Penny GusnerInsurance Writer and Analyst
Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance...
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Penny GusnerInsurance Writer and Analyst
Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance...
See Full Bio
Written By
Penny Gusner
Penny GusnerInsurance Writer and Analyst
Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance...
See Full Bio
Penny GusnerInsurance Writer and Analyst
Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny enjoys translating the complexities of insurance...
See Full Bio
Insurance Writer and Analyst
Michelle MegnaLead Editor, Insurance
Michelle is a lead editor at Forbes Advisor. She has been a journalist for over 35 years, writing about insurance for consumers for the last decade. Prior to covering insurance, Michelle was a lifestyle reporter at the New York Daily News, a magazine...
See Full Bio
Michelle MegnaLead Editor, Insurance
Michelle is a lead editor at Forbes Advisor. She has been a journalist for over 35 years, writing about insurance for consumers for the last decade. Prior to covering insurance, Michelle was a lifestyle reporter at the New York Daily News, a magazine...
See Full Bio
Michelle Megna
Michelle MegnaLead Editor, Insurance
Michelle is a lead editor at Forbes Advisor. She has been a journalist for over 35 years, writing about insurance for consumers for the last decade. Prior to covering insurance, Michelle was a lifestyle reporter at the New York Daily News, a magazine...
See Full Bio
Michelle MegnaLead Editor, Insurance
Michelle is a lead editor at Forbes Advisor. She has been a journalist for over 35 years, writing about insurance for consumers for the last decade. Prior to covering insurance, Michelle was a lifestyle reporter at the New York Daily News, a magazine...
See Full Bio
Reviewed
& 1 other
Updated: Jul 22, 2024, 3:57am
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Our analysis found that American Collectors, American Modern and Leland-West are the best classic car insurance companies.
If you’re the proud owner of a pristine antique, classic, vintage or modern classic car—or in the process of restoring a collector car—you’ll want specialized classic car insurance to meet your unique needs.
Read more
Summary: Best Classic Car Insurance of 2024
| Company | Company - Logo | Editors’ Take | Forbes Advisor Rating | Forbes Advisor Rating | Online quote available? | Spare parts included in coverage | Learn More CTA text | Learn more CTA below text | LEARN MORE |
|---|---|---|---|---|---|---|---|---|---|
| American Collectors |  | Best for annual mileage limit options | 5.0 |  | Yes | $500 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. | |
| American Modern |  | Best for occasional commuting | 5.0 | | No | $2,000 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. | |
| Leland-West |  | Best add-on coverage options | 5.0 | | Yes | $2,000 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. | |
| Chubb |  | Best for OEM parts repair | 4.5 |  | No | $1,500 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. | |
| Hagerty |  | Best for restorations | 4.5 | | Yes | $750 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. | |
| Condon Skelly |  | Best for lay-up discount | 4.0 |  | Yes | $500 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. | |
| Heaco*ck |  | Best for race cars | 4.0 | | Yes | $2,000 | Compare Rates | Compare rates from participating partners via EverQuote's secure site. |
How We Chose the Best Classic Car Insurance Companies
Best for Annual Mileage Limit Options
American Collectors
5.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
Unlimited
Spare parts included coverage
$500
Online quote available
Yes
Compare rates from participating partners via EverQuote's secure site.
Unlimited
$500
Yes
Editor's Take
We’re impressed by American Collectors’ wide variety of flexible mileage plans. You can choose an unlimited mileage plan or from other flexible mileage plans ranging from 1,000 to 7,500 for pleasure use. American Collector also has many coverage offerings, including coverage for a race car while stored, trailered, and in a paddock or display area, as well as car show reimbursem*nt that pays if you miss a show due to a car accident or mechanical breakdown.
Pros
- Pays up to $250 per car for evacuation expenses to move your car due to an incoming disaster, such as a hurricane.
- The inflation guard feature automatically increases your agreed value limit by up to 6% annually.
- Allows alternative vehicle storage methods other than a fully enclosed, locked garage or structure, which most classic car insurers require.
- Has a partnership with USAA that gives USAA policyholders a 5% discount on classic car insurance.
Cons
- Spare parts coverage is low at only $500, while some competitors offer $2,000.
States Available In
American Modern is available in all 50 states and Washington, D.C.
Best for Occasional Commuting
American Modern
5.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
Unlimited
Spare parts included coverage
$2,000
Online quote available
No
Compare rates from participating partners via EverQuote's secure site.
