A classic Mercedes-Benz car is a beloved collector’s vehicle. That’s why you want to make sure you’re insuring and protecting it properly, so you can continue to enjoy every ride with peace of mind. Learn how insurance differs for classic vehicles with help from Mercedes-Benz of Annapolis.

How Does Classic Car Insurance Work?

Classic car insurance is different from traditional insurance for many reasons. To start, it doesn’t account for vehicle depreciation, as classic cars actually go up in value over time. With classic car coverage, insurance will pay out the total agreed-upon value of the car, unlike with new vehicles, which calculate value against depreciation. Classic cars are also driven much less often than new vehicles, and they are maintained much more carefully in most situations, which is why you’ll find that classic car insurance is typically around 30% to 40% of the cost of traditional car insurance. You may also find that there are additional levels of coverage for classic cars, such as spare parts coverage to provide you with parts if yours are stolen or damaged.

How Do I Qualify for Classic Car Insurance?

There are many benefits to getting classic car insurance coverage, but there are also some qualifications and restrictions you’ll want to keep in mind. To start, most insurers require that the car must be at least 25 years old (or 20 years old with collectible value). You cannot use it for daily driving or commuting, only for events such as parades, pleasure rides, or car shows, and the vehicle cannot be used for racing. Drivers must typically have a clean driving record with no at-fault accidents within the last few years, and vehicles must be stored in a garage.

Find Your Next Classic Mercedes-Benz in Annapolis, MD

The more you know about car coverage and care, the more confident you’ll be on the vehicle ownership journey. From pre-owned vehicles to brand new, Mercedes-Benz of Annapolis is here to help along the way. Find your next future classic Mercedes-Benz vehicle at our dealership.