Best Overall for Classic Car Coverage
Hagerty
Hagerty was chosen as the best car insurance for authoritative cars because the ship’s company offers the widest breadth of coverage options. It provides indemnity for classical cars and trucks, including vintage motorcycles, antique tractors, boats, historic military vehicles and so a lot more. Hagerty offers guaranteed value coverage, which means that you will receive your car ‘s total insure rate with no depreciation if you have a entire loss. They besides offer a wayside aid plan specifically designed for classic cars, with services such as flatcar towing with soft straps to protect your vehicle. Because classic cars are so rarely drive, Hagerty car policies are priced consequently, which includes charging up to 36 % less than indemnity for a car that is driven daily. Unlike some authoritative car insurers, Hagerty has no fixed mileage limit, mean there are no restrictions on how or when you drive your authoritative cable car.
Top 5 Classic and Antique Car Insurance Companies for Your Needs
MoneyGeek has done extensive research to determine which companies have the best authoritative car indemnity on the grocery store. however, keep in mind that the best classical car indemnity for you might not be the same as the best car insurance for person else. The type of classic car you have and how much you drive it are just two of the many factors that you will need to consider when choosing a policy for your classic car.
Best for Insuring Multiple Cars: Leland-West
Leland-West
Leland-West is the best insurance choice for people who have more than one authoritative car. The company won for this class because they offer astir to $ 50,000 in coverage for any eligible classical car you buy in addition to the exotic or classical car already insured. Leland-West besides insures several trade name new vehicles that are collector ‘s items, including exotic cars such as Ferraris and Porches along with luxury vehicles such as Aston Martins and Rolls Royces. Drivers who are n’t just driving authoritative cars and need a proper collector car indemnity policy will want to look into Leland-West coverage.
Best for Everyday Driving: Safeco
Safeco When it comes to using your classical car for casual force, the best indemnity option is Safeco. Unlike most policy companies, Safeco offers policy policies for authoritative cars driven up to 10,000 miles per class. Safeco besides offers lower authoritative car policy rates for people who drive their classical cars less than 5,000 miles per year. The ship’s company allows drivers to put their daily-use vehicles and classic cars on the same policy, making it easier for people who are n’t certain precisely how a lot use their classical car might get in a year.
Best for Cars Undergoing Restoration: Hagerty
Hagerty
classic cars much require across-the-board restoration. If you have a classical car that is being fondly restored, Hagerty could be the best policy option for you. classic cars undergo renovation are given special coverage, including 10 % value increases per quarter, $ 750 tool coverage and a dedicated toll-free number for towing specialists to and from the denounce. This coverage is n’t lone available for people having their car restored professionally. This coverage is besides available for project cars, provided you can provide pictures and documentation read you are actively restoring the fomite.
Best for Spare Parts Coverage: American Modern
Auto Club of Southern California Insurance Group
When it comes to insuring bare parts, American Modern offers up to $ 2,000 in parts coverage. They besides allow you to buy extra coverage for plain parts if you need more than the criterion $ 2,000 coverage. American Modern besides makes the number because the company offers some coverage for restorations in procedure, including damage done by or to spare parts as they are used to restore your vehicle.
Best for Inflation Protection: American Collectors
NJM Insurance Co
MoneyGeek ’ s analysis found that when it comes to inflation auspices, American Collectors has the best coverage available. Most authoritative car car indemnity companies offer 4 % ostentation coverage, but American Collectors offers inflation guard, a 6 % increase for ostentation and vehicle appreciation with no price increase.
Comparing Classic Car Insurance Rates
Rates can vary from company to party by hundreds of dollars per year, even for the like make and exemplar fomite. Choosing a low-cost car indemnity policy can save you thousands of dollars throughout your life. Take a look at the graph below for examples of how your bounty can change from ship’s company to company.
Average Annual Premiums for Popular Classics
| company | 66 Mustang ( $ 15K Value ) | 69 Camaro ( $ 23K Value ) |
|---|---|---|
| american Collectors | $ 201 | $ 244 |
| American Modern | $ 190 | $ 278 |
| Grundy | $ 284 | $ 305 |
| Hagerty | $ 284 | $ 376 |
| Leland-West | $ 152 | $ 198 |
| Safeco | $ 707 | $ 863 |
Types of Vehicles Eligible for Insurance Coverage
Because classic, collector and antique cars are so unique, every type of fomite may not be covered by every classical car policy company. Some companies only insure antique or classical vehicles, while others will insure those along with brand new luxury vehicles. There are some companies that require particular indemnity coverages and others that may offer monthly cable car insurance. You can explore the expandable menu below to see which companies handle each fomite type. For example, if you own a hot rod, you ‘ll want to expand the “ Modified, Replica and Rods ” part by clicking on the down arrow on the right-hand side. then you ‘ll see the companies MoneyGeek found that can insure your one-of-a-kind ride. It is still substantive to do your own research, so you can work with the right field party to insure your specific fomite.
