Massachusetts Antique Vehicle Insurance

Massachusetts Antique Vehicle

What is an antique car or truck? Under MA antique license plate rules, an antique vehicle is a car manufactured at least 25 years ago, which is maintained for use in exhibitions, parades and other public events. If you are interested in Antique Plates there are certain rules to be aware of.

The Registry of Motor Vehicles designates antique plates as “restricted.” “Restricted to those vehicles over 25 years of age, restricted to test drives, movement of vehicles to and from repair locations, and public functions such as parades.”

STEPS IN THE MASSACHUSETTS REGISTRATION PROCESS

  • Fill out and submit an insurance company stamped, RTA form.
  • Submit previous, signed over, certificate of title.

FEES TO REGISTER AN ANTIQUE VEHICLE IN MASSACHUSETTS

The Massachusetts Registry of Motor Vehicles requires original, signed over title, antique vehicle application, RTA form (Registration and Title Application) and check payable to the “RMV.” Costs should be: $75.00 for new MA title, $50.00 for plates and 6.25% sales tax.The Registry of Motor Vehicles charges an annual fee of $50.00 for antique plates. The also charge $50.00 for year of manufacture plates.

VEHICLES THAT QUALIFY

  • Classic Cars
  • Hot Rods
  • Antique Cars
  • Modified Cars
  • Street Rods
  • Exotic Cars
  • Lowrider
  • Classic Motorcycles

RULES TO FOLLOW

You can drive your car:

  • Holidays
  • Parades
  • Weekends

Your collectible car needs to be and must be stored inside in a secure locked garage or structure.

Insurance companies will not cover damage to antique vehicles done due to racing.

Uber/Lyft Drivers: Beware

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The Massachusetts personal auto policy is very strict when it comes to Uber/Lyft or other rideshare programs.
Per a recent article in The Massachusetts Agent (Official Newsletter of the Massachusetts Association of Insurance Agents), companies can void all optional coverage if the consumer is in an accident while working as a driving service.
The article states, “Here is how the policy may or may not respond:
  • Part 3. Bodily Injury Caused by an Uninsured Auto – Coverage is limited to $30/80M for anyone injured while occupying your auto while it is being used as a public or livery conveyance.
  • Part 4. Damage to Someone Else’s Property – The policy will not pay if property damage occurs while your auto is being used as a public or livery conveyance.
  • All Optional Coverages – The policy will not pay under any of the optional coverages if the accident happens while your auto is being used as a public or livery conveyance.
  • Part 12. Bodily Injury Caused by an Underinsured Auto – The policy will not pay for anyone injured while occupying your auto while it is being used as a public or livery conveyance.”
In addition, if the insurance company knows how vehicle is being used, they can cancel coverage.
Although premium prohibitive, the other option is to write coverage as a commercial vehicle/commercial insurance policy.

MA Auto Insurance Quote

Shop for MA Auto Insurance

In order to make certain you are getting the best rates, it’s important to shop around and look for every discount available.

The first place to start when looking for the best auto premium is by packaging your auto insurance with the same company as your home insurance.

If you don’t own a home or condominium, it might be time to purchase apartment insurance coverage. If not for the only reason of taking advantage of an auto insurer’s “account discount.”

Other discounts to consider:

  • Did you drive less than 10,000 miles over the past 12 months?
  • Are you a good driver? Have you had any at-fault accidents or moving violations over the past 6 years?
  • Do you pay your bills in full?
  • Do you receive your bills and documents by e-mail?
  • Did you recently get married? Do you have the same company as your spouse?
  • Are any of your kids good students? Do they have a “B” or better average?
  • Are you a college graduate?

MassAutoQuote

Because of the huge account discounts, there has never been a better time to consolidate your insurances.

Call or click us to discuss your Massachusetts auto & home insurance.

You’ll be glad you did!

MassAutoQuote Insurance

If you insure your Massachusetts auto & home with the same independent agency you ensure you get the best rates, coverage, insurance programs & discounts available.

Because of the huge account discounts, there has never been a better time to consolidate your insurances.

Call or click us to discuss your Massachusetts auto & home insurance.

You’ll be glad you did!

MA Auto Insurance Co. Discounts

As a public service, Massautoquote.com, offers the following list of Massachusetts Insurance Companies and their April 1, 2008 discount programs.

We recommend that you get a quote from us. Our licensed, independent, professional Massachusetts Insurance Agents use numerous companies and will find you the best discounts and insurance programs. 

American Automobile Insurance Company  Annual Mileage, Anti-Theft, Multi-Car, Public Transit  

Amica  Annual Mileage, Anti-Theft, Good Student, Multi-Car, Other Policy, Public Transit, Years Licensed, Years with Company

Arbella  Advanced Driver Training, Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Other Policy, Public Transit, Years with Company

Citizens Insurance Company of America  Advanced Driver Training, Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Other Policy, Public Transit

Commerce Insurance  Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Other Policy, Public Transit, Years Licensed, Years with Company  

Electric Insurance   Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Other Policy, Public Transit, Years Licensed

Encompass Insurance  Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Public Transit, Years Licensed

Farm Family Insurance Company  Annual Mileage, Anti-Theft, Daytime Running Lights, Group Membership, Multi-Car, Public Transit, Years Licensed

Liberty Mutual Insurance Company  Annual Mileage, Anti-Theft, Good Student, Group Membership, Multi-Car, Other Policy, Public Transit, Years Licensed, Years with Company

Massachusetts Homeland Insurance Company  Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Other Policy, Public Transit, Years Licensed, Years with Company

Metropolitan Insurance Company  Annual Mileage, Anti-Theft, Good Student, Group Membership, Multi-Car, Public Transit, Years Licensed

