Collector Vehicle Insurance Quote | TCS Insurance Brokers

COLLECTOR VEHICLE INSURANCE QUOTe

Save time, money and get peace of mind with your personalized Classic / Collector Vehicle Insurance quote from TCS Insurance Brokers.

What’s required to qualify for a classic or collector vehicle policy?

To qualify for a high coverage, low rate, collector insurance policy, your vehicle must be a true classic or collector that is garage kept. The collector/classic vehicle cannot be the only ride you own because it must only be a pleasure use vehicle, not a commuter or commercial used automobile.

What do I need to provide to get the quote approved?

After you have reviewed the quote we will need to submit photos and documents to the insurance company for them to approve the quote for purchase. Here is the list of items that you must provide:

Photos of the vehicle/s; Front, Rear, Passenger Side, Driver Side, Engine Bay, Trunk or Bed, Interior (front & back), Odometer (showing current miles) and VIN plate.
Photo showing the vehicle/s inside the garage.
The policy declaration pages for your regular auto insurance.

What if I don’t have a garage to keep my classic in?

Our insurers will accept storage kept vehicles or vehicles kept at another location that is locked and secured.

What coverage limits should I carry for my collector/classic car or truck?

We recommend that you match the coverage you currently carry on your personal auto insurance policy. It does not make sense to carry less coverage when you drive your classic than when you drive your commuter. The roads and risks remains the same whenever you drive.

*With most Classic Car / Collector Vehicle insurance you will be required to match the coverage limits of your daily driver vehicle. A copy of your current declarations pages will be requested before the policy can be initiated.

How does classic car insurance differ from regular car insurance?

Standard vehicles are typically covered under a Personal Auto policy on an Actual Cash Value basis. This value is calculated by subtracting depreciation from the replacement cost. Because this model is based on an expected lifetime and diminishing value, it is not designed for classic vehicles that appreciate over time.

While personal auto carriers do offer Stated Value coverage, often at a discount. While you provide documentation to “state” the car’s worth at the start of the policy, a significant caveat exists: the insurance company can choose to pay either the Stated Value or the Actual Cash Value, whichever is less.

In contrast, quality collector vehicle insurance utilizes Agreed Value. This is a guaranteed amount that you and the insurer agree upon at the start of the policy, based on appraisals, photos, and relevant documentation. In the event of a covered total loss, the insurance company guarantees payment of this full agreed-upon amount.