Street rods are high performance American cars with modified engines and intricate body work. These vehicles are usually manufactured before 1949 and are used in street races or other racing events. Because of how street rods are used and modified, it's important to get the right insurance policy to protect your precious vehicle.
Standard auto policy estimates your vehicle by its actual cash value and considers the age of your car. The worth of your car goes down over time. Since street rods are classic vehicles, its value may be very low if you get a standard auto policy. This isn’t a good thing for vintage car owners because the worth of the car is devalued. With a standard policy, you tend to be paying more for lesser benefits. Street rod insurance is a specialized type of policy that uses agreed value to assess your vehicle’s worth. This allows you to state the estimated value of your vehicle and keep this specified amount for as long as you are under contract with your insurance provider.
The restorations and modifications you did to your car will also be taken into consideration when your car is assessed. Rates this type of policy are also lower because most custom providers understand these vehicles are not used for everyday driving so risk for accidents are lower.
Classic car insurance is the best policy for your street rod. Request for a a quote today.
About the Author
Drew Yagodnik is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.
