Category: Classic Car Insurance

Whether it’s a restored barn find that’s high-value or a classic vehicle you purchased at auction if you’re treating your classic car as an asset, we can help you protect it at Maschoff Insurance. We’ll find quality coverage from companies that know the unique classic car market and come through for you if you need to file a claim in Ankeny, IA.

There’s a Difference Between a Nice Ride and a Great Investment on Wheels

We know that many large commercial companies don’t know how to calculate the value of rare automobiles or decide the proper amount for collision repairs from a specialist. We know that, while personal elbow grease and care may not be something they can estimate, the right parts, materials, and techniques are important to maintain value. It’s a specialized area of auto insurance, and we’re proud to offer it through our agency.

Show Cars, Parades, and Weekend Touring Cars

Sometimes, your beautiful classic car needs insurance that covers the wind in your hair and rides down long country roads in Ankeny, IA, and other beautiful towns around here. It needs state-required liability, as well as collision and uninsured drivers, just like your late-model daily driver. Our team can arrange quality coverage that lets you enjoy the ride, putting the miles on for fun and relaxation.

If you take it out for annual parades or the occasional car shows, let’s talk about limited classic car insurance that protects you when it’s on display and also when it’s in storage. After all, you don’t have to risk damage from our wild Iowa weather, theft, or even a barn falling on it. At Maschoff Insurance, we’re practical people, ensuring that your classic car investment has quality coverage in Ankeny, IA.

Classic automobile insurance, as the name suggests, is a specialized kind of protection for cars that are 10 years old or older and have historical importance. We offer various forms of classic car insurance here at Maschoff Insurance, serving the Ankeny, IA area.

Here is more about this specialty type of coverage:

What Is Considered a Classic Car?

There is no single definition of a car that qualifies as a classic. Insurance agencies have their own stipulations to meet in order to get a classic car policy. For example, some agencies require a car to be at least 20 years old and possess some type of rarity to be considered a classic car. Some agencies simply require the car to be registered as a classic car to qualify for classic car insurance. Contact Maschoff Insurance now to learn about our classic car requirements.

Are Classic Cars Antique or Vintage?

The term classic car often gets used interchangeably with the terms antique car and vintage car. The terms, however, are not one and the same. An antique car usually has to be at least 45 years old. It must also be maintained according to the manufacturer’s original specifications to be considered an antique. Vintage cars are those with birthdates between 1919 and 1930. Some antique cars are considered vintage cars. Classic cars, on the other hand, must be 10 to 40 years old.

Does New Hampshire Require Classic Car Insurance?

New Hampshire does require all owners of classic cars to have classic car insurance. The only way to get away with not having a policy is to never drive the vehicle on the road. If you do, and you don’t have insurance, you risk getting your license suspended as well as hefty fines. You also run the risk of getting involved in an accident and not having any coverage available to compensate you for any losses.

Reach Out To Us

Here at Maschoff Insurance, we help people every day with classic car insurance. We’re here to help keep all of your most prized possessions insured and safe on the road in Ankeny, IA. Contact us today to learn more about classic car policies and how they can benefit you.

Classic cars can be a great hobby and a great investment. To properly protect this investment, though, you need the proper type of insurance. At Maschoff Insurance serving Ankeny, IA, we can help you better understand your insurance options for classic vehicles.

Classic Car Insurance  FAQs

Regular Auto Insurance Is Not Enough?

Although you can legally drive your classic car with just a regular auto policy, it is important to note that a regular policy will not be enough to truly protect the investment you made. Classic cars are not valued the same way that regular cars are, so a regular policy will not take into consideration the other value factors. 

Classic Vehicle Value

Classic cars and vehicles need special insurance because they are valued a different way. One of the biggest factors that go into valuing your vehicle will be the investment you personally have made. Another factor will be the value the vehicle holds in the classic car market. Again, this is very different from the market value of regular vehicles. 

Determining Coverage

The best way to determine the coverage you will need for your classic vehicle, is to sit down with a trained insurance agent. This professional will be able to evaluate the vehicle accurately, taking into consideration all of the factors that affect the value of classic cars. After this evaluation, a coverage amount will be determined. 

If you would like to learn more about classic car insurance, or any of our other insurance products, please contact us at Maschoff Insurance serving Ankeny, IA, and the surrounding areas. We will be happy to answer your questions and help you find the best insurance products for your needs.