Americans have had a love affair with the automobile since before they built the interstate highway system in the 1950s, and Iowan drivers are no different. Needless to say, protecting your classic car in the Hawkeye State means knowing your responsibilities, vis-a-vie the law, and sitting down with a qualified insurance agent from our friendly team here at Aussie Agencies.
Insuring Your Classic Vehicle with Aussie Agencies
Under Iowa law, the state offers antique car registration for vehicles over 25 years old who are eligible for this registration status. Several factors should be considered when purchasing classic car insurance. Typically speaking, classic car insurance differs from standard insurance in the following ways:
- Low rates—are charged for classic car coverage because unlike your daily driver, classic cars are only driven part-time resulting in lower premiums,
- Limited miles—are allowed to showcase your classic vehicle, and most policies allow for coverage when driving for educational, display, or exhibition purposes.
- Agreed value—differs from “actual cash value” in that any payout for a total loss would be based on a pre-agreed amount representing the total value of the vehicle.
Clearly, insuring your classic car allows for a number of options, and speaking with an Aussie Agencies representative to get the information you need is your first step to success.
Contact Our Team at Aussie Agencies
If you have questions regarding insurance requirements for your Iowa registered classic vehicle, our team here at Aussie Agency is serving the greater Knoxville, IA area, and we are ready to answer any questions you might have regarding what it takes to legally go get the road. When it is time to make sure that your classic car has the insurance you need, we invite you to reach out to our team here at Aussie Agencies to discuss your classic car coverage in Iowa.