Unlimited
$2,000
No
Editor's Take
We found that American Modern has a wide selection of coverage for classic cars and multiple mileage plans—including one that lets you commute to work occasionally. We also like that it offers an inflation guard feature, so you’re not caught underinsured.
Pros
- Has a wide variety of discounts, including one for insuring a large car collection.
- Covers a classic car that is in the process of being restored.
- Covers disaster relocation costs for your classic car.
- Partnered with Geico for classic car policies, allowing for a possible bundling discount if your standard car insurance policy is with Geico.
Cons
- No online quotes for classic car insurance with American Modern.
- Has a higher-than-average level of complaints made about it to state insurance departments. Most complaints against American Modern are related to claims, including delays, unsatisfactory settlements and claim denials.
States Available In
American Modern is available in all 50 states.
Best Overall Classic Car Insurance Company
Leland-West
5.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
Unlimited
Spare parts included coverage
$2,000
Online quote available
Yes
Compare rates from participating partners via EverQuote's secure site.
Unlimited
$2,000
Yes
Editor's Take
We’re impressed by Leland-West’s robust lineup of add-on coverage options for classic cars, including a special plan for cars taken to the track. Its agreed-value coverage comes with an inflation guard feature to help prevent your vehicle from being underinsured. And beyond its standard mileage options, there’s an add-on that allows for occasional commuting in your classic car.
Pros
- If you choose a restricted mileage program and don’t use up your allowance, the miles will roll over to your next policy period.
- Relocation expense reimbursem*nt is available for moving your collector car out of the path of a catastrophic event, such as a hurricane.
- Spare parts coverage of $2,000 is included in a Leland-West policy.
- Has a zero deductible option.
Cons
- Drivers need at least nine years of driving experience, while other insurers only require five years.
- Does not offer many car insurance discounts.
States Available In
Leland-West is available in 46 states and Washington, D.C. Leland-West is not available in Alaska, Hawaii, Massachusetts or North Carolina.
Best for OEM Parts Repair
Chubb
4.5
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
Unlimited
Spare parts included coverage
$1,500
Online quote available
No
Compare rates from participating partners via EverQuote's secure site.
Unlimited
$1,500
No
Editor's Take
We like that Chubb will repair your car with original equipment manufacturer (OEM) parts or pay for fabricated parts if OEM parts are unavailable. Chubb has no mileage limit but states that classic cars should only be used for hobby or occasional use.
Pros
- Covers your choice of repair shop, even if it means sending your car out of state or overseas for necessary repairs.
- No deductible when you have a total loss settlement.
- Offers spare parts coverage of $1,500.
- Pays up to $500 per car for disaster relocation expenses.
Cons
- No online classic car insurance quotes.
- Doesn’t offer many discounts.
- No mention of inflation guard.
States Available In
Chubb is available in all 50 states and Washington, D.C.
Best for Restorations
Hagerty
4.5
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
Unlimited
Spare parts included coverage
$750
Online quote available
Yes
Compare rates from participating partners via EverQuote's secure site.
Unlimited
$750
Yes
Editor's Take
We like Hagerty because it covers vehicles being restored and offers extra coverage and services with its “vehicles under construction” coverage. During a restoration, your car’s value will be raised automatically by 10% a quarter—up to a maximum increase of $25,000 per year. We also like that you can drive to work or do errands for up to five months a year as a seasonal driver. Getting an online classic car insurance quote with Hagerty is also a plus.
Pros
- Has alliances with Allstate, Nationwide and Progressive. See about a bundling discount if you have your standard car insurance or home policy with one of these insurers.
- Offers a motorsports advantage endorsem*nt for race cars.
- Evacuation expense (disaster relocation) coverage is up to $1,500 per item and a maximum total limit of $10,000.
- Has a “cherished salvage” option that allows you to keep your totaled vehicle without the salvage value being deducted from your insurance payout.
Cons
- Spare parts coverage is low at only $750, while some competitors offer $2,000
- Hagerty has no fixed mileage limit but notes mileage of 3,500 is what is considered normal for collectible cars and 7,500 is on the high end, so may not be truly unlimited.
- Only a few discounts are available.
States Available In
Hagerty is available in all 50 states and Washington, D.C.
Best for Lay-Up Discount
Condon Skelly
4.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
Unlimited
Spare parts included coverage
$500
Online quote available
Yes
Compare rates from participating partners via EverQuote's secure site.