Vehicles Covered by Company
- American Collectors
- American Family
- American Modern
- American National
- Condon Skelly
- Farmers
- Grundy
- Hagerty
- JC Taylor
- Leland-West
- Safeco
- State Farm
- American Collectors
- American Family
- American Modern
- Condon Skelly
- Farmers
- Grundy
- Hagerty
- Heacock (American Modern)
- JC Taylor
- Leland-West
- Safeco
- State Farm
- American Collectors
- American Modern
- Hagerty
- Heacock (American Modern)
- JC Taylor
- Leland-West
- Safeco
- American Collectors
- American Family
- American Modern
- Condon Skelly
- Farmers
- Grundy
- Hagerty
- Heacock
- JC Taylor
- Leland-West
- Safeco
- American Collectors
- American Modern
- Condon Skelly
- Hagerty
- JC Taylor
- American Modern
- Grundy
- Hagerty
- Heacock (American Modern)
- Leland-West
- American Collectors
- American Modern
- Condon Skelly
- Hagerty
- JC Taylor
- American Collectors
- American Modern
- Condon Skelly
- Hagerty
- Heacock
- JC Taylor
- American Collectors
- American Modern
- Condon Skelly
- Hagerty
- Heacock
- JC Taylor
- Leland-West
How Classic Car Insurance Differs From Traditional Car Insurance
traditional car indemnity is designed for cars that are used daily. While classic car coverage offers the like basic benefits ( liability, comprehensive, collision, etc. ), it is designed to protect an asset that appreciates over time as opposed to a vehicle that is entirely a form of department of transportation. authoritative cars need exclusive indemnity coverage because the remainder in the value of a classical cable car and a criterion car is indeed drastically unlike.
Classic Car Insurance Requirements
While indemnity laws and requirements vary by state of matter, classical cable car indemnity is typically required for many of the like reasons traditional cable car insurance is required. Liability coverage is necessary to pay for any damages you may cause while drive, where comprehensive examination and collision coverages are often required by your lender to pay for damages to your vehicle until you have paid off your loans. To qualify for classic cable car indemnity, you typically need to meet the following requirements :
- Your classic car cannot be your daily-use vehicle.
- Your classic car must be defined as a classic car (25 years or older, etc.).
- Classic cars must be stored securely, typically in an enclosed garage or other indoor location.
- Racing is not allowed and, if it is discovered that damage was done to an insured car while racing, claims may be denied.
- Drivers typically need to have a clean driving record, with no accidents or violations within three years.
- All household members with a valid driver’s license must have their own daily use vehicle with active insurance separate from the classic car.
Do I Need Insurance on a Car Undergoing Restoration?
While it may be tempting not to insure a vehicle undergo restoration, it could be financially black to leave your classical car uninsured while it is being restored. A fomite that isn ’ metric ton moving might not seem like it needs indebtedness coverage, but if it caused a displace or fell onto person, you could be creditworthy for tens of thousands of dollars or more in damages. many classic car insurance companies besides offer special coverage for cars that are being restored, providing coverage for tools, towing, parts and more.
Types of Classic Car Insurance Coverage
Like any indemnity policy, there are different levels and types of coverage available for classic cars. Comprehensive and collision coverage is typically included in a classic cable car policy. however, people who have significant fiscal assets or who live in states with low liability requirements may want to increase their indebtedness levels. In contrast, others may want to add wayside aid or other extra coverages to their policies. A basic policy might lone cover liability, comprehensive and collision, while higher coverage levels might include :
- Medical payments: Medical payment coverage provides reimbursement for part or all of your medical bills in the event of an accident.
- Uninsured/Underinsured motorist coverage: Uninsured motorist coverage covers you at the same levels as your liability coverage if you are in an accident where an uninsured driver was at fault.
- Traveling collector coverage: Traveling collector insurance covers losses while on the road in your classic car, including trip interruption coverage and coverage for parts.
- Spare parts coverage: Spare parts coverage protects the classic car items that stay in your garage.
- Evacuation expense coverage: Evacuation expense coverage pays when you need to evacuate your classic car in the event of an emergency, such as an impending hurricane or wildfire.
- Cherished salvage coverage: Cherished salvage coverage allows you to get the full value of your car and still get the salvaged vehicle back in the event of a total loss.
Coverage Options and Offerings by Insurance Company
merely like insurance companies that offer standard car policy, classical car insurance companies all have unique products. Each provider offers unlike services and prices, and they besides have different requirements to insure a classical car .
