For numerous car enthusiasts out there, few things sound as thrilling as cruising down the highway in a mean American muscle car like a Ford Mustang, Gran Torino or a Dodge Charger. It is no surprise, then, that these owners treat their vehicles as their most treasured possessions and want the best kind of insurance for them.
Is my car an American classic?
Some US regulations lump all cars made after 1926 and up until the 1980s into the ‘classic’ category, while the Classic Car Club of America (CCCA) recognises all “fine” or “distinctive” American or foreign-built automobiles from 1925-1948 as ‘classic’.
However if you live in Australia and your four-wheeled, shiny-chrome American dream was made over 15 years ago, the answer is – generally – yes.
What does American classic car insurance cover?
While covered events and benefits differ between providers, some of the most common covered events for American classic cars include:
- Accidental damage. If your pride and joy gets damaged as the result of an accident, your insurer will typically foot the repair or replacement costs.
- Loss or damage by fire. If your vehicle is lost in a fire or it sustains considerable fire damage, your insurer will provide financial cover.
- Storm or flood damage. As with other classic car insurance policies, American classic car insurance can cover the repair or replacement of your vehicle if it suffers flood or storm damage.
- Damage to another vehicle or property. If you’re involved in a car accident where the other person’s vehicle or property sustains damage, your insurer can cover the repair costs.
- Theft or attempted theft. Your provider can recoup the costs associated with the repairs to your vehicle if it was stolen and later recovered in a damaged condition.
- Damage to modifications. Your insurer can finance the repairs or replacement of any modifications or fittings on your car if they get damaged by fire, flood, storm or a vandalism act or get stolen.
- Vandalism or malicious act. If your car suffers damages from a vandal attack, your insurer is obliged to provide repairs cover.
- Windscreen or window glass damage. Most imported American car insurers include the cost of windscreen or window glass repairs in the insurance policy. Some insurers offer this feature excess free.
- Emergency repairs to your car. Most insurers can cover emergency repair costs to a predetermined limit.
- Salvage rights. This means you automatically retain the ownership of the wreck in the event of a total loss of your vehicle, which you can then choose to restore or sell for parts.
- Towing. Your insurer can cover costs associated with a towing vehicle if your car gets damaged in a road accident.
Specialised benefits for American classic insurance policy holders can include:
- A new replacement vehicle for the first registered owner
- A selection of specialised Australian repairers
- Lifetime repair guarantee
- Hire car in case of an accident or theft
- The option of paying premium by instalments.
How we can help
Here at comparethemarket.com.au, we can help you insure your muscle car. While we do not provide a comparison service for American classic insurance, we are happy to refer you to a trusted Australian provider who can help you get covered.