Classic Car Insurance
Get classic car insurance designed specifically for collector and vintage vehicles. We compare specialty carriers that understand what your classic is really worth and how to properly protect it.
Standard auto insurance undervalues classic cars. It pays "actual cash value" based on depreciation. But your restored 1969 Camaro isn't depreciating. It's appreciating. It's worth more today than it was yesterday.
Classic car insurance uses agreed value. You and the carrier agree on the value of your car up front. That's what you receive if it's totaled. No depreciation. No arguing about value after a loss.
What Classic Car Insurance Covers
• Agreed value coverage - The full amount you and the carrier agreed upon. No depreciation, no disputes.
• Liability protection - Injuries and property damage you cause while driving.
• Comprehensive coverage - Theft, fire, weather, and vandalism.
• Collision coverage - Accident damage to your classic.
• Spare parts coverage - Protection for extra parts, engines, and restoration supplies.
• Trip interruption - Lodging and transportation if your classic breaks down far from home.
• Flatbed towing only - No hook-and-chain towing that could damage your vehicle.
• Automatic coverage for new acquisitions - Temporary coverage while you arrange permanent insurance for new purchases.
What Qualifies as a Classic Car?
Requirements vary by carrier, but generally classic car policies require:
• Age - Vehicle is typically 15-25+ years old, depending on the carrier.
• Limited annual mileage - Usually 2,500-5,000 miles per year maximum.
• Enclosed storage - Garage or other secure, enclosed storage required.
• Restricted use - Shows, parades, club events, and occasional pleasure driving. Not daily transportation.
• Regular daily driver - You must have another vehicle for everyday use.
• Good condition - Most carriers want vehicles in good to excellent condition.
Why Classic Car Insurance Often Costs Less
Believe it or not, classic car insurance frequently costs less than standard auto coverage. How? Risk is lower.
You drive your classic fewer miles. You take better care of it than your daily driver. You store it properly. You're more careful behind the wheel of something precious.
Lower risk means lower premiums. Many classic car owners pay $200-500 per year for coverage that would cost much more through standard insurers.
What Affects Your Classic Car Insurance Rate?
• Agreed value - Higher values cost more to insure.
• Annual mileage - Lower mileage means lower risk and lower rates.
• How you use it - Shows and pleasure driving cost less than racing.
• Storage location - Secure garage storage reduces risk.
• Your driving record - Clean records get better rates.
• Other vehicles you own - Multi-vehicle collectors may get discounts.