The Process of Insuring Your Classic Car

Optimizing Your Classic Car Insurance

The value of properly insuring your classic car can’t be stressed enough. Whether you are already an owner or considering becoming one, these are the factors to consider.

Qualifying for Classic Car Insurance

Age alone doesn’t make your vintage auto eligible for specialized insurance, as it may vary from one insurer to another. The general pre-requisites include:

  • Limited Use: Insurance generally doesn’t cover classic vehicles used for daily commuting or errands. It also often comes with mileage restrictions, excluding car shows.
  • Secure Storage: Securely storing your classic car in a locked structure is a must under this coverage.
  • Clean Driving History: A history of reckless driving, repeated speeding or DUI/DWI might disqualify you.

Additional Considerations for Classic Car Insurance

Some noteworthy aspects of this insurance are:

  • Full Replacement Value: In the absence of a standard Blue Book Value for specific models, you must mutually decide upon an amount that covers your car’s full value without depreciation.
  • Specialized Towing, Repair, and Restoration: Go for policies that pay roughly two to three times as much as a traditional car. This covers the special care required for towing, potential restoration costs, and the expense of replacement parts.

Insuring these prized possessions requires a reliable insurer. Contact Will Wright Agency Inc. in Decatur, AL, to learn more about this specialized coverage.

Show and Protect: The Role of Classic Car Insurance in Car Show Enthusiast Circles

Car enthusiasts converge in the heart of Decatur, AL, unveiling automotive masterpieces with a passion that resonates deeply. At Will Wright Agency Inc., we grasp the fervor of these gatherings, recognizing the pivotal role of classic car insurance in safeguarding these revered vehicles.

Classic Cars: Beyond Metal and Chrome

For Decatur, AL car enthusiasts, classic cars transcend mere transportation. They embody living history, each restoration, and detail a testament to a bygone era. Preserving these vehicular works of art isn’t just a pastime; it’s a commitment to honoring the legacy of the automobile.

The Necessity of Specialized Coverage

While standard insurance is designed for modern vehicles, classic cars demand a more nuanced approach. Will Wright Agency Inc. understands this distinction, offering classic car insurance that goes beyond typical coverage. It’s a tailored approach acknowledging the unique value and emotional investment in these vintage treasures.

Your Ally in Safeguarding Dreams

As a trusted ally in Decatur, Will Wright Agency Inc. stands with car show enthusiasts, ensuring their automotive dreams are protected. This isn’t just about insurance but preserving a passion that brings the community together. Drive with confidence, knowing our team provides personalized service and insurance solutions tailored to the distinctive needs of our community.

Drive Securely with Will Wright Agency Inc.

In a world where classic cars weave stories of the past, let Will Wright Agency Inc. be your companion in preserving automotive legacies. Contact us today to explore how our classic car insurance can provide the security and peace of mind needed as you showcase your cherished vehicle in the vibrant car show circles of Decatur, AL.

Do I Need Insurance on My Classic Car if I Never Drive It?

If you live in or near the Decatur, AL area and own a classic car, you are among many other enthusiasts. Most classic car owners frequently maintain their treasures to ensure they remain pristine. If you’ve never owned a classic car, you might be confused about insurance. One question that many classic car owners have is whether to cover their cars if the vehicle is never driven. The answer is yes, as not only is minimal insurance required for classic vehicles in Alabama, but here are some key facts to keep in mind.

Your Car Could Incur Damage Despite Never Being Driven

Depending on where you stored it, if it isn’t stored properly, then there are several ways in which it could become damaged. The environment, weather, or even animals could cause your beloved classic vehicle to develop rust, scratches, or any number of other types of damage.

You Can Pay Less for Coverage Based on your Car’s Agreed Value

Although classic car coverage works similarly to traditional car insurance, with classic cars, paying less is possible. Most insurance companies will agree to provide coverage based on the vehicle’s worth. There are usually stipulations to continue to pay a lower rate. Your insurance policy will likely be "parked car insurance" and consist only of comprehensive insurance. One typical stipulation is that the car must remain in storage. If your vehicle is driven, additional insurance must be obtained. 

So, if you’re ready to start a classic car insurance policy, we at Will Wright Agency Inc. are prepared to provide you with high-quality service. One of our friendly agents will be more than happy to give you a quote and, hopefully, assist you with starting your new policy immediately.  

Top Three Ways To Protect Your Classic Car

Classic cars are more than just vehicles. Classic cars are often viewed by their owners as an investment and a hobby. At Will Wright Agency Inc, serving Decatur, AL, and the surrounding areas, we want to help you make the most of your classic car ownership. Keep reading to learn about the top three ways to protect your classic car. 