Unlimited
$500
Yes
Editor's Take
We like that Condon Skelly provides a lay-up discount for not driving your car during the winter months of December through March, though this does not apply to restoration vehicles. Condon Skelly is also a top pick because it offers a variety of mileage plans—including unlimited miles— and provides coverage for a wide variety of vehicles.
Pros
- Mileage options of 2,500 up to 7,500 unless you choose unlimited miles, but must use the car for leisure use and not as a daily driver no matter the mileage plan.
- Offers coverage for unique vehicles, such as vintage tractors, military vehicles and fire trucks.
Cons
- Doesn’t provide disaster relocation coverage or inflation guard.
- Only offers a few discounts.
States Available In
Condon Skelly is available in all 50 states and Washington, D.C.
Best for Race Cars
Heaco*ck Classic
4.0
Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.
Maximum annual mileage limit
6,000 miles
Spare parts included coverage
$2,000
Online quote available
Yes
Compare rates from participating partners via EverQuote's secure site.
6,000 miles
$2,000
Yes
Editor's Take
We like that Heaco*ck Classic offers storage, transit and paddock insurance for race cars. It also has special discounts for extra vehicle security and membership into particular marque clubs. Additionally, it has great spare parts coverage and a decent number of coverage options.
Pros
- Restoration coverage works whether your classic car is in a shop or if you’re restoring it yourself.
- Only one liability charge, no matter how many cars you have insured in your collection.
- Get $2,000 of spare parts coverage and roadside assistance with flatbed towing as part of a Heaco*ck classic car insurance policy.
Cons
- Flexible mileage plans, but the top limit is 6,000 annual miles, which is lower than what many competitors offer.
- No mention of disaster relocation coverage or inflation guard.
States Available In
Heaco*ck is available in 48 states and Washington, D.C. Heaco*ck is not available in Alaska or Hawaii.
Annual Mileage Limits by Company
The best classic car insurance companies offer a variety of annual mileage limits, with most including an unlimited option. Some standard car insurance companies partner with classic car companies to offer insurance, such as Allstate with Hagerty.
Classic Car Insurance Annual Mileage by Company
| Company | Provider of classic car insurance | Annual mileage limit options |
|---|---|---|
Allstate | Hagerty | Unlimited |
American Collectors | American Collectors | Flexible mileage plans of 1,000, 2,500, 5,000, 7,500 or unlimited |
American Family | American Family | Unlimited |
American Modern | American Modern | Flexible mileage plans of 1,000, 3,000, 6,000 or unlimited |
American National | American National | 10,000 |
Chubb | Chubb | Unlimited |
Condon Skelly | Condon Skelly | Unlimited |
Erie | Erie | Unlimited |
Farmers | J.C. Taylor | Unlimited |
Geico | American Modern | Flexible mileage plans of 1,000, 3,000, 6,000 or unlimited |
Grundy | Grundy | Unlimited |
Hagerty | Hagerty | Unlimited |
Heaco*ck | Heaco*ck | Customizable mileage plans up 6,000 miles |
JC Taylor | JC Taylor | Unlimited |
Leland-West | Leland-West | Flexible, limited plans (starting at 1,000 miles) or unlimited |
Nationwide | Hagerty | Unlimited |
Progressive | Hagerty | Unlimited |
Safeco | Safeco | Restricted-use limit of 5,000 miles / Regular-use limit of 10,000 miles |
State Farm | State Farm | 7,500 miles |
USAA | American Collectors | Tiered mileage plans of 2,500, 5,000 or 7,500 miles |
An unlimited mileage plan may not come with a fixed limit, but you may have to explain your mileage if it goes beyond a certain limit, such as 7,500 or 10,000 miles a year. That is because a classic car is expected to be driven only occasionally.
Using your car for exhibitions, car club activities, parades, car shows or the occasional pleasure drive is how classic car insurance companies envision you putting miles on your collector car. If you want your classic car used as a daily driver, you’ll likely need to look for a standard car insurance policy that won’t come with mileage restrictions.
What Qualifies My Vehicle as a Classic or Antique Car?
Car insurance companies have their own definitions of what qualifies a vehicle as a classic or antique car. Some companies, including Chubb and State Farm, consider cars between 10 and 24 years old classics and cars 25 years or older antiques.
Other companies may give a date range. For instance, Hagerty says classic cars are those from 1979 or earlier. However, vehicles from 1980 and newer may be able to get a modern classic or collectors’ insurance policy with Hagerty.
