Collector Vehicle Insurance in Waco TX
Collector vehicles are investments, passions and rolling pieces of history. Because of their rarity and value, they require a different kind of coverage than your average vehicle.
What Is Collector Vehicle Insurance and How Does It Work?
Collector vehicle insurance is designed for cars not driven daily and typically stored safely. It often comes with lower premiums than standard auto insurance, but with specific conditions like mileage limits and usage restrictions. Collector vehicle insurance is generally intended for vehicles that meet the following criteria:
- Used occasionally and only for leisure driving
- Kept in a secure, enclosed garage
- Not used in races, timed competitions or instructional driving programs
- Valued for their collectible status or historic significance
What Does Collector Vehicle Insurance Cover?
You can customize your collector vehicle policy to include several types of coverage. Your agent may recommend the following:
- Agreed value coverage may pay the full insured amount if the vehicle is declared a total loss without depreciation.
- Spare parts coverage may cover the cost of rare or original parts, which are often more expensive or more challenging to find.
- Restoration coverage may cover your car during the restoration process.
- Towing and roadside assistance coverage may provide financial aid for services in case of breakdowns, flat tires or battery issues.
Learn More
Owners of classic and collector cars turn to Herman Bell Insurance Agency for personalized coverage solutions. Let our team review your vehicle’s needs and guide you toward the appropriate policy. Contact us today.