State Farm and Hagerty join together for classic vehicle insurance

Classic vehicle insurance - vintage Chevy Cadillac

The collaboration is set to start providing this special form of coverage starting in early 2022. State farm, the largest private passenger vehicle insurer in the United States, and Hagerty Insurance have agreed to collaborate to introduce a new classic vehicle insurance coverage plan starting in 2022. This new policy will be called the State Farm Classic+ and will launch early next year. The collaboration will add the entirely new classic vehicle insurance policy to the market so that owners of these cars and trucks will be able to purchase…

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Classic car insurance is not the same as standard auto

Classic Car Insurance

It is important to check to make sure the comprehensive coverage is adequate on a vintage vehicle. Though it may appear as though classic car insurance is pretty much the same thing as a regular vehicle policy, it is important for the owners of these automobiles to recognize that the typical comprehensive coverage may not be enough if disaster should strike. Specialty coverage can be very affordable and will be worth it in the event of an accident. Many agents are also advising owners to look into policies that are…

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Collector car insurance to be offered once again by GEICO

Collector Car insurance

The insurer has re-launched its classic and vintage auto coverage. GEICO has announced that it has now re-launched its collector car insurance, which is designed specifically for the unique coverage needs required for vintage and classic vehicles. Though the insurer had previously ceased that product, it was brought back by popular demand. Policyholders with GEICO expressed a strong desire to have the collector car insurance returned to the marketplace so that they could insure their special vehicles. According to the vice president of the company, John Zinno, “GEICO’s collector car…

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The latest summer insurance news issues for consumers

Insurance News Amy Grant NAIC

Concerns and coverage needs change during the hotter months. Summer is now underway and all of the favorite activities for the hot weather are starting to be enjoyed. However, before you get your vacation fully underway, it’s important to make sure to check with the latest insurance news and know that you have all the coverage you need. Whether you’re buying a boat, renting a cottage, or installing a pool, consider summer coverage needs. All too many people don’t give insurance news statistics a second though, putting themselves at risk…

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Team from Classic Car Insurance examines reasons for skyrocketing premiums

Classic Car Insurance

Researchers for the rate comparison company looked into the cause of the increasing costs. A team at Classic Car Insurance has investigated the reason behind these increases and has released a report to explain why premiums are about to soar once more after a short dip to provide relief to vintage vehicle owners. This type of coverage is traditionally more costly than standard auto policies. According to the report, because of the type of vehicle that is protected by the policies, classic car insurance coverage is “often more pricey than…

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