Classic Car Insurance

Classic Car Insurance Quotes at Competitive Rates

Classic cars are valued differently from modern vehicles, which is why they have unique insurance needs. While collector cars may not see daily use, just like any other asset, they remain susceptible to unforeseen events.

Classic car insurance offers specialized coverage to safeguard your cherished passion, ensuring comprehensive protection when it’s needed most.

What makes a car “classic”?

To be considered a “classic,” a car should have the following characteristics:

• Over 20 to 25 years old
• Historical significance, iconic design, or cultural impact
• Value that is reflected by age, rarity, and condition

In addition, a classic car must not be your daily vehicle. Insurance policies typically limit the miles the insured vehicle can drive annually.

Here are some notable collector vehicles that may qualify for classic car insurance:

• Chevrolet El Camino SS
• Porche 911
• Ford Thunderbird
• Astin Martin DB5
• Lamborghini Miura

What does classic car insurance cover?

Outside of typical auto insurance coverages like liability, collision, and MedPay coverage,​ classic car insurance may offer agreed value coverage and car show coverage to tend to the unique usage patterns of classic car owners.

Agreed Value Coverage

With agreed value coverage, the insurance company and car owner agree on the classic car’s value, and in the event of a total loss, the owner gets paid based on this value.

Car Show and Exhibition Coverage

Some policies offer coverage for participating in car shows, exhibitions, or other events where the insured vehicle is displayed.

Classic Car Insurance Frequently Asked Questions

How much is classic car insurance?

Your classic car insurance price will heavily depend on the kind of car you own and the state you primarily drive it in. An agent can provide tailored insurance solutions that ensure your prized classic car is adequately protected.

How old is a classic car?

A car is typically considered a classic when it reaches around 20 to 25 years old, but remember, age isn’t the only thing that renders a car a “classic.”

The terms “vintage,” “antique,” and “classic” are often used interchangeably, but they actually refer to slightly different categories of cars. However, regardless of its category, any of these vehicles can benefit from a classic car insurance plan.

Generally, the age of the car helps determine if it is vintage, antique or classic.

• A car is considered vintage if it was manufactured between 1913 and 1930
• A car is considered antique if it is 45 years old or older
• A car is considered classic if it is 20 years or older

Age is not the only determiner of a classic, vintage, or antique car. The age threshold reflects vital factors such as the car’s historical significance, design influence, cultural impact, and rarity. Keep in mind that definitions and classifications can differ between organizations, insurance companies, and enthusiasts.

How does classic car insurance differ from regular car insurance?

Unlike regular car insurance, classic car insurance often provides “agreed value” coverage, where the insurer and the policyholder agree on the car’s value upfront, ensuring that the policyholder receives the full agreed-upon amount in the event of a total loss without depreciation.

Classic car insurance typically also includes restrictions on usage, such as limits on mileage and prohibitions on regular commuting or commercial use.

Additionally, classic car insurance policies may offer coverage for spare parts, restoration costs, and coverage for car shows or exhibitions, providing comprehensive protection tailored to the unique needs of classic car owners.

An agent can help you see if your vehicle qualifies for classic insurance or if standard auto insurance would suit you best.

What are classic car insurance requirements?

Insurance companies may use different standards to qualify a classic vehicle. However, the following list includes the most common insurance requirements for classic cars:

• Usage: Typically, for a vehicle to qualify for classic car insurance, it cannot be your daily rider. You can expect insurance companies to have limited usage requirements.
• Age: To be considered “classic,” cars must generally be older than 20 to 25.
• Storage: Insurance companies may have specific requirements regarding the way your vehicle is stored for safekeeping.
• Condition: You can expect a collector car insurance company to want information regarding the condition of your car. This will help them find an agreed value or assign a value to your car.
• Appraisal: Insurance companies often request an appraisal as part of their process. This is a good thing because it means they want to insure your vehicle accurately!

Can you get classic car insurance without a garage?

Many insurance companies require classic cars to be stored in a garage to assist in protecting their investment. However, companies may offer modified plans if you don’t have access to a lockable garage.