Have Proper Insurance In Place

Standard auto policies are not appropriate for most classic cars. This is because classic cars are valued very differently than regular vehicles. These cars have had special work done to restore them, and in most cases, a lot of money has been invested. It is essential to adequately evaluate the classic car by an insurance expert with experience with insuring classic cars. 

Keep The Vehicle In A Garage

Classic cars should not be exposed to the elements. Although this might be fine for your regular vehicle, a classic car should be specially maintained to help it retain its value. Keeping the vehicle in a garage also helps protect it from theft as well. 

Get Professional Maintenance 

If you are not mechanically inclined yourself, you will want to hire someone to maintain the car professionally. Different classic cars will have different needs, so it is vital to ensure they receive the proper care and maintenance they need. Always think of this as an investment you are making rather than an expense. 

If you want to learn more about classic car insurance, please get in touch with us at Will Wright Agency Inc, which serves Decatur, AL, and the surrounding areas. 

What value comes with classic car insurance in Alabama?

Anyone that lives in the Decatur, AL area will want to own a car. For those that are vehicle lovers, owning a classic car can be a dream. If you are looking to purchase a classic car in this part of the state, it is vital that you get a classic car insurance plan. This is a unique type of auto coverage that provides value that is unmatched by other types of auto coverage. 

Receive Full Protection for Car

One important reason to always get a classic car insurance plan is to protect your car’s value adequately. When you purchase a classic car, you will be making a significant investment that could go up in value. If you are appropriately covered with insurance, it will allow you to build a plan that offers coverage for the vehicle’s full value. In many cases, you are able to negotiate this coverage with the insurance provider when taking out the policy. 

Obtain Necessary Liability Coverage

You also will want classic car insurance to obtain liability insurance. If you are going to drive a classic car, you will need to have liability insurance. However, the actual risk over the policy term is likely low as you drive sparingly. The insurance providers are able to consider this when building your policy. 

Classic car insurance remains an excellent investment for those in the Decatur, AL area. Calling Will Wright Agency Inc. is beneficial if you want one of these insurance plans for your classic car. The Will Wright Agency Inc. team knows the importance and value of this coverage and can ensure you are adequately covered. 

Own a Classic Car? Don’t Leave it Unprotected

If you are one of the fortunate people who own a classic car, ensure you have it correctly insured. Contact the insurance professionals at Will Wright Agency Inc. in Decatur, AL for all the information you need to protect your car.

The hobby of owning a classic car is costly. A standard policy will not adequately protect your vehicle. To obtain insurance for a collector, classic, antique, or vintage car or truck, your vehicle needs to be garaged, used as an extra vehicle only, and not for daily use and kept in good working order.

Classic cars usually appreciate if they are correctly maintained. Your coverage should reflect the current market value of your vehicle. This special coverage will do that. It will also offer collision, liability, comprehensive, and other specialized coverage, such as:

  • You are reimbursed for the actual value of your vehicle.
  • It’s possible to have coverage for original replacement parts.
  • You can go to the restoration or repair shop of your choice.
  • You can drive your classic car at any time without mileage restrictions.

While it might seem logical to put your classic vehicle on your existing car insurance policy, there are reasons to get coverage created, especially for the needs of your classic. Classic car insurance usually covers your car up to an agreed value, whereas standard car insurance will not provide as much coverage.

Because the values of classic vehicles can vary quite a bit, making your vehicle more expensive to insure. As most classic car insurers have rigid eligibility requirements, having a clean driving record helps to keep your monthly premiums down.

If you are one of the lucky few who can enjoy this terrific hobby, make sure you have all the coverage you need in case of a mishap. Contact the professionals at Will Wright Agency Inc. today for answers to all your questions. You will be glad you did.

Different types of classic car insurance coverage

Will Wright Agency Inc. is here to help you meet all of your classic car insurance needs. If you own a classic car and live in the greater Decatur, AL area, you can count on us! We believe that classic cars are a lot more than a hobby. They’re an investment. Call or stop by our office to learn more about the types of classic car insurance policies available in our area.

The right insurance for your classic car

When it comes to protecting a classic car, regular auto insurance will not cut it. There are several different policy options available to classic car owners. The level of protection that you need will depend on a few various factors, including:

  1. How old is the car?
  2. How many miles has it been driven?
  3. Do you drive the car regularly?
  4. Is the vehicle stored outside, in your home’s garage, or a temperature-controlled storage unit?
  5. Are car shows and rallies something that you participate in regularly?

Your insurance agent will want to know the answer to these questions and more. This list can help you start thinking about your insurance needs and how to meet them best. If you still have questions, give our agency a call today, and we can answer them! We can also address any concerns that you may have about obtaining the appropriate insurance policy for your classic car.

Call or stop by today!

