classic car

Do I Need Specialized Insurance Along with Liability Insurance for My Classic Car in California?

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When driving through Pleasanton, CA, you’ll likely spot a variety of vehicles, including classic cars. Like all other vehicles on the road, classic cars are required to have basic liability insurance. While specialized insurance isn’t mandatory, our agents at Miao Insurance Services can help you understand the benefits of this additional coverage.

Benefits of Specialized Insurance

For classic car owners in Pleasanton, CA, specialized insurance offers several advantages. One key feature is the "agreed value" of the car, which is the appraisal price agreed upon when the policy is written, rather than the depreciated value. This value is determined based on factors such as the car’s condition, replacement costs, the cost of parts, and its market value at the time the policy is created. If the vehicle is deemed a total loss, compensation is based on the agreed-upon value.

If your classic car is undergoing restoration, specialized coverage can include the cost of specific tools and original replacement parts needed for the restoration. Additionally, coverage may extend to regular parts and tools that aren’t original. Another benefit is roadside assistance explicitly tailored for classic cars, ensuring your vehicle is handled with care in case of a breakdown.

Contact Miao Insurance Services

Learn more about the advantages of specialized insurance for your classic car by speaking with our agents at Miao Insurance Services. We’ll help you navigate your options and recommend the best coverage to protect your classic ride. Contact us today via phone or email to ensure your classic car gets the specialized protection it deserves.

Insuring Your Exotic Vehicle with Classic Car Insurance

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Drivers in Pleasanton, CA, let Miao Insurance Services help you insure your exotic vehicle or supercar with classic car insurance. Many owners of exotic cars and supercars don’t realize that they can purchase classic car insurance to protect their vehicles, providing a higher level of coverage for their recently manufactured or hand-built vehicles.

What’s Exotic?

When we say exotic vehicles, we mean sports cars like Lamborghini or Maserati. These high-end, foreign-made vehicles often require custom orders, and only single-digit releases are often built. Their rarity instantly catapults them to classic status, although they do not meet the technical age standards used for classic, vintage, and antique vehicles.

Mileage Limitations

Most exotic car owners don’t intend to drive these rare, performance vehicles as everyday cars, so the mileage limitation in a classic car policy doesn’t impede them. Most classic car policies allow 1,000 miles of driving per year.

OEM Parts Coverage

Owners of these performance vehicles need a higher level of insurance protection than the typical auto policy provides. Classic car coverage pays for OEM parts for repairs, which could cost hundreds or thousands of dollars otherwise.

Actual Replacement Cost

Classic car coverage also provides the actual cost of replacing a vehicle that gets totaled in an accident. An exotic car could cost between $250,000 and $1 million, making this coverage vital.

Contact Us Today

Call or email Miao Insurance Services today to start your classic car policy. Let us help you protect your classic, exotic, or supercar, whether you garage it in Pleasanton, CA, or drive it on weekends to San Francisco.