Classic Car Insurance
Agreed-value coverage for vintage and collector vehicles.
Typical cost: $200 – $1,000 per year
Classic Car Insurance
Classic car insurance provides specialized coverage for antique, vintage, and collector vehicles. Unlike standard auto policies that pay actual cash value (which depreciates), classic car insurance offers agreed value coverage that recognizes your vehicle's collectible worth.
Agreed Value Coverage
With agreed value, you and the insurer agree on the car's value when the policy is written. If the car is totaled, you receive that agreed amount—not a depreciated value. This is essential for vehicles that appreciate rather than depreciate over time.
Usage Restrictions
Classic car policies typically have restrictions: limited annual mileage (often 2,500-5,000 miles), no daily driving or commuting, secure garage storage, and you must have a regular-use vehicle. These restrictions keep premiums low.
What's covered
Agreed Value Coverage
Pays the pre-agreed value of your classic car if it's totaled.
Spare Parts Coverage
Covers spare parts, tools, and restoration supplies you own.
Flatbed Towing
Ensures your classic is transported properly without damage.
Show Coverage
Covers your vehicle at car shows and events.
Restoration Coverage
Optional coverage during active restoration projects.
Tips
- • Get a professional appraisal to establish agreed value
- • Document your car thoroughly with photos and records
- • Join a recognized car club—some insurers require it
- • Store in a secure, enclosed garage
- • Review and update agreed value as your car appreciates
Other auto insurance types
Sedan Insurance
Coverage options for standard passenger sedans.
SUV Insurance
Insurance for sport utility vehicles and crossovers.
Truck Insurance
Coverage for pickup trucks and personal-use trucks.
Electric Vehicle Insurance
Specialized coverage for EVs including battery protection.
Teen Driver Insurance
Coverage options and savings tips for young drivers.
Rideshare Insurance
Gap coverage for Uber, Lyft, and other rideshare drivers.
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