The world of collector cars is constantly changing—and each generation brings something new to the garage.
While early enthusiasts from the Silent Generation laid the foundation, it was Baby Boomers who brought classic car collecting into the mainstream. Their love for vehicles like the Chevy Bel Air, Ford Mustang, and Corvette Stingray ignited the restoration trend and sparked the rise of restomods—classic car bodies with modern upgrades.
Gen X collectors tend to be fueled by nostalgia and pop culture. Think the Bullitt Mustang, the Vanishing Point Dodge Challenger, Magnum P.I.’s Ferrari 308, and of course, KITT, the talking Trans Am from Knight Rider.
Now, Millennials are entering the scene in full force, falling for the icons of their childhood: the Mazda Miata, Toyota Supra, BMW M3, and even vintage trucks and SUVs. Many of these vehicles are already climbing in value—and quickly becoming the future of the collector market.
With more interest than ever and younger drivers joining in, classic cars are evolving into a vibrant, growing segment. And with that comes the need for smart protection.
Protection That Makes Sense—Even for Limited Use
No matter what kind of classic you own—whether it’s a vintage muscle car, a custom restomod, or a collector SUV—it deserves the right coverage.
One of the first things to consider? How often you drive it.
If you use your vehicle for car shows, weekend cruises, or occasional joyrides (under 5,000 miles per year), you could qualify for a limited-use rate—typically much lower than standard auto policies.
Agreed Value Coverage — Know Exactly What You’ll Get Back
Unlike everyday cars, collector vehicles can increase in value over time. That’s why you’ll want a policy that includes agreed value coverage.
With this type of protection, you and your insurer agree on your vehicle’s value up front. If your car is totaled or stolen, you’ll receive the full agreed amount, minus your deductible—no depreciation, no guesswork.
Because It’s More Than Just a Car
Let’s be honest—your classic car isn’t just another vehicle. It’s a passion project, a rolling investment, and sometimes even a work of art.
Whether you’re restoring it, displaying it, or driving it on backroads, you want the peace of mind that comes from knowing your prized ride is protected.
Want to make sure your collector car is properly insured?
Call Olde Towne Insurance today at
(540) 775‑7070 or
contact us online to get started.
www.oldetowneins.com
*This content is developed from sources believed to be providing accurate information. The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel. Individuals involved in the estate planning process should work with an estate planning team, including their own personal legal or tax counsel. Neither the information presented nor any opinion expressed constitutes a representation by us of a specific investment or the purchase or sale of any securities. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. This material was developed and produced by Advisor Websites to provide information on a topic that may be of interest. Copyright 2021 Advisor Websites.