Growth in the collector vehicles insurance market is revving up, driven by the bulging pockets of nostalgic baby boomers, according to specialists in this sporty niche.
How big a market is this? Ford Heacock of the Heacock Classic agency, part of Heacock Insurance Group in Sebring, Fla., says registration lists are more difficult to come by, but by some estimates there are between "eight million and 10 million collector vehicles out there."
The collector vehicle typically has a stable or increasing value, and the niche market includes antique autos, aged tractors, motorcycles and "muscle cars"--the U.S.-manufactured, high-powered, high-performance coupes from the 1960s and 1970s.
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