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Trucks and SUVs are booming in Canada

Hagerty’s latest Vehicle Rating has recorded a huge upswing in demand for classic trucks and SUVs across North America. Two-thirds of the vehicles in the newest Top 25 ranking are trucks or SUVs, and nearly 90% of them are valued at $16,000 or less. Millennials are driving the demand for classic trucks and SUVs.

They’re easy to maintain and their parts are available while being affordable. Servicing them is straightforward and they provide multiple experiences that go beyond the services of a regular car.

Collector car insurance will cover a classic truck or SUV as long as it’s a passion or pleasure-use vehicle. Insurers are finding that a lot of these trucks and SUVs are being set aside for pleasure-use or collector-use and that’s when a different insurance policy comes into play.

Insurers are continuing to update their policies to get you the best value for your vehicle pertaining to its use.

Source: http://www.insurancebusinessmag.com/ca/news/auto/classic-truck-and-suv-boom-prompting-insurance-boost-in-canada-82042.aspx