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426 Main Street Suite 2
Stoneham, MA 02180
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LoPriore Independent Insurance Agency 426 Main Street Suite 2, Stoneham MA

Call us at 781-438.-375 Email Lopriore Insurance for all of your personal and commercial insurance Send us a message at 781-438-1375

Classic Car Insurance & Car Collections

Specialized Insurance for your Classic Cars and Automobile Collections

As a collector car owner, you appreciate the difference between a 1956 Silver Cloud and a mass market car.  As an insurer of individuals with unique possessions and sophisticated lifestyles, LoPriore Insurance understands the importance of exceptional coverage and service.

What is it

Classic Car and Auto Collections Insurance provides specialized insurance that offers the coverage needed to protect your vehicle properly.  LoPriore Insurance recognizes that as a collector you take great pride in protecting your investment, and we are proud to offer our customers a specialized insurance policy with low insurance rates.

why do i need it

As a collector car owner, purchasing Collector and Classic Car Insurance from LoPriore Insurance will give you the extended and specific insurance coverage tailored to properly protect your prized vehicle. In most cases your insurance cost will be less than standard car insurance. Specialty coverage is priced at a reduced rate since the vehicle will not be operated daily.

Who needs it

Any car enthusiast that wants the most complete insurance protection for their prized vehicles. LoPriore Insurance Agency partners with insurance companies that understand classic cars and auto collections best.

COVERAGE DETAILS

The LoPriore Insurance Agency Classic Car Insurance Program includes the following coverages:

High-value car coverage: whether it’s a historic automobile or a newer exotic car, our agency can offer high limits of coverage. Agreed Value Coverage, specially designed for collector vehicles, pays the full-insured amount in the event of a total loss and reflects the insured value of the car.  For partial losses it includes diminution in value as a result of the loss.

Flexible Usage: although most collector cars are maintained primarily for use in exhibitions, club activities, parades and other functions of public interest, and while insurance carriers reduced rates reflect this limited use, there is no specific mileage restriction on most policies.

Repair shop of choice: policyholders are free to use any restorer they choose or even do the work themselves with no reduction in loss settlement.  However, by using insurance carriers pre-screened quality repair shops, policyholders receive a guarantee for all repair work performed.

High optional liability limits: coverage includes protection from legal actions for up to $1 million, more than most other insurance offers.  For collections where there are more cars than drivers, blanket liability coverage is available to avoid multiple premium charges.

“For display only” coverage: insurance companies also offer specially priced coverage for large car collections that are primarily “for display” (garaged and/or exhibited) and driven only to maintain the vehicle.

FAQs

How much is a Classic Car Insurance Policy?

Generally, the cost for Classic Car Insurance is about 40% less than a standard car insurance policy since insurance carriers recognize your vehicle will not be used daily.

What’s my Classic Car worth?

You can obtain an auto appraisal from a licensed appraiser to establish value of your vehicle.

What are the usage restrictions and guidelines for my Classic Car Insurance Policy?

Classic Car Insurance allows you to enjoy your car as you wish for pleasure use. However, the only limitation to this is that the vehicle is not intended to be operated as a daily use car.

See our Reviews
  • I have met many people in the Insurance industry, over my career of transacting Real Estate, and as a Broker/Owner of a firm. None, have made themselves so invaluable that I call them first without question, except for Lopriore. They offer consistently great service and rates, and help my clients with timely advice. - Sean C