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Compare classic car insurance

Get the best coverage to protect your vintage ride, and find out how to save on collector car insurance.

This article was reviewed by Andrew Flueckiger, a member of the Finder Editorial Review Board and certified insurance counselor and licensed insurance agent in five states.

If you proudly own a classic Porsche, Thunderbird, DeLorean or another classic, classic car insurance offers specialized protection for these valuable vintage cars. Classic car policies include agreed value coverage, special event insurance and enhanced roadside assistance to protect areas not covered by traditional policies, like your car’s full appraised value.

What are the best classic car insurance companies?

How we chose these picks

To bring you the best classic car insurance choices, Finder’s experts analyze companies’ customer and claims satisfaction scores, coverage, discounts and perks designed for classic cars. Our editorial team spends thousands of hours researching and analyzing hundreds of car insurance companies.

Best quote process: Progressive

Roadside assistance

New car protection

Accident forgiveness
Use Progressive's handy online comparison and quote tools to find the right policy, or compare Progressive's price with competitors to find the best deal. Progressive also lets you bundle nearly any kind of auto coverage, including classic cars, bikes and boats.
  • Top-rated insurer with 80 years' experience
  • Easy online sign-up and reporting
  • Multiple discounts available
  • Transparent quoting
  • Some customer complaints
  • Six-month policies standard
States served All 50 states & DC
Roadside assistance Optional
Pay schedule 12 months, 6 months
Claims methods online, phone
New car protection No
Accident forgiveness Yes

Best discounts: Liberty Mutual

Roadside assistance

New car protection

Accident forgiveness
Enjoy a wide range of discounts, including a usage-based discount if your car spends enough time being pampered instead of driven. Liberty Mutual also offers some of the best new and better car replacement programs for a new classic like a Mustang or Alfa Romeo.
  • Roadside assistance
  • Usage-based discount
  • Better car replacement
  • Nationwide coverage
  • Coverage minimums vary by state
  • Some access to agents
  • Not always the best prices
States served All 50 states & DC
Roadside assistance Optional
Pay schedule 12 months, monthly
Claims methods Online, Phone
New car protection Yes
Accident forgiveness Yes

Best one-on-one service: Chubb

Roadside assistance

New car protection

Accident forgiveness
Get personalized, one-on-one support with an auto specialist to repair your classic car to the manufacturer's specs. Plus, its perks include unlimited mileage for hobby driving, agreed value limits and 30 days of free coverage for new cars in your collection.
  • No mileage limit for hobby use
  • Repairs using original equipment manufacturer parts
  • Newly acquired car coverage
  • Car expert and dealer referrals
  • Up to $10 million in worldwide auto liability
  • High rates for low-value vehicles
  • No online quotes
States served All 50 states
Roadside assistance Optional
Pay schedule 12 months, 6 months
Claims methods online
New car protection No
Accident forgiveness No

Classic car insurance runnerups

If our top picks don’t wow you, consider some alternatives to insure your classic car:

  • Heacock Classic. Classic policies designed for daily drivers, but you’ll face strict requirements for which cars and drivers qualify.
  • Grundy. No mileage limits or deductibles in most states, but Grundy doesn’t accept every driver and your claims process could be lengthy.
  • JC Taylor. Free coverage if you insure multiple cars with JC Taylor, though you’ll fill out a paper application and can’t get many coverage extras.

How much does classic car insurance cost?

Collector car insurance typically costs less than standard auto insurance since classic car owners tend to drive their vehicles less. These factors influence your exact costs:

  • Age. Drivers under age 25 have less experience on the road than older drivers, and the extra risk is reflected in young drivers’ high premiums.
  • Your make and model. A classic Jaguar is worth more than a Chevy truck, so the higher replacement value and theft rate will affect insurance.
  • Mileage. Someone who drives 30,000 miles a year will pay more for insurance than someone who drives less than 10,000 miles.
  • Parking. A street-parked car is more likely to get stolen or damaged than one kept locked in a garage.
  • Your address. Certain areas are prone to car accident claims, affecting your premium.
  • Your driving record. If you have a history of traffic offenses, accidents or insurance claims, expect to pay more than someone with a claim-free record.
  • Security. Vintage cars with antitheft devices are less of a target for thieves, lowering your insurance rates.

Modern classic car insurance rates

Compare average annual car insurance rates for 10 modern classic cars. Your car’s make, model, trim and year are the biggest factors that affect your actual rates.

Make & modelAverage annual rate
Nissan GT-R$158
Lotus Evora$424
Lotus 3-Eleven$464
Chevrolet SS$164
Porsche Cayman$108
Dodge Viper$170
Ford Mustang$166
Chevrolet Corvette$238
Audi TT$128
Dodge Challenger$245

Car insurance rates by make and model

Compare classic car insurance

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
The AARP Auto Insurance Program from The Hartford
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
Depends on provider
All states & DC
Get quotes in 30-seconds from 100+ companies, and save an average of $800 or more per year. Requires online login to your existing insurance.

Compare up to 4 providers

How to save on classic car insurance

Cut the cost of protecting your valuable classic with a little work before signing up for or renewing your policy.

  1. Bundle other insurance. If you’re using a standard insurer, you may save if you buy homeowners or renters insurance from the same company.
  2. Check with your car club. Belonging to a car club could lead to discounts from affiliated car insurers.
  3. Combine cars. If you have several classic cars, see about insuring them all under one policy for savings.
  4. Invest in security. An antitheft system and updated security for your garage could cut your premium.
  5. Mind your miles. Not driving means not having as high of a risk for claims, which lowers your premiums.
  6. Shop around. If you don’t like your rates, get quotes and compare coverage with other insurers, or negotiate a lower rate with your current insurer.
  7. Store your car. If you’re not hitting the road or doing the show circuit for a while, store your car in a safe space and let your insurer know. You could get a low-mileage discount or a storage insurance policy that reduces coverage while your car is locked up.

What does classic car insurance cover?

Although the exact level of coverage available differs between insurers, you can generally find coverage for:

  • Agreed value. Agreed value determines your car’s worth and pays claims for that exact amount, unlike market value coverage.
  • Choice of mechanic. You have the freedom to take your car to your trusted classic car mechanic.
  • Lay-up periods. Many vintage cars spend time being laid up, maintained or cleaned, and classic car insurers factor this in to premiums.
  • Limited usage. Classic cars may qualify for mileage-based policies or low-mileage discounts if driven infrequently, but you may have to stick within set mileage limits.
  • Car shows, events or tours. Your policy usually covers you while you’re transporting to or driving in a classic car event, but let your insurer know about the event beforehand.
  • Medical reimbursement. If someone gets injured in or around your car at a show it’s featured in, their medical bills could be covered.
  • Modifications. Classic cars may get modifications or attachments over the years, but classic car insurance includes or easily adds coverage for these.
  • Salvage rights. If your classic car suffers a covered total loss, you can keep the unrepaired car and your insurance payout, rather than sending it to the salvage yard.
  • Spare parts. Covers damage or theft to spare parts like tires or other gear.
  • Vandalism or theft. Since classic cars could be targets for thieves, comprehensive coverage protects your ride from theