“Your concern is understandable. The cost to insure the Chevette will depend on how you plan on using the car and how you want to insure it.
Since the car is fully restored, classic car coverage makes the most sense. On average, classic coverage
is 36% less
than a standard policy. If you plan on driving the car less than 3,000 per year
and have a good driving record, the cost can be very affordable.
It will also depend on how much the vehicle appraises for. The higher the value, the higher the premium.
Suppose you are not interested in using the car as a showpiece or investment. In that case, it can be added to your current insurance policy along with your existing vehicle.
Due to the car’s age, if it is involved in an accident, the actual cash value is extremely low, so liability coverage
would be a reasonable option.”