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Written by Adam Miller
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Vintage cars and classic vehicles need specialized auto insurance to ensure maximum protection for these unique assets.

Houstonians love their cars and trucks, and while many opt to buy practical or fuel-efficient vehicles for their everyday needs, some decide to splurge and buy the vintage car of their dreams. Vintage automobiles may be a reminder of their youth, or a dream car long-desired for its style or speed. Although vintage cars and trucks might be fun to own and drive, there are some important factors to consider before taking the plunge and buying a vintage or older vehicle.

First, owners need to be aware of two options regarding auto insurance coverage for their vintage or classic car. Owners may opt for an Agreed Value policy, which guarantees that the owner will be paid out the full insured amount of the vehicle with no depreciation in the event of a complete (and covered) loss. Alternatively, owners can also choose a Stated Value Policy, in which the insurance company pays the owner the lesser of the depreciated actual cash value or the replacement cost of the vehicle, also with a covered complete loss. Some insurance companies require that Stated Value Policy holders complete periodic appraisals to confirm the condition of the vehicle as this can impact the insured amount.

Secondly, vintage cars or older model vehicles might be sporty and fun, but they might not be practical or safe for transporting family members. Vintage cars might lack adequate seat belt protection, making it a hazard to drive young children. In addition, driving might be more dangerous since nearly all vintage cars lack power steering, air bags or even intermittent windshield wipers. It is often recommended that they be driven only during ideal weather conditions to ensure optimal driving safety.

Finally, vintage cars and trucks often require maintenance or repairs for older parts or components that no longer work. Before buying an older or vintage vehicle, it's important to first find a reliable, experienced mechanic or body shop that is familiar with the make and model in case work is needed down the road. This ensures that the vintage vehicle is always in top working condition and is as safe as possible for drivers and their passengers, reducing the likelihood of a car accident.

Aegis is a Houston-based insurance agency that supports Texas drivers by providing exceptional insurance solutions for all their unique auto insurance needs. The friendly and knowledgeable agents at Aegis can work with you to create a specialized auto insurance package that fully protects the value of your vintage or older-model vehicle, as well as your other personal vehicles. Aegis can also save Houston drivers hundreds of dollars in annual premiums by bundling insurance policies together, such as Auto Insurance, Homeowners, Renters, Life Insurance, and even Business Insurance coverage. Call Aegis today for more information at 713-850-7622 or go online to request a free quote!

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