Compare car insurance for discontinued cars

You typically need standard insurance for your discontinued car model. However, consider extra coverage like original equipment manufacturer (OEM) parts, so you’re not paying out of pocket to keep your car authentic. Also, keep classic or collector car insurance in mind if your car qualifies, which can cost less than a standard policy.

How to save on car insurance for a discontinued car

You can use a few methods to save money on your premium:

• Shop multiple quotes. Get the best rates by comparing quotes from multiple providers.
• Safety features. Every car needs to stay safe with airbags, antilock brakes and an antitheft device. A newer car made in the last few years that’s only recently been discontinued, like a Ford Focus or Jeep Patriot, will probably have safety features that can help you get a safe car discount.
• Insure multiple cars. Find savings just by putting all your cars on the same policy.
• Bundle policies. Get all your insurance needs taken care of conveniently with one provider.
• Drop unnecessary coverage. Nix unnecessary coverage when you can handle the risk on your own, such as new car replacement or extended roadside assistance.

Cost of car insurance for a discontinued car model

The average rate for car insurance is around $1,300 per year. However, your car’s rates might dip below this because discontinued cars often lose their value quickly. Since car value is one of the factors that determines rates, this could play to your advantage.

In addition, classic or collector car insurance often costs 40% less than regular insurance. That means you could pay as little as $780 per year if your discontinued car qualifies.

What coverage do I need for a discontinued car?

You still need standard coverage to drive around your discontinued model. Coverage that nearly every car can get:

• Bodily injury liability. Makes sure other drivers and passengers get the medical bill assistance they need. Required in most states.
• Property damage liability. Takes responsibility for damage you cause to another person’s vehicle or property. Also required.
• Medpay or personal injury protection (PIP). Helps with medical bills and income loss for your accident-related injuries. Some states require PIP.
• Collision. An optional coverage that protects you from paying for your own vehicle repairs.
• Uninsured/underinsured motorist. Gives you coverage even when an at-fault driver has inadequate insurance. Often required.

What add-on coverage should I consider for discontinued cars?

Sometimes, a discontinued car model makes it harder for mechanics to find the right parts after an accident. Consider several add-ons to take care of this need and more:

• Original parts. Allows you to repair your car with original or specialty parts, which may cost extra.
• Agreed value. Consider coverage that pays the full value of your car if you’ve made modifications or have a high-value vehicle.
• Classic or collector insurance. Your car may be considered a classic or collector car if it’s around 15 years old or is a rare car that appreciates in value. This policy type usually requires low mileage and garage storage.
• Comprehensive. Keeps you safe from vehicle theft or weather damage, which may be helpful for high-value cars.
• Roadside assistance. For older models that are less reliable, consider coverage for towing and roadside help if you experience a mechanical breakdown.
• Rental reimbursement. Covers the cost of a rental car if your car takes longer in the shop due to specialty parts.

Do discontinued car models need different types of coverage?

Discontinued cars have the same legal requirements as other cars, and insurers should cover you under a standard policy. However, consider getting special coverage based on the type of car you own.

• Standard discontinued cars. Coverage for original parts ensures you’ll pay nothing extra for hard-to-find equipment.
• Customized discontinued cars. Customized parts coverage for specialty parts that are hard-to-find, especially for imports or rare models. Agreed value gets you the full value covered in a total loss accident.
• Classics or collectibles. Covers car shows, low-mileage driving and agreed value for restored vehicles.
• Level of coverage.Buying a discontinued car with a loan or lease means you’ll typically need full coverage car insurance, which costs more than liability-only coverage. Also consider adding gap coverage, which covers the gap between the loan and the car’s value if it’s totaled.

Which cars are no longer made?

These makes are no longer in production in the US:

5 steps to get car insurance for a discontinued model

To apply for car insurance, start as you would with any other car. However, specialized cars such as a collector’s model may require you to call the insurance company directly.

1. Enter your ZIP code to start an online quote or speak directly to a customer service representative.
2. Fill in personal and vehicle information, especially your car’s make, model and year.
3. Choose the coverage that fits your needs.
4. If applicable, send documented proof of your car’s value or schedule a valuation assessment.
5. Enter bank account or credit card information for payment, then finalize details.

What should I watch out for?

Discontinued car models include a few caveats when insuring:

• Specialty repairs. Depending on your car model, you may need special machinery or expert knowledge for proper repairs, especially for older makes like Saab or Plymouth. Double check the repair process with your insurer so that your car gets the attention it needs.
• Customized parts. Unless you have coverage for customized parts, you may not get coverage if they’re damaged in an accident.
• Safety concerns. If your car was discontinued for safety reasons, get a mechanic to ensure the defects have been fixed. Car recalls are covered 100% by your manufacturer, but call your mechanic first to get the right replacement parts. You may even get an insurance discount for adding safety features.

Bottom line

Discontinued cars need standard car insurance coverage in most cases. However, consider coverage for OEM parts, agreed value or even classic car insurance for wider protection.

Get quotes from multiple providers that offer the best value and benefits for your discontinued model.

Frequently asked questions about insuring discontinued cars

• Why are cars discontinued?

  Manufacturers discontinue cars for various reasons, including low sales, safety concerns, technology improvements or new car models that take priority. Sometimes, though, manufacturers will go out of business or leave the US market.

• Do discontinued cars lose value faster?

  Yes, discontinued cars tend to lose value quickly since some buyers steer away from these models. That means you should get a deal when purchasing from a dealership, but you’ll also lose out on resale value.

• Can I still find parts for my Ford even if my car is discontinued?

  Yes, getting parts for a Ford should be a simple, easy process since the manufacturer is still around.

  For example, you should have access to engine parts, especially if they’re similar to the truck engines Ford will be producing. Car parts get much harder to find if a maker goes out of business or leaves the country.