Because classic and antique car definitions vary, discuss your specific car with an insurance agent to determine what type of policy your vehicle is eligible for.
Eligibility Requirements for Classic Car Insurance
Beyond how old your car is, most classic car insurance companies have other eligibility rules. The requirements vary from one insurance company to the next, but here are common ones to be aware of when shopping for a policy:
- Age restrictions. Some insurers require drivers of your classic or antique car to be at least 25 years old.
- Locked garage. Most companies require that the car be kept in an enclosed, secured (locked) garage when not in use.
- Occasional use. Companies typically state that classic cars may be driven on a limited basis, occasionally for leisure or have infrequent general use. Some policies restrict the use of classic cars for hobby purposes only, such as car shows, exhibitions, and parades. You may be required to show you have another vehicle as your daily driver.
- Show pride of ownership. Many insurance companies require that your classic car be well maintained and in good condition, if not excellent or pristine.
What Does Classic Car Insurance Cover?
Classic car insurance typically offers coverage types similar to a personal auto insurance policy. Here are the standard coverage types you can include on a classic car insurance policy.
| Summary | ||
|---|---|---|
| Liability Insurance
| |
| Collision Insurance
| |
| Comprehensive Insurance
| |
| Uninsured Motorist Insurance
| |
Other Classic Car Insurance Coverage Options
Classic car insurance companies typically offer optional coverage types that you can tailor to your needs. Common additional coverage options include the following.
| Summary | ||
|---|---|---|
| Automobilia CoverageThis coverage pays for certain collectible items, such as hood ornaments, vintage license plates, gas pumps and station displays, automotive literature and other such items. | |
| Cherished Salvage CoverageIf your classic vehicle is totaled by a problem covered by the policy (like a car accident or flood), you’ll have the right to keep the salvaged car and still get a payout from the car insurance company (minus your deductible). | |
| Disabled Vehicle CoverageRoadside assistance coverage typically pays for towing and delivering items like fuel or oil. You might also be able to include trip interruption insurance, which covers the cost of transportation, lodging and meals if of cars your car breaks down outside a certain distance of your home. | |
| Inflation GuardThis automatically increases your agreed value limit to keep up with inflation so you won’t become significantly underinsured. The typical increase is around 2% every three months, with some insurers having a maximum annual increase limit. For example, American Collectors’ inflation guard adjusts the agreed value limit of your classic car for up to a maximum of 6% per year. | |
| Spare Parts and Automotive Tools CoverageThis covers spare parts and personal tools used to maintain or restore your classic car. Some auto insurance companies might cover spare parts even if they’re not intended for the vehicle on the policy. | |
| Vehicle Under Construction CoverageIf you’re restoring a classic car, this provides periodic increases in coverage. For example, with Progressive Classic Car by Hagerty, you’ll get an additional 10% in coverage (up to $25,000) to keep pace with restoration work. | |
Vehicles Excluded from Classic Car Insurance
Vehicles can be ineligible for classic car insurance if they don’t meet the age requirements or other eligibility rules, such as how you use the car. Classic car insurance is intended for secondary cars, not daily drivers or commuting cars.
Classic car insurance requires “limited use,” which generally means driving the car only occasionally for certain activities, such as exhibitions, parades and classic car club activities. For example, Hagerty typically won’t insure a classic car if it’s used in one of the following ways, regardless of its age:
- Daily use vehicles
- Off-road or recreational vehicles
- Commercial use vehicles
Most insurance companies we evaluated require you to have a regular (modern) vehicle for daily driving for your classic car to qualify for classic car insurance.
If you have a special car that’s excluded from a standard classic car insurance policy, ask an agent to help you find the right policy for your needs. For instance, an agent may help you find a “modern classic” policy if your car is excluded from standard classic car insurance because it’s not old enough.
How Much Is Insurance on a Classic Car?
The cost of classic car insurance is typically cheaper than a regular car insurance policy because a classic car spends less time on the road than a daily driver, so has less chance of being in an accident. American Collectors and Heaco*ck say their classic car rates are up to 40% less than standard auto insurance rates, while Hagerty says they are 34% less on average.
The best way to find out how much classic car insurance will cost for your vehicle is to compare car insurance quotes from multiple companies. Prices can vary significantly because insurers weigh risk factors differently.
