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Four of the Most Valuable Classic Cars of All Time

Classic cars make for great collector’s items and investments. Some models can sell for many millions, costing more than most modern hypercars. If you own such a collectible car, classic car insurance is all but a must. Reach out to Midwest Professional Insurance to learn more about classic car insurance.

Four Most Valuable Classic Cars

The 1962 Ferrari GTO

One of the most iconic cars from one of the most iconic auto brands of all time, buying a 1962 Ferrari GTO could set you back around $50 million. This Ferrari won the 1962 Italian GT Championship. Just 36 models were built, explaining the high price tag.

1956 Aston Martin DBR1

Aston Martin ranks among the most respected brands in the supercar world. Its classic cars often sell for millions of dollars, with one 1956 Aston Martin DBR1 fetching over $22 million at an auction in 2017. This model won the Le Mans in 1959.

1935 Duesenberg SSJ

Many of the most valuable collector’s cars hail from the late 50s and 60s when the global auto sports industry raced into the imagination of populations across the world. The 1935 Duesenberg SSJ hails from an earlier era but has fetched $22 million at auction. You can bet the buyer took out classic car insurance. This American legend packs a dual-supercharged, inline-eight-cylinder engine that cranks out 400 hp, a massive amount of power for the era.

1965 Ford Mustang

Individually, the Mustangs from 1965 typically aren’t as valuable as the cars mentioned above. However, most of the aforementioned cars are incredibly rare, whereas more than 500,000 Ford Mustangs were put together in 1965. This car played a major role in ushering in the era of muscle cars and remains highly sought after, often selling for $50,000 or more. Limited edition variants, like the Shelby models, can sell for more than a million.

Have a collectible car in Kansas you’d like to insure with classic car insurance?

Contact Midwest Professional Insurance serving the residents of Kansas. We are happy to help!

Read More

Classic cars make for great collector’s items and investments. Some models can sell for many millions, costing more than most modern hypercars. If you own such a collectible car, classic car insurance is all but a must. Reach out to Midwest Professional Insurance to learn more about classic car insurance.

Four Most Valuable Classic Cars

The 1962 Ferrari GTO

One of the most iconic cars from one of the most iconic auto brands of all time, buying a 1962 Ferrari GTO could set you back around $50 million. This Ferrari won the 1962 Italian GT Championship. Just 36 models were built, explaining the high price tag.

1956 Aston Martin DBR1

Aston Martin ranks among the most respected brands in the supercar world. Its classic cars often sell for millions of dollars, with one 1956 Aston Martin DBR1 fetching over $22 million at an auction in 2017. This model won the Le Mans in 1959.

1935 Duesenberg SSJ

Many of the most valuable collector’s cars hail from the late 50s and 60s when the global auto sports industry raced into the imagination of populations across the world. The 1935 Duesenberg SSJ hails from an earlier era but has fetched $22 million at auction. You can bet the buyer took out classic car insurance. This American legend packs a dual-supercharged, inline-eight-cylinder engine that cranks out 400 hp, a massive amount of power for the era.

1965 Ford Mustang

Individually, the Mustangs from 1965 typically aren’t as valuable as the cars mentioned above. However, most of the aforementioned cars are incredibly rare, whereas more than 500,000 Ford Mustangs were put together in 1965. This car played a major role in ushering in the era of muscle cars and remains highly sought after, often selling for $50,000 or more. Limited edition variants, like the Shelby models, can sell for more than a million.

Have a collectible car in Kansas you’d like to insure with classic car insurance?

Contact Midwest Professional Insurance serving the residents of Kansas. We are happy to help!

Do all people need to get classic car insurance for their classic cars?

Owning a classic car can be a great option for anyone that is a car lover and is looking for an alternative investment. If you would like to get this type of vehicle, you need to get the right insurance for it as well. There are a few reasons why someone will want to get a classic car insurance plan for their prized asset.  Midwest Professional Insurance in Kansas offers this guide in navigating classic car insurance. 

Getting Classic Car Insurance 

Ensure in Compliance with Liability Requirement

An important reason to have an insurance plan for your classic car is to ensure you are in compliance with your liability requirement. While classic car owners are likely to drive vehicles only sparingly, they are still obligated by law to carry the right insurance when they are on the road. This means carrying a liability insurance plan whenever driving on a public road in any state. 

