What Does Classic Car Insurance Cover?

In some circles classic and antique are synonymous. The fact is an antique car is normally 25 years old or older, while a classic car is normally 14 to 24 years old. The agents of TAB Insurance Agency LLC are always there to answer questions about classic car insurance. If you are a classic car owner and live in Austin, TX, you can have all of your questions answered about classic car insurance answered in just a few minutes.

Not Your Daily Driver

One of the things that will determine whether or not your classic car can be covered under a classic car policy is how often you drive it. In most cases, if you use it as your daily driver, it won’t qualify for this type of insurance. Driving it occasionally is fine. Certain policies, however, require that the miles driven per year be kept under a certain amount. This reduces your risk of an accident and saves wear and tear on the vehicle. 

Higher Value, Less Liability

While you still need to have the amount of liability insurance required by the state, classic car insurance is more about protecting your investment. Classic cars that have been fully restored will normally hold a higher value than other vehicles. This will make it more expensive to repair or replace parts that are damaged if an accident occurs.

Residents of Austin, TX who own classic cars and want to make sure they are insured as such can turn to the agents of TAB Insurance Agency LLC for all of their insurance needs. Call and schedule an appointment today to make sure your classic car is fully protected at all times. 

Insuring your Teen Driver, Coverage to Consider

Virtually every insurer requires you to include all family members with a license on your insurance, even if they don’t drive your car. Make sure to tell your insurer when your teen gets a learner’s permit. You don’t have to list them until they are licensed. If you aren’t sure whether you need to include a teen driver on your policy in Frisco, TX, call TAB Insurance Agency, LLC for more information. In the meantime, here’s some information to start you out.

Divorced Parents of Teen Drivers

For divorced parents with part-time custody, the coverage policies vary by insurer. The best case scenario is that the parent with primary custody insures the new driver, but sometimes both have to. You can get an exclusion to avoid paying an extra premium in certain circumstances. However, if your teen driver gets into an accident, they aren’t covered.

Most of the time, it’s cheaper to add teens to your policy than to leave them off and get them their own insurance. 

Choose a Car That is Insurance Friendly

One way to save money when insuring teens with their own car is to make sure the vehicle you buy is safe. This keeps down the cost of insurance because insurers take the safety record of the make, model, and year of your vehicle when they set premiums. If there are several vehicles in a household, assign your teen driver to the one with the cheapest value, since the value of the vehicle is another important factor used to determine your insurance rates.

If your child is going to buy their own car, you can check out the safety ratings on the IIHS’s website, which provides insurance losses by make and model. Older vehicles with fewer auto insurance losses usually have lower premiums and provide more coverage if your teen is in an accident.

Call TAB Insurance Agency, LLC in Frisco, TX to find out what insurance options are available when insuring your teen driver.