Common Factors That Impact the Cost of Classic Car Insurance
Key factors that affect classic car insurance rates usually include:
| Summary | ||
|---|---|---|
| Annual Mileage The more you drive, the more you’ll pay because you’re more likely to be in an accident. | |
| Classic Car Insurance Coverage Choices If you add on motorsports coverage or other extras, your cost will increase. | |
| Deductible Amount Many classic car insurers offer a zero deductible option, but you’ll save on costs if you choose a higher-value one, such as $500 or $1,000. | |
| Your Age and Years of Driving Experience Some classic car companies have eligibility limitations based on age (drivers must be at least 25) and driving experience (wanting at least five years). | |
| Your Credit Score
| |
| Your Driving Record A clean driving record (one without traffic violations or accidents) will lower your classic car insurance costs. | |
| Vehicle Model and Value The more valuable your car is, the more expensive your policy will be because classic car insurance is typically based on an agreed value. That means you and the insurer agree on the value of the vehicle to be paid out if there is a total loss. | |
| Where the Vehicle Is Garaged Most classic car insurers require keeping your car in an enclosed locked garage or storage location. | |
| Where You Live Location-based factors, such as the cost of car repairs, medical care and the frequency of thefts, claims and auto accident lawsuits in your area, will impact your rates. | |
Ask an expert
How To Find the Best Classic Car Insurance
Penny Gusner
Insurance Senior Writer
Jason Metz
Insurance Lead Editor
Ashlee Valentine
Insurance Editor
Amy Danise
Insurance Managing Editor
Les Masterson
Insurance Editor
Evaluate Your Needs
I recommend deciding what coverage features you require and which you can skip. For instance, if you live in an area prone to natural disasters, such as hurricanes or tornadoes, finding an insurer offering evacuation/relocation expense coverage may be important.
Penny Gusner
Insurance Senior Writer
Look Into Mileage Limits
If you’re active in classic car hobby activities—such as car shows and parades—and put a lot of miles on your car each year, mileage limit options will be important. I recommend looking for a classic car insurance policy with a flexible or unlimited mileage limit.
If you look at your classic car much more than you drive it, I’d say choosing a lower fixed limit can be a better option as you’ll usually see a discount.
Jason Metz
Insurance Lead Editor
Determine a Good Deductible
Determine what car insurance deductible works best for you. A high deductible may be suitable if you have a very valuable vehicle or want to take on more of the cost and save. I found that American Modern lets you go up to $10,000 and American Collectors to 20% of your car’s value.
If a lower deductible is more of your speed, I’d caution against a zero deductible option. While zero dollars may sound good, you’ll pay more for the policy than a deductible of $250, $500 or more.
Ashlee Valentine
Insurance Editor
Shop Around
You’ll want to shop around with multiple companies to get the best price for your classic car insurance. I recommend looking for companies that provide the coverage features and mileage requirements that fit your particular needs and then compare car insurance quotes with those insurers.
Amy Danise
Insurance Managing Editor
Look for Discounts
See what car insurance discounts are offered to make your classic auto insurance more affordable. If you’re getting your classic car policy from the company you already have home or life insurance with, I’d say look for a bundling discount. You may also be able to get a multi-car discount.
Condon Skelly and Erie have lay-up discounts for storing your car away and not driving it for months at a time.
Les Masterson
Insurance Editor
What Types of Cars Are Covered by Classic Car Insurance?
The best classic car insurance companies will offer coverage for a broad range of specialty vehicles.
Every classic car insurance company will insure antiques and classic cars. But coverage options don’t stop there. If you have a kit car, a modified car, a show-worthy modern classic or an antique military vehicle, you can find the classic car insurance you need.
| Classic car type | Car insurance companies that should cover your classic or collector car |
|---|---|
Antique tractors | American Collectors, Condon Skelly, Hagerty, J.C. Taylor, Leland-West |
Classic hot rods & street rods | American Collectors, American Modern, American National, Condon Skelly, Grundy, Hagerty, Heaco*ck, J.C. Taylor, Leland-West |
Exotic cars | American Collectors, American Modern, American National, Condon Skelly, Grundy, Hagerty, Heaco*ck, J.C. Taylor, Leland-West |
Kit cars and replicas | American Collectors, American Modern, American National, Hagerty, Heaco*ck, J.C. Taylor, Leland-West |
Modern classic cars | American Collectors, American Modern, American National, Grundy, Hagerty, Heaco*ck, Leland-West, Safeco |
Military vehicles (antiques) | American Collectors, American Modern, Condon Skelly, Hagerty. J.C. Taylor, Leland-West |
Modified/Customs cars | American Collectors, American Modern, American National (if 25+ years old), Condon Skelly, Erie, Grundy, Hagerty, Heaco*ck, J.C. Taylor, Leland-West, Safeco, State Farm |
Race cars | American Collectors, American Modern, Hagerty, Heaco*ck, Leland-West, State Farm (with motorsports add-on) |
Restoration cars | American Collectors, American Modern, American National, Chubb, Condon Skelly, Hagerty, Heaco*ck, Leland-West, Safeco (as long as 50% rebuilt), State Farm |
Methodology
To identify the best classic car insurance companies we scored companies based on coverage offerings, mileage allowance and online quoting availability.
