Collectible Car Insurance: Tips on Buying Classic Cars

When purchasing a car, there are many factors to keep in mind, such as gas mileage, insurance costs, etc. When buying a classic car however, there are even more important features and potential issues to keep in mind. Vintage and classic cars are a very fun item to collect for many people, however if this is your first time buying a classic car, it’s important to keep the following tips in mind.

Do your homework. Know what the classic car you are considering is actually worth. With the advent of technology and social media sharing, it’s really easy to get in touch with experienced car collectors who are “in the know”.

Don’t start with a rusty car. You may be able to replace panels or repair rusty spots, but once a car has rust, it always has rust. This is a sign that the car has not been taken very good care of, and you should probably pass on that purchase.

Check that all the parts belong to that car. This means looking at the engine, transmission, and rear axle to make sure they all link up to the vehicle’s VIN number. The transmission and rear end will usually be stamped with date codes, which you can look up to determine if the dates sync correctly.

Buy what you like. It’s easy to want to purchase a classic car that is being sold at a really good deal. However, if you do plan on taking any leisure trips in it, wouldn’t you want a car you’d truly love to drive?

Consider the color. You may be surprised by how much a rare color combination can drive up the value of a classic vehicle. It’s always wise to invest in classic cars that are one-of-a-kind.

At Condon Skelly, we know how exciting it can be to start a classic car collection. We’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage since 1967. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. For more information, please contact us today. (866) 291-5694