Owning a classic car can be a dream for many in the Las Vegas, NV area. When you own a classic car, you will have an asset that you are truly proud of and will love to care for and drive around on occasion. When you are going to purchase a classic car, it is very important to select the right insurance for it. A classic car insurance plan tends to be the right type of coverage as it offers various forms of support that can make it a good option.
Protect Your Vehicle
A great reason to get a classic car insurance plan is to protect your vehicle. A classic car insurance policy is unique as it can be curtailed to cover the full value of your vehicle. As these vehicles can appreciate in value, you will enjoy being able to lock the appreciation in through a proper insurance plan. With classic car insurance, you can negotiate a fair replacement value with the insurer.
If you ever intend to drive your classic car, you need to have liability coverage. As you will likely drive this vehicle sparingly, a classic car insurance plan could be ideal as the premium will be based on how much you expect to drive. In many cases, this results in lower liability coverage costs.
Leo Insurance Group Is Here To Help
If you own a classic car in Las Vegas, NV, it’s important to ensure that you have proper insurance coverage. You can protect your valuable investment by contacting our specialized team at Leo Insurance Group. We understand the necessity of this coverage and will help you choose the perfect plan tailored to your specific requirements. You can rely on our personalized approach to ensure the right protection for your unique situation.
Starting in 2023, the state of Nevada will require you to carry classic car insurance if you wish to obtain classic car plates. As such, you may be looking to obtain classic car insurance in the state of Nevada. Here at Leo Insurance Group, serving the greater Las Vegas, NV area, we can help.
The new law and how it may affect you:
Why is the New Law Being Implemented in Nevada?
Your vehicle is much cheaper to register and does not have smog requirements if you have a classic car plate in the state of Nevada. However, many people are registering their older cars as classic cars, even though their cars are not technically classic vehicles and even though they drive their cars often. This is not what the state intended, and as such, they have implemented this new law to ensure only classic cars can get classic car plates.
Does This Law Affect Cars That Already Have Classic Car Plates?
The law does affect you if you already have classic car plates. You must obtain classic car insurance by your renewal date, or you will have to give up your classic car plates and get new plates from the Nevada department of motor vehicles.
Get Coverage For Your Classic Car Today
Many people are taking advantage of classic car plates in the state of Nevada, and as such, the state of Nevada has implemented a law that requires you to carry classic car insurance if you are obtaining classic car plates. Here at Leo Insurance Group, serving the greater Las Vegas, NV area, we can help you obtain classic car insurance so you can keep or get new classic car license plates for your classic vehicle.
A classic car is more than a vehicle — it’s a collection of memories and heritage. Since it’s a considerable investment, you wouldn’t want anything to happen to your antique, vintage, or whichever classic vehicle you have. One sure way of protecting it from the unthinkable is by investing in classic car insurance.
Is standard car insurance the same as classic car insurance? Well, this is one of the many frequently asked questions about classic car insurance we receive at Leo Insurance Group. To that end, we’ve prepared some frequently asked questions about classic car insurance that can help you get the right insurance for your toy.
What is classic car insurance?
Classic car insurance is dedicated insurance for vehicles that are generally over 25 years. However, modern classics can also fall under this category. The other requirements for your car to qualify for classic car insurance include:
- Store the car in a secure place
- Annual restriction mileage — your classic shouldn’t be an everyday car
- Do not drive the car on a racetrack
- Driver must be over twenty-five years
Is classic car insurance the same as standard car insurance?
No, classic car insurance differs from standard car insurance in many features. The most important one is that it allows for an agreed value coverage. The agreed value policy allows you and your insurer to decide on the value of your classic car, which will be the payout value should your car be totaled.
What does classic car insurance cover?
Most of the classic car coverages are similar to those of standard car insurance. They include:
- Liability coverage
- Comprehensive coverage
- Collision coverage
- Underinsured/uninsured motorist coverage
- Medical payments
- Special parts coverage
- No attendance coverage
Classic car insurance in Las Vegas, NV
Still have unanswered questions about classic car insurance? Don’t hesitate to get in touch with Leo Insurance Group. And if you need coverage, you can count on us for an affordable and comprehensive classic car insurance policy.