Classic Car Insurance


Classic Cars are unique and require a special type of insurance to properly cover them. While no insurance can bring back your treasured classic car, it can protect you from total finical loss if the car is damaged, destroyed or stolen.

What Is Classic Car Insurance?

Classic car insurance is different from normal auto insurance in that it often will cover the car at an agreed or guaranteed valued. Your normal auto insurance only covers actual cash value, that is the amount your car is currently worth. If you bought a brand new car 3 years ago for $25,000, it could be worth 20-40% less than that. If it is currently only worth $18,000, that's how much your insurance company will pay out. But if your classic car is valued at $50,000, classic car coverage would cover the full value of the vehicle with no decrease in coverage due to depreciation. But of course as the car gets older and as you continue to care and maintain it, the car's value will increase.

What Do I Need To Know About Car Insurance?

While most classic car insurance policies are similar, there are slight variations and terms you need to understand to get the best policy for your vehicle.

Classic Car Insurance

Most companies define this as cars between 19-24 years old. Car restored, in good working condition and worth more than the average value of others from the same year, make or model.

Antique Car Insurance

Some companies define this as vehicles over 25 years old and in good working order or original restored condition.

Limited Use

Some policies will limit the number of miles that can be put on a car to be covered. Most antiques should be used very seldom to maintain coverage.

Storage

Some policies may require the vehicle to be stored in an enclosed building.

Multiple Vehicles

  •  Several companies offer discounts for insuring more than one car, whether it’s multiple classic vehicles or your collector car plus your everyday ride. Some have special discounts for enthusiasts with large collections.

Bundled Policies 

  • You may get a discount if you bundle your classic car policy with other types of coverage, like homeowners insurance or life insurance.

Fewer miles

  • While unlimited mileage may sound great if you don't drive your car that often you may be able to get a better rate.

Higher deductible

  • Although several companies will let you choose a zero-deductible policy, a higher deductible means a lower premium.

Anti-theft devices

  • Several companies give price breaks for anti-theft measures.

Car club membership

  • If you’re part of an approved car club, you may get a discount through your club.

Safe driving course

  • Taking a defensive driving course can save you 5-10%.

Winter storage

  • If you drive your collector car only in the summer, some companies offer a credit for winter months or let you reduce your coverage while the car is in storage.

Changing Insurance Companies 

  • Some companies offer a discount for switching from a competitor.
  • Other Policies
  • Usage
  • Driving Record
  • Coverage Limits
  • Deductable

What do I Need To Get A Classic Car Insurance Quote?

  • Drivers License
  • Year, Make and Model of Vehicle
  • VIN
  • Vehicle Registration
  • Date of Purchase
  • Desired Coverage Limits

What Are Some Things To Consider When Buying Classic Car Insurance?

  • Is your car an antique, classic or vintage?
  • How often do you intend to use the car?
  • Will you keep it stored or take it to shows?
  • How unique is the vehicle?

Most Competitve Rates