Classic Car Insurance
Specialized coverage for classic, antique, and collector vehicles. Protect your automotive investment with agreed value coverage.
What is Classic Car Insurance?
Classic car insurance is specialized coverage designed for antique, vintage, and collector vehicles. Unlike standard auto insurance, classic car policies recognize that these vehicles appreciate in value and require unique protection.
The key difference is "agreed value" coverage, where you and the insurer agree on your car's value upfront. If your classic car is totaled, you receive the full agreed amount—not depreciated market value.
What Qualifies as a Classic Car?
Requirements vary by insurer, but typically include:
- Age: At least 15-25 years old (varies by insurer)
- Condition: Well-maintained, restored, or original condition
- Usage: Not used for daily commuting or regular transportation
- Storage: Kept in a garage or secure storage facility
- Mileage: Limited annual mileage (typically under 2,500-5,000 miles/year)
- Driver: Owner must have a clean driving record and daily-use vehicle
Types of Vehicles Covered
Classic Cars
Vehicles 15-40 years old in excellent condition
Antique Cars
Vehicles 45+ years old, often original or restored
Muscle Cars
High-performance vehicles from the 1960s-70s
Exotic Cars
Rare, high-value sports and luxury vehicles
Hot Rods
Custom-built or heavily modified classic vehicles
Kit Cars & Replicas
Reproduction or custom-built collector vehicles
Key Coverage Features
Agreed Value Coverage
You and the insurer agree on your car's value upfront. No depreciation applied in the event of a total loss.
Spare Parts Coverage
Covers spare parts, tools, and equipment specifically for your classic vehicle.
Inflation Guard
Automatically increases your agreed value annually to account for appreciation and inflation.
Show Car Coverage
Protection when displaying your vehicle at car shows, events, and exhibitions.
Restoration Coverage
Some policies cover your vehicle during the restoration process, protecting your investment.
Original Parts Replacement
Repairs use original manufacturer parts or period-correct replacements, not aftermarket alternatives.
Classic vs. Standard Auto Insurance
| Feature | Classic Car | Standard Auto |
|---|---|---|
| Value Determination | Agreed Value | Actual Cash Value |
| Depreciation | None | Yes |
| Mileage Limits | Yes (2,500-5,000/year) | No |
| Daily Use | Not allowed | Allowed |
| Cost | Lower (limited use) | Higher |
Top Classic Car Insurers
- Hagerty: Industry leader, specializes exclusively in classic cars
- Grundy: Agreed value coverage, no deductibles on total losses
- American Modern: Flexible mileage options, show coverage
- American Collectors: Covers vehicles 10+ years old
- J.C. Taylor: One of the oldest classic car insurers
Average Cost
Annual Premium
$200-600/year
Often 40-60% less than standard coverage
Factors affecting cost:
- • Agreed value of the vehicle
- • Driver's age and experience
- • Storage location (garaged vs outdoor)
- • Annual mileage limits
- • Geographic location
What coverage level do you need?
Choose the protection that matches your requirements