How easy is it to maintain a classic car?
What type of insurance do I need for a 1969 Chevy Camaro? Does it cost more to maintain a classic car?
“Typically, classic cars tend to be more expensive to take care of than a standard car. This is because it’s important to maintain a classic car to retain its value.
You’ll need to ensure that the vehicle:
- is in a safe environment
- is stored in an enclosed space when not in use
- is not your primary driving vehicle
If you don’t have a garage, you’ll likely need to rent a storage space to protect it. You’ll also have to source original parts for your vehicle instead of using modern parts for repairs.
Beyond this, you’ll need car insurance on the vehicle.
Depending on your driving record and the vehicle, you may qualify for classic car insurance. If not, you’ll need to add your vehicle to your regular auto policy.”
MORE: Car Storage Insurance
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