Car insurance coverage options (70% of score): It’s important to have access to additional coverage types beyond the basics that can provide greater protection or cost savings. In this category, we gave points to companies that offer a zero deductible option, an inflation guard feature, spare parts coverage, restoration coverage and disaster relocation reimbursem*nt.
Maximum mileage allowance (20% of score): Classic car insurance companies can restrict the number of annual miles allowed under a policy as most require the car to be used for occasional hobby use and pleasure drives. We gave points based on the maximum mileage limit offered.
Online quote availability (10% of score): Being able to obtain a classic car insurance quote online can save time. We gave points to the classic car insurance companies that offered online quotes.
Read more: How Forbes Advisor rates car insurance companies
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Other Classic Car Insurance Companies We Rated
Here are other car insurance companies we analyzed as part of our research.
| Company | Forbes Advisor rating |
|---|---|
Grundy |
3.5 stars |
American National |
3.0 stars |
JC Taylor |
3.0 stars |
State Farm |
2.5 stars |
American Family |
2.5 stars |
Erie |
2.5 stars |
Safeco |
2.0 stars |
Best Classic Car Insurance Frequently Asked Questions (FAQs)
What is classic car insurance?
Classic car insurance is a contract between you and an insurance company that provides specialized coverage for a classic or antique car in exchange for the premium you pay. A classic car insurance policy will outline what coverages you receive and what type of claims you can make.
Classic car insurance is similar to a standard car insurance policy but has restrictions on what cars it will insure and how the cars can be used. Generally, a car must be in good condition and driven infrequently for hobby or pleasure use. Also, because classic cars can maintain or increase in value, you determine an agreed value to be paid out if it’s totaled out.
Is it cheaper to insure a classic car?
Yes, classic car insurance is typically cheaper than a standard car insurance policy you’d carry on your daily driver. American Collectors and Heaco*ck say their classic car rates are up to 40% less than standard auto insurance rates, while Hagerty says they are 34% less on average.
The reason for cheaper prices is classic cars are less of a risk to insurers. Classic cars are generally restricted to being used for hobby and pleasure use, so their chances of being in an accident are lower. Also, classic cars must usually be stored in an enclosed, locked garage, reducing the chance of theft or severe weather damage.
How old does my car need to be to qualify for classic car insurance?
In general, to qualify for classic car insurance your car must be at least 10 years old to be considered a classic and 25 years old or more to be an antique. Check eligibility requirements when you’re shopping around as it varies by insurer.
American Collectors, American Modern, Hagerty, Heaco*ck, Grundy and Leland-West insure classic and collector cars of all ages, from vintage to modern. Some car insurance companies with minimum car ages of note include:
● American Family says your car should be at least 20 years old.
● Chubb usually covers cars that are at least 30 years old or of limited production.
● J.C. Taylor requires vehicles be at least 19 years old in most states.
Who has the best classic car insurance?
The best classic car insurance companies are American Collectors, American Modern, Leland-West Chubb, Hagerty, Condon Skelly and Heaco*ck, according to Forbes Advisor’s analysis.
These classic car insurance companies are the best options based on our evaluation of coverage offerings, mileage allowance and online quoting availability. To find the best classic car insurance company for your particular collector car, compare car insurance quotes from multiple companies.
What if my classic car is totaled?
If your classic car is totaled by a problem covered by the policy, like a car accident, fire or flood, you can file a claim. If your car is totaled, your insurance company will pay you either the stated value or the actual cash value of the vehicle, whichever is less. Agreed value is usually the better choice if you own a classic or collector vehicle that maintains or increases in value because you have a guarantee of what you’ll be paid.
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