miles from your garage, we will pay up to $75 per day for lodging and transportation expenses incurred returning to your home address. The maximum payout is $500.
Glass: All windshield and other glass damage is covered.
Roadside Assistance: Infinity offers free membership into our roadside assistance program, Driver Club®. If you are unable to use this coverage for some reason, your Classic Collectors Insurance will cover you up to $100 for towing and labor expenses due to a disabled vehicle.
Optional Drive-To-Work Coverage: So you don’t just drive your car to shows. With this coverage, you have the luxury of using your classic vehicle to sometimes commute to work or school, as long as it is not more than 30 days out of your policy or more than five days in a 14 day period.
Mileage Plans
Unlimited: If you are in the habit of taking road trips in your classic car, this is the plan for you. There is no limit to the amount of miles you can put on the car, as long as it is only being used for things covered under your policy.
6,000 miles: This plan is better for people who take their cars to nearby shows. With this plan, you get 500 miles per month.
1,200 miles: This plan is the lowest amount of miles, which makes it the cheapest. If you almost always use a trailer to haul your car, this may be the plan for you.
Exotics and Kits: These cars have their own mileage plans of 1,000, 3,000 and 5,000 miles.
Keep your classic car safe with Infinity’s Classic Collectors insurance. Get your quote now. You perfect it, we protect it®.