- coverage option description
- Age of vehicle Any, if the car has collector deservingness
- annual mileage limit 2,500, 5,000 and 7,500 miles per year mileage tiers
- regular use allowed ? No, your car ca n’t be used for daily change. The amount of use depends on mileage tier .
- bare parts coverage $ 500
- restitution coverage Yes, it requires underwrite blessing .
- inflation guard 4 % presently
- Bundling Yes
- Agreed value ? Yes
- Discounts For classic cars, you can find discounts for safety features, ripen drivers, garage security system, multi-vehicle and cars/collections valued over $ 250,000. For custom cars, you can get attractive discounts for modify vehicles valued at $ 40,000 or higher. For the high-value fomite program, you can have coverage and discounts for vehicles valued at more than $ 150,000, or collections valued at more than $ 250,000 .
- Roadside aid / towing Yes
- Trip break Yes, available for purchase
- Pets Yes, available for purchase
- coverage option description
- Age of fomite 20+ years
- annual mileage limit none
- regular use allowed ? No, your car ca n’t be used as a day by day commuter vehicle .
- spare parts coverage not mentioned
- restoration coverage not mentioned
- ostentation guard not mentioned
- Bundling not mentioned
- Enclosed storage required ? not mentioned
- Agreed measure ? not mentioned
- Discounts not mentioned
- Roadside aid / towing not mentioned
- Trip pause not mentioned
- Pets not mentioned
- New buy coverage not mentioned
- coverage option description
- Age of vehicle not specified. It depends on the type of car .
- annual mileage specify 1,000, 3,000, 6,000 or unlimited miles
- regular function allowed ? No
- fifth wheel parts coverage not mentioned
- restitution coverage Yes, it requires underwrite approval .
- inflation guard duty not mentioned
- Bundling not mentioned
- Enclosed storage required ? Yes
- Agreed value ? Yes, no depreciation
- Discounts Collections valued over $ 150,000 ; security features and fire immunity of the storage build up ( south ) ; car club membership ; anti-theft devices and taking an accident prevention naturally
- Roadside aid / towing Yes, improving to $ 75 per tow
- Trip break Yes, up to $ 150 per day
- Pets Yes, up to $ 750
- New buy coverage Yes, up to $ 50,000
- coverage choice description
- Age of vehicle not mentioned
- annual mileage limit generous amount. You may want to contact american National immediately .
- regular use allowed ? not mentioned
- spare parts coverage Up to $ 1,000
- restitution coverage not mentioned
- inflation guard not mentioned
- Bundling Yes
- Enclosed memory required ? not mentioned
- Agreed prize ? Yes
- Discounts fresh start discount rate ; collector ‘s dismiss
- Roadside aid / towing Yes
- Trip interruption not mentioned
- Pets not mentioned
- New purchase coverage not mentioned
- coverage choice description
- Age of vehicle not specified. It depends on the type of car .
- annual mileage restrict It depends on the policy. There is inexhaustible mileage available .
- regular use allowed ? No, your car can not be used as a daily commuter vehicle .
- spare parts coverage available
- restoration coverage Yes
- ostentation guard not mentioned
- Bundling not mentioned
- Enclosed storage required ? Yes, it needs to be in a plug, locked garage .
- Agreed respect ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes
- Trip pause Yes
- Pets not mentioned
- New purchase coverage not mentioned
- coverage option description
- Age of vehicle not mentioned
- annual mileage limit not mentioned
- regular use allowed ? not mentioned
- spare parts coverage Up to $ 750
- restoration coverage not mentioned
- inflation guard
Read more: The Best Car Insurance Companies for 2022
not mentioned
- Bundling Yes
- Enclosed storage required ? not mentioned
- Agreed rate ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes
- Trip pause not mentioned
- Pets not mentioned
- New leverage coverage not mentioned
- coverage option description
- Age of vehicle 25+ years old. Muscle cars and exotics can be any age .
- annual mileage limit No terminus ad quem
- regular consumption allowed ? No. Although there is no mileage limit, the car must not be used for daily commute .
- spare parts coverage $ 500
- restoration coverage not mentioned
- ostentation guard 4 % presently
- Bundling Yes
- Enclosed repositing required ? Yes
- Agreed value ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes, you can be reimbursed up to $ 250 .
- Trip Interruption Yes, up to $ 600
- Pets Yes
- New purchase coverage Yes
- coverage option description
- Age of vehicle Any, if your car is in very good or better stipulate and holds a minimum rate of $ 3,500
- annual mileage limit No fix limit
- even practice allowed ? No, you must besides have a casual driver and branch indemnity for your cable car .
- spare parts coverage $ 750
- restoration coverage Yes
- ostentation guard Yes
- Bundling not mentioned
- Enclosed memory required ? Yes, prefer but not necessity
- Agreed value ? Yes
- $ 0 deductible option available ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes, available for leverage. It may be $ 45 per year with the Hagerty Drivers Club .
- Trip break not mentioned
- Pets not mentioned
- New leverage coverage Yes, 30 days up to $ 50,000
- coverage option description
- Age of fomite Any, if your car lives Heacock ‘s Collector Car Lifestyle necessity
- annual mileage terminus ad quem up to 6,000 miles per year
- regular practice allowed ? No, you can not use the car as a daily commuter. There ‘s a limited count of miles per class .
- spare parts coverage $ 2,000
- restoration coverage Yes
- inflation guard not mentioned
- Bundling Yes, multi-vehicle discount rate available
- Enclosed storage required ? Yes, it must be stored in a lock garage .
- Agreed value ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes, complimentary
- New purchase coverage Yes, up to $ 50,000
- coverage option description
- Age of vehicle 19+ years
- annual mileage limit none, but J.C. Taylor only underwrite 2,500 miles per year
- regular manipulation allowed ? Yes, merely episodic. Your car can not be used for commuting .
- spare parts coverage not mentioned
- restoration coverage not mentioned specifically on J.C. Taylor ‘s site
- inflation precaution not mentioned
- Bundling not mentioned
- Enclosed storage required ? Yes
- Agreed value ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes
- Trip break not mentioned
- Pets not mentioned
- New buy coverage not mentioned
- coverage option description
- Age of fomite not specified. Any car that is considered a collectible .
- annual mileage terminus ad quem Unlimited. If you do n’t need it, you may have lower rates .
- regular use allowed ? No, you can not be a daily driver .
- spare parts coverage $ 2,000
- restitution coverage Yes
- inflation guard Yes
- Bundling Yes, multi-car dismiss available
- Enclosed storage required ? Yes, your car must be stored in a lock in garage .
- Agreed value ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes
- Trip pause Yes, $ 600
- Pets Yes, $ 750
- New purchase coverage Yes, up to $ 50,000
- coverage option description
- Age of fomite 25+ years old for antiques ; 10+ years for classics ; no minimum for restrict production
- annual mileage limit A regular policy is 10,000 miles per class. You can keep your price down by driving less than 5,000 miles per year .
- unconstipated use allowed ? Yes, this is fine up to 10,000 miles per class .
- spare parts coverage Yes, with optional personal property coverage, parts and tools are covered if stolen from inside your cable car .
- restoration coverage not mentioned
- ostentation guard not mentioned
- Bundling Yes, multi-car dismiss available
- Enclosed repositing required ? Yes
- Agreed value ? Yes
- Discounts Take an accident prevention course ; deter thieves with anti-theft devices discount ; just on weekends and holidays rebate ; winter storage discount
- Roadside aid / towing Yes, available for leverage
- Trip interruption Yes, available for purchase
- Pets Yes, available for leverage
- New purchase coverage not mentioned
- coverage option description
- Age of vehicle 10+ years for classical ; 25+ years for antique
- annual mileage limit Limited use
- regular use allowed ? No
- spare parts coverage $ 500
- restoration coverage Yes
- ostentation guard not mentioned
- Bundling not mentioned
- Enclosed storage required ? Yes
- Agreed measure ? Yes
- Discounts not mentioned
- Roadside aid / towing Yes, available
- Trip pause not mentioned
- Pets not mentioned
- New purchase coverage not mentioned
Key Takeaways on Classic Car Insurance
classical car insurance is a necessity for anyone whose vehicle appreciates over clock time. Anyone who owns a authoritative car, collector car or other specify vehicle needs a classic car policy. The coverage you need will depend on your unique position, including :
- What type of classic car you have.
- Whether or not your car is under restoration.
- The number of classic cars you own.
- The number of miles you drive in a given year.
Getting a personalize quotation for your vehicle is the best room to guarantee you are getting the best coverage and rates available for your pry, one-of-a-kind vehicle. About the author
Rachael Brennan is a professional finance writer and licensed insurance agent. She has worked in the insurance diligence for more than a decade, earning her P & C license in all 50 states and her life sentence, health and AD & D license in New York and the surrounding states. Rachael has worked for long-familiar companies such as twenty-first Century Insurance and BlueCross BlueShield and was the unitarian Universalist Association ( UUA ) policy plans coordinator for three years. She specializes in property, casualty, health, life, accidental end and disability policy. Rachael earned her bachelor of science degree in communications from Texas A & M University-Commerce. Rachael combines her publish background with her policy and personal finance experience to parcel practical cognition and help people make inform fiscal decisions.
Read more: Best car insurance companies for 2022