10 Vehicles That Now Qualify as the New Classic Cars - TheStreet.com
NEW YORK ( MainStreet ) – We don't know how else to break this to you, '80s or '90s car owner: You're likely sitting on a classic. “We suspect that as many as half of all casual classic car owners are using standard auto policies when they could get better coverage for less money if they bought classic car coverage for their secondary-use vehicles,” says Jay VanAntwerp,... Even if you don't consider your car a classic, your insurance company might. Basically, if you have a car that sits in a garage during rough weather and escapes only when the temperature tops 70 degrees or so, that vehicle is well on its way to classic status. Progressive, for example, considers a handful of criteria when evaluating a potential classic car. If an older car is an extra household vehicle, isn't driven daily, is typically used for pleasure trips, is kept in a locked garage when not in use and is well maintained, it could be a classic. Hagerty, a classic car insurance provider and Progressive partner, suggests that insuring a car as a classic can cut the cost of insurance by up to 43% compared with a standard auto insurance policy. Source: www.thestreet.com