Protect the Car

You also should get a classic car insurance plan to protect your car. If someone is going to invest in a classic car, they will want their investment to pay off over the long run. A great way to ensure this happens is by getting classic car insurance, which will include provisions to cover the car in the event of theft or accident damage. A classic car insurance plan is ideal compared to standard auto insurance as it can also be used to insure the collectible value of the car.

Contact Us Today

Having a classic car insurance plan is a good idea for any classic car owner. Once you are ready to start looking for your next policy, calling Midwest Professional Insurance is a great option. Our team in Kansas will know the value of this coverage and can provide you with guidance to properly insure your classic car. 

Read More

Owning a classic car can be a great option for anyone that is a car lover and is looking for an alternative investment. If you would like to get this type of vehicle, you need to get the right insurance for it as well. There are a few reasons why someone will want to get a classic car insurance plan for their prized asset.  Midwest Professional Insurance in Kansas offers this guide in navigating classic car insurance. 

Getting Classic Car Insurance 

Ensure in Compliance with Liability Requirement

An important reason to have an insurance plan for your classic car is to ensure you are in compliance with your liability requirement. While classic car owners are likely to drive vehicles only sparingly, they are still obligated by law to carry the right insurance when they are on the road. This means carrying a liability insurance plan whenever driving on a public road in any state. 

Protect the Car

You also should get a classic car insurance plan to protect your car. If someone is going to invest in a classic car, they will want their investment to pay off over the long run. A great way to ensure this happens is by getting classic car insurance, which will include provisions to cover the car in the event of theft or accident damage. A classic car insurance plan is ideal compared to standard auto insurance as it can also be used to insure the collectible value of the car.

Contact Us Today

Having a classic car insurance plan is a good idea for any classic car owner. Once you are ready to start looking for your next policy, calling Midwest Professional Insurance is a great option. Our team in Kansas will know the value of this coverage and can provide you with guidance to properly insure your classic car. 

Why should I get a classic car insurance plan?

Most people will need to own a vehicle at some point to get around town. One particular type of vehicle that car lovers will want to own at some point is a classic car. There are typically vintage and rare vehicles that offer a significant amount of collectible value. As this can be a very major asset, protecting it with the right insurance is important. There are a few reasons that you should get a classic car insurance plan to protect this vehicle.

Insurance Will Protect Vehicle Value

An important reason people should get a classic car insurance plan is so they can protect the value of their vehicle. Classic cars continue to appreciate in value, which is different from most other cars that tend to lose some value each year. Due to this, you will need a specific type of insurance that will protect this unique value. A classic car insurance plan does provide support to ensure the collectible value is protected.

Liability Insurance

No matter where you drive your classic car, you need to have liability insurance. However, classic car owners do not typically drive their vehicles much each year. With a classic car insurance plan, you can get the coverage you need to stay protected while receiving a premium that reflects the reduced risk that comes with lower annual mileage. 

If you would like to get a classic car, speaking with a professional about your insurance needs is very important. As there are a lot of choices to make when you are looking for a classic car insurance plan, you should call Midwest Professional Insurance. The team with Midwest Professional Insurance can help you build a plan that provides the right coverage. They can answer all of your questions and ensure you are able to make an informed decision. 

Read More

Most people will need to own a vehicle at some point to get around town. One particular type of vehicle that car lovers will want to own at some point is a classic car. There are typically vintage and rare vehicles that offer a significant amount of collectible value. As this can be a very major asset, protecting it with the right insurance is important. There are a few reasons that you should get a classic car insurance plan to protect this vehicle.

Insurance Will Protect Vehicle Value

An important reason people should get a classic car insurance plan is so they can protect the value of their vehicle. Classic cars continue to appreciate in value, which is different from most other cars that tend to lose some value each year. Due to this, you will need a specific type of insurance that will protect this unique value. A classic car insurance plan does provide support to ensure the collectible value is protected.

Liability Insurance

No matter where you drive your classic car, you need to have liability insurance. However, classic car owners do not typically drive their vehicles much each year. With a classic car insurance plan, you can get the coverage you need to stay protected while receiving a premium that reflects the reduced risk that comes with lower annual mileage. 

If you would like to get a classic car, speaking with a professional about your insurance needs is very important. As there are a lot of choices to make when you are looking for a classic car insurance plan, you should call Midwest Professional Insurance. The team with Midwest Professional Insurance can help you build a plan that provides the right coverage. They can answer all of your questions and ensure you are able to make an informed decision. 

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