National Grange Insurance Company  Annual Mileage, Anti-Theft, Good Student, Multi-Car, Other Policy, Public Transit, Student Away, Years Licensed

Norfolk & Dedham Mutual Fire Insurance Company  Advanced Driver Training, Annual Mileage, Anti-Theft, Good Student, Group Membership, Multi-Car, Other Policy, Public Transit, Years Licensed

Plymouth Rock Assurance Corporation   Advanced Driver Training, Annual Mileage, Anti-Theft, Good Student, Group Membership, Multi-Car, Public Transit, Student Away, Years Licensed, Years with Company

Praetorian Insurance Company  Annual Mileage, Anti-Theft, Multi-Car, Public Transit

Quincy Mutual Insurance Company  Advanced Driver Training, Annual Mileage, Anti-Theft, Group Membership, Multi-Car, Other Policy, Public Transit, Years Licensed, Years with Company

Safety Insurance Company  Advanced Driver Training, Annual Mileage, Anti-Theft, Good Student, Group Membership, Multi-Car, Other Policy, Public Transit, Student Away, Years Licensed, Years with Company

State Farm Insurance Company  Annual Mileage, Anti-Theft, Multi-Car, Public Transit

The Travelers of Massachusetts (Premier)  Annual Mileage, Anti-Theft, Good Student, Group Membership, Multi-Car, Other Policy, Public Transit  

USAA Insurance Company  Annual Mileage, Anti-Theft, Good Student, Multi-Car, Public Transit, Student Away

Added Value

It seems to me that for the past thirty years, or so, Massachusetts insurance consumers and Professional, Massachusetts Independent Agents have been pushed around by the insurance industry. Enjoying “state set” auto insurance rates, Massachusetts bloated to the fourth highest auto insurance rates in the country and whithered to only 19 auto insurance carriers. I believe the handwriting was on the wall a number of years ago, Massachusetts auto insurance rates plummeted 26% over the past three years. As of April 1, 2008 Massachusetts moved to a “managed competition” system. This move has been good for most consumers with a statewide decrease in auto rates of almost 8%. The rate casualties seem to be those with 10 or more points on their license and new drivers.

With all the industry changes and as a small business owner, I have found myself working harder and working longer. My wife and three babies wonder who this tie-wearing, slightly stressed out, stranger is.  I continue to ask myself, as an Independent Insurance Agency: “Do we add value?” The emphatic answer: YES.

Unlike the Liberty Mutuals and The Amicas, we write insurance with many different companies. We represent our clients, as opposed to representing the companies that we place business with. We spend the time to find out which companies are the best fit for our clients. Some companies have more of an appetite for new drivers, some more of an appetite for the home and auto “account business.”

We are here for our customers whenever they have a claim problem or a billing question. We also offer free Registry of Motor Vehicles service.

We are Professional Insurance Advisors that have the best interest of our customers in mind. We offer multiple lines of insurance and as our customers lives change we are here to assist with all their insurance needs. 

Your Independent Insurance Agent should offer a lifetime of insurance products and services:

Parents put their newly licensed child on their auto policy, the child buys his first car, he moves out of the house and gets an apartment, he opens a business, buys an engagement ring, gets married, buys a home, has a child, buys life insurance, puchases a personal liability umbrella policy, gets rich, buys a vacation property, buys the ’65 Mustang Shelby GT350, and retires.

We are here to help every step of the way.

April 1, 2008: Shopping for Mass. Auto Insurance

Pretty cool stuff, this managed competition. I think. I’ve had the great privelege & honor of doing, probably, 200 quotes using the new software and expanding discounts and programs and it is true: consumers are going to save money. However, even once you get your new rate, is it the lowest? Do you have the most consumer friendly product?

Here are some basic April 1, 2008 auto shopping rules:

1.) Package Your Auto & Home Insurance through the same agency/company!

For the first time in 30 years companies are offering an account discount on auto insurance. Discounts available are anywhere from 5% – 10% on the auto & 10% – 20% on the home.

2.) Utilize an Independent Insurance Agency! 

Most Massachusetts Insurance Agencies write business with five auto insurance carriers. By utilizing an Independent Agency you will be utilizing the most valuable tool that the new, managed competition system offers. An Independent Insurance Agency will be most familiar with the different discounts and programs that are available.

3.) Take advantage of available discounts!

This one is, sort of, the tricky one. Different companies offer different discounts and knowing which ones are best for you is where an Independent Insurance Agent should be able to provide you valuable assistance.

When reviewing different companies discounts, however, keep in mind that no matter how many alleged discounts or percentage points companies are promising, the bottom line premium is the most important thing.

Some of the new, April 1, 2008 discounts that are available are:

  • Account discount on your auto if you have a home, apartment or condominium policy with the same company.
  • Improved excellent driver & excellent driver plus discounts (99 & 98 drivers).
  • Pay in full discounts.
  • Hybrid vehicle discount.
  • Advanced driver training discount.
  • Certain college (for example: Boston College & Merrimack College) and organization (for example: Mass Bar Association & Mass Medical Society) discounts.
  • Good student discount (“B”or better)
  • Student away at school discount.

4.)  Make certain that you have the best insurance program!

Massachusetts consumers have long been neglected compared to insurance programs that have been available to out of state auto insurance policy holders.

Some of the new, April 1, 2008 programs that are available include:

  • Disappearing Collision Deductible.
  • Guaranteed Replacement Cost.
  • Emergency Road Travel Expenses.
  • Auto loan/Gap Coverage.
  • Combined bill options.
  • Electronic Funds Transfer billing option/ No service fees.