Classic Cars

With this generational shift comes new insurance exposures based on the kinds of cars Gen Xers and millennials are interested in—and how they use them.

Independent agent Morgan Duffy has a “very positive outlook” for the future of the classic car insurance market. “People always complain that the millennial generation doesn’t want anything to do with collector cars,” he says. “But when I go to the trade

The improving economy comes with plenty of side effects, and if your agency sells specialty lines, one of them is that your clients have more money to invest in collectibles like classic cars.

Why are classic car repair costs on the rise? In addition to a higher standard of care, the number of specialist mechanics is dwindling.

Independent agent Troy Peterson offers classic car insurance to his personal lines clients. “Due to some technological advances, I’d say it’s actually easier to get a policy than in the past,” he says.

New to the collector car market? Use these five questions to gather information, impress your customers and look like a real expert.

In a market driven by passion, proving your value as an independent agent requires understanding coverage nuances that could make the difference between a salvage and a total loss.

Even if you don’t know it, you probably have more than a few classic cars hiding somewhere in your standard personal lines book—and it might be time to shop them around.

In the wake of the 2008 recession, collections are no longer just hobbies—they’re valuable assets. Are you certain your classic car clients have coverage that will protect their vehicles to their full market value?

For independent agent Ryan Sussman, the classic car market offers a client stable of “relationship people” who appreciate the value of the personal touch.