Classic car insurance: all you need to know
Insurance guides

Classic car insurance: all you need to know

What makes your car a classic car

Insurance companies have different criteria to identify a classic car.

In most cases, a classic car will be defined by its age (often between 25-50 years old) but also by its weight, manufacturing, design, use, or storage.

You can expect lower costs on classic car insurance than regular car insurance, for several reasons. Classic cars are not for daily use, which implies fewer accidents. Classic car owners are also generally more careful to maintain their car in perfect condition.

How to get a lower rate for your classic car ?

You can save on your classic car insurance by insuring several cars, having multiple policies with your provider, or having additional security such as an anti-theft design.

You can also opt for higher deductibles and reduced mileage.

Another option is to register for safe driver courses.

Some car clubs will also make you benefit from lower insurance costs if you join.

To make sure you get the best policy, it is important to work with an agent that specializes in classic cars.

Types of coverage

Classic car insurances generally include the following coverage: collision, theft, other damage (fire, vandalism…).

Some insurance policies may also include:

  • Agreed value
  • Restoration coverage
  • Spare parts coverage
  • Roadside assistance
  • Auto Show Medical Reimbursement 
  • No attendance required (if you are away from your car during an event)


Classic car insurance rates depend on a few factors, and some carriers will have numerous conditions to insure your car.

Here is what is taken into consideration most:

  • The age and condition of your car (which can in some cases be insured during restoration), what kind of storage you use, and how you use it (limited use is mandatory in most cases).
  • Driver-wise: your age, experience, and driving record (no major violations for 3 to 10 years, depending on the insurer), and if you have any additional car.

Compare / Main companies that provide classic car insurance

American Collectors• Emergency Roadside Assistance
• Coverage during restoration
• Available nationwide
• No Agreed Value in MA, TX, VA.
American Modern• Great spare parts coverage
• Available nationwide
• Many discounts possible
• Drivers restrictions
• Can be slow to process claims
GEICO• Great online use & assistance
• Many discounts possible
• Complaints about claim handling
Grundy• No mileage restrictions• No payment flexibility
• Coverage restrictions
• Poor online experience
Hagerty (an agent)• Available nationwide & in Canada
• Great classic car community
• Good spare parts coverage
• Coverage for restoration & cars under construction
• Does not insure daily drivers & high-risk drivers • Storage requirements
Heacock• Insures race cars*
• No appraisal
• Up to 6,000 miles allowed for pleasure driving
• Event insurance
• Many eligibility restrictions (vehicle and driver)
J.C. Taylor• No mileage restrictions• Competitive premiums• No payment flexibility
• Drivers and storage restrictions
Safeco• Insures daily drivers (no mileage restrictions)• Many discounts possible• Vehicles and storage restrictions
• No spare parts coverage
• Not available in DE, HI, NJ, RI, or DC
State Farm• Available Nationwide
• 24/7 customer service
• Coverage during restoration
• Spare parts coverage
• Writes its own insurance/classic car policies
• No classic car specific discount
• Many eligibility restrictions
Hot Rod Insurance (a broker)Available in 20 states
• Broker understands (and owns) classics and hot rods
• Spare parts coverage
• No 24/7 customer service
The Hartford• Affordable rates for AARP members• Does not insure all classic cars
• Limited mileage
Main classic car insurances companies comparison

*When they are not on the track.

Work with a broker vs. direct insurance carrier

A broker is the most impartial professional that can efficiently help you find the best deal depending on what you need.

You can avoid a lot of frustration caused by opting for a policy or insurance company that doesn’t fit your needs.

Working with a broker who specializes in classic cars is cost-efficient and time-saving.

Find Classic Car brokers in California Classic Car Insurance in California