Can I bundle classic car insurance?

Many insurers offer bundling options for classic cars, though specialized carriers might offer better coverage.

Bundling classic car insurance with other types of insurance, like home or regular auto insurance, can be a convenient and cost-effective way to manage multiple policies. This usually involves getting all your insurance from the same company, which might offer you a discount for doing so. However, classic cars often require special insurance due to their unique value, limited use, and age. While many mainstream insurers provide bundling options, the coverage they offer might not be as comprehensive or tailored as what you'd get from a specialized classic car insurance carrier. These specialized insurers understand the particular needs of classic car owners, such as agreed value coverage, which ensures you receive the full insured value of your car in the event of a total loss. If you choose to bundle with a mainstream insurer, make sure to carefully review the terms to ensure they meet your classic car needs.

Let's say you own a vintage 1967 Ford Mustang that you take out only for weekend drives and car shows. You also have a standard daily driver and a home that you insure. You decide to bundle all these with your regular auto and home insurance provider to save on premiums. However, upon reviewing the policy details, you notice that the agreed value for the Mustang isn't quite what you expected. After some research, you find a specialized classic car insurance provider that offers a policy better suited to the nuances of owning a vintage car, including coverage for spare parts and inflation protection. By switching your classic car policy to a specialized provider and negotiating with your current insurer about remaining policies, you manage to maintain or even increase your savings while ensuring the Mustang is properly protected.

When considering bundling classic car insurance, it's important to balance convenience and cost savings with the need for appropriate coverage. Start by listing all the insurance policies you currently have or need, including home, regular auto, and classic car insurance. Contact insurers to inquire about bundling discounts but also reach out to classic car specialists. Compare policies carefully, paying close attention to what each policy covers, especially for your classic car. It's crucial to ensure that the value and particular needs of your classic vehicle are maintained in the coverage, such as agreed value and limited mileage considerations. Don't hesitate to negotiate and ask detailed questions, and remember that the best savings might sometimes come from having policies with different companies if it means your assets are properly protected.