Rare classic cars are valuable investments that require specialized insurance. Owners of these unique vehicles often need coverage that reflects how they use their cars and protects their financial value. Limited mileage policies are one option that works well for collectors who drive their cars sparingly. If you’re in Knoxville, TN, here’s what you need to know about this type of coverage.
What Is a Limited Mileage Policy?
Limited mileage policies are designed for cars that are not driven often. Rare classic cars are typically reserved for special occasions, such as car shows or short weekend drives. With this type of policy, you agree to drive the car only a certain number of miles per year. This arrangement can help lower premiums while ensuring your vehicle is properly insured.
Why Limited Mileage Policies Are Ideal for Rare Classic Cars
Rare vehicles have unique insurance needs that standard auto policies may not address. Limited mileage policies are tailored to the way collectors use their cars, offering coverage that reflects their value and limited use. For Knoxville collectors, this type of policy can be a practical solution for protecting your investment without paying for unnecessary coverage.
Other Features to Look For
In addition to limited mileage coverage, rare classic car owners should consider policies that include agreed value coverage. This ensures you will receive the full insured value of your car in case of a total loss. Some policies also offer protection for spare parts, restoration costs, and transportation to car shows. AWB Agency, located in Knoxville, TN, can help you find a policy that fits your needs.
Rare classic cars require insurance that matches their value and importance. Limited mileage policies are a great option for collectors who want to protect their vehicles while keeping costs manageable. Contact AWB Agency, located in Knoxville, TN, to learn more about insuring your rare classic car.