If you live in the Decatur, AL area and have a classic car, the Will Wright Agency Inc. team will provide all of your insurance needs! We can help you find the right policy today. Call or stop by our office and find out more!

Alabama Classic Car Insurance – What You Need To Know About Classic Car Insurance

You just inherited your Dad’s 1989 Honda Del Sol, it’s a beautiful car as your Dad kept it in a heated garage for years.  The Del Sol is a rarity to see on the road nowadays, so you know that the car is a gem for car collectors.  Your Dad didn’t touch a thing on the car and barely put a few hundred miles on it every year.  Is there a way that you can protect this classic car besides keeping it in a garage?  Of course!  That’s where classic car insurance comes into play!  Will Wright Agency Inc. in Decatur, AL has many insurance plans including classic car insurance that will cover your insurance needs.

Rules of Eligibility

In the scenario above, your Dad’s Honda Del Sol is a 32-year-old car (as of 2021) which satisfies the 20-40 year timeline that cars need in order to be considered a classic car.  This Honda Del Sol is also an all-original, numbers-matched car which means that there have been no alterations or modifications to the vehicle whatsoever.  An all-stock car is also a requirement for a vehicle to be considered a classic car.  Supposing that you keep the car, you would need to change coverage from classic car insurance to antique car insurance in 2030 as the car would turn 41 years old, and it will fall out of that 20-40 year window of time.

Classic Car Insurance

Classic Car Insurance insures the car to the full market value of the car, which is above Kelly Blue Book and other market values.  The insurance will protect your car whether it’s on the road or stored away in your garage.  

To Learn More

You can learn more about classic and antique car insurance by contacting Will Wright Agency Inc. in Decatur, AL today!

Why should people get classic car insurance in Alabama?

When you are in the Decatur, AL area, owning a vehicle will be considered a necessity. For those that are car lovers, one dream is to own a classic vehicle. Similar to any other type of vehicle or important asset, you will want to ensure that you have proper insurance on your classic car. There are several reasons someone in this part of the state should invest in a proper classic car insurance plan. 

Coverage Protects Full Value of Car

A reason you should obtain a classic car insurance plan is so you can protect the full value of your vehicle. If you own a classic car, there is a good chance that it will increase in value throughout the year. Due to this, you will want to know that you are protecting this potential asset value. With a classic car insurance plan, you can work with the insurance provider to develop a coverage plan that will properly cover this asset.

Coverage Will Provided Valued Liability Coverage

You should also get a classic car insurance plan to reduce your liability risk. If you are going to invest in a classic vehicle, you will need to have standard liability risk in place at all times. However, as many classic car owners do not drive very frequently their actual liability risk is somewhat limited. A classic car insurance plan will reflect your actual risk based on mileage and other factors.

Picking a classic car insurance plan in the Decatur, AL area is always a big decision. As you are looking to insure your classic car, you should call Will Wright Agency Inc. There are a lot of choices to make when picking a new insurance plan and Will Wright Agency Inc. can provide the support you need to build your plan. 

Types of Classic Car Insurance

Classic cars fall under a different cluster of specialization from regular cars, allowing owners to get the benefits of their increased value as opposed to the decreased value that comes with everyday vehicles. But despite these differences, both types of vehicles still require the same level of coverage features. Here are some types of classic car insurance offered by Will Wright Agency Inc. for Decatur, AL drivers.

Liability Insurance

Liability insurance falls under the state’s mandatory coverage and offers protection in instances of bodily injury and property damage. Under bodily injury, liability insurance covers 3rd party expenses arising from hospital fees, while property damage takes care of the costs of replacing and repairing damaged vehicles and property.

Medical Coverage

Medical coverage offers protection to you and your passengers when you get into an accident, allowing you to have peace of mind during your recovery. Medical costs of treatment are taken care of by this policy and any examination expenses arising from your injuries.

Underinsured/Uninsured Coverage

If you get into an accident with an uninsured motorist, you are likely to incur the cost of your medical expenses. If, however, you have an uninsured/underinsured policy, it protects you from such emergencies, along with instances where you get injuries from a driver whose coverage does not fully compensate you.

Collision Insurance

Collision insurance is another type of cover available to classic car owners which protects you when you get into a crash accident. Crash accidents often include collisions with posts, vehicles, or other objects on the road. In addition to this, collision insurance also covers you during rollover accidents, ensuring expenses arising from the replacement or repair of your classic car are taken care of.

Comprehensive Insurance

Comprehensive insurance covers costs of damage arising from other-than-collision incidents, with examples being hail, theft, and vandalism. If your classic car also faces fire hazards, comprehensive insurance sees that costs of repairs or replacement are taken care of.

If you are looking for partners within Decatur, AL to help you keep your classic car protected, it is only ideal working with experts in the field. Contact Will Wright Agency Inc. today for classic car insurance.