Geico Classic Car Insurance: Coverages, Benefits and FAQs

Geico is a reputable car insurance company that offers insurance coverage for classic cars. Classic car owners can take advantage of Geico’s specialized coverage options, including tailored policy limits and agreed value coverage. This article will explore Geico’s classic car insurance coverage, its benefits, and frequently asked questions (FAQs).

What is Classic Car Insurance?

Classic car insurance is specialized coverage designed to protect vintage or classic cars that are not used for daily activities. These types of cars are typically looked after and stored in a collector’s garage or facility. Classic car insurance policies are designed to provide comprehensive coverage that protects the vehicle for its true value.

Geico offers specialized coverage options that cater to classic car owners. Geico’s classic car insurance policy offers tailored policy limits and agreed value coverage, which ensures that the policyholder gets the full amount for the vehicle in case of total loss or theft.

Tailored Policy Limits

Geico offers tailored policy limits for individual classic cars according to their true value. This means that the coverage amount will be based on the vehicle’s value and not on an estimated market value. This eliminates the need for the customer to worry about underinsuring or overinsuring their classic car.

With Geico’s tailored policy limits, the classic car owner can rest assured that their car is fully protected to the exact value of their car. This feature also allows the policyholder to adjust and update their coverage as their car’s value changes over time.

Agreed Value Coverage

Agreed value coverage is an insurance feature that guarantees that the policyholder will receive the full value of their classic car in case of total loss or theft. This means that the insured and the insurance company agree on the car’s value upfront and sign a contract to that effect.

Geico’s agreed value coverage takes into account several factors, including the car’s age, condition, rarity, and overall value. This ensures that the policyholder gets the full amount they agreed on in case of a total loss or theft.

Benefits of Geico Classic Car Insurance

24/7 Customer Service

Geico offers 24/7 customer service for classic car insurance policyholders. This feature ensures that the customer can get assistance with their policy at any time of the day or night. The customer can contact Geico’s customer service team via phone, email, or online chat.

Flexible Payment Options

Geico’s classic car insurance policy offers flexible payment options, allowing the customer to choose a payment plan that fits their budget. The customer can choose to pay their premiums monthly, quarterly, semi-annually, or annually.

Optional Coverage Options

Geico’s classic car insurance policy offers optional coverage options that cater to the specific needs of classic car owners. These coverage options include:

• Emergency Roadside Assistance: Provides assistance in case of a mechanical breakdown or flat tire.
• Personal Injury Protection: Covers medical expenses in case of an accident.
• Uninsured Motorist Coverage: Protects the policyholder in case of an accident caused by an uninsured driver.

Discounts

Geico offers several discounts for classic car insurance policyholders, including:

• Multi-Car Discount: Provides a discount for insuring multiple cars under the same policy.
• Safe Driver Discount: Provides a discount for drivers with a safe driving record.
• Paid-in-Full Discount: Provides a discount for paying the policy in full.

FAQs

Q: What Vehicles Qualify for Geico Classic Car Insurance?

A: Geico’s classic car insurance policy covers vehicles that are over 25 years old and are in good condition. The vehicle must not be used for daily activities or commercial purposes.

Q: What Coverage Options are Available for Geico Classic Car Insurance?

A: Geico’s classic car insurance policy offers tailored policy limits and agreed value coverage. Optional coverage options include emergency roadside assistance, personal injury protection, and uninsured motorist coverage.

Q: How is the Value of a Classic Car Determined?

A: The value of a classic car is determined by several factors, including the car’s age, condition, rarity, and overall value. Geico’s agreed value coverage takes into account these factors and ensures that the policyholder gets the true value of their classic car in case of total loss or theft.

Q: What Discounts are Available for Geico Classic Car Insurance Policyholders?

A: Geico offers several discounts for classic car insurance policyholders, including multi-car discount, safe driver discount, and paid-in-full discount.