Do I Need An Appraisal To Insure My Classic Car?

If you have an older car, you likely don’t need an appraisal to do the careful process of Tune-Up. If your car is new, you may want to consider an estimate from an appraisal firm. It helps you get the best interest rates on your classic car. 

Many car dealers will have a website where you can download an online car appraisal form and complete it with the car’s previous owner. This will give you a more up-to-date report and analysis of the car’s history. You can also get this form signed by the car’s previous and current owner. This will give you further proof that the car was properly cared for and has a good history. For inquiries, give us a call at North Coast insurance Services in Lexington, MI.

Appraisal and Classic Car 

If you are like most people, then you probably have several classic cars on the market. An appraisal will help you determine if the car you are looking at is worth the money spent on it. 

If you’re buying a classic car, you need to research and know the current market value of the car. An appraisal is an analysis of the car’s value based on factors like depreciation, history, and the condition of the car when it was purchased. The best time to do an appraisal is during the buying process. 

If you’re buying a car that has been sitting for a long time, an appraisal might reveal some valuable information. However, you’re not legally obligated to do an appraisal. This is because the classic car market value is the buyer’s responsibility. The car’s current market value is an independent indicator of its value. 

Give Us A Call

If you have a classic car, an appraisal might be the best way to get the most out of it. It will examine the car’s condition, cost of ownership, and history, looking for signs of recent damage. An appraisal will also look for signs of past ownership that could impact its value. it may not cost any more than a regular visit to the car shop and will usually yield more information than an online search. 

An appraisal is not required but recommended. For expert insurance advice in the greater Lexington, MI community, let North Coast insurance Services serve you.

Frequently Asked Questions (FAQ) About Classic Car Insurance in Michigan

When you have a classic car in Michigan, you have a lot of extra responsibilities for taking care of it. Classic car insurance is one of those responsibilities. This kind of car insurance is not going to be like your everyday use Michigan auto insurance policy.

At North Coast Insurance Services, we want Lexington, MI residents to feel secure with their classic car insurance policy. Before you design your policy, make sure you have all of your questions answered.

What is a Classic Car?

In Michigan, you need classic car insurance if your car meets the classic car criteria:

• A car at least 26 years old
• Well-maintained, drivable, safe to drive
• Not used for everyday
• Stored according to regulations

What are the Driving Requirements for Classic Car Insurance?

Classic car driving is not the same as everyday auto driving. It is a skill that insurance companies want left to the best drivers. To hold classic car insurance in Michigan, you need to meet certain criteria:

• You must have a very good driving record with no major reports in 3 to 5 years
• You must have a separate vehicle for everyday use

There are some insurance companies that may require a minimum age to drive a classic car, or a minimum driving history for years of driving.

What You Need With Classic Car Insurance

When you have classic car insurance, you want it protected from financial risks. There are a number of minimum requirements for classic car insurance, that will provide liability and property damage.

You can also get insurance that covers you for proper towing and roadside assistance in the event your classic car is in a collision. Towing a classic car is not the same as towing an everyday use vehicle.

Get a Quote

If you are looking to insure a classic car in Michigan, it is easier than you might think. At North Coast Insurance Services, we know how important special cars are to Lexington, MI drivers. Call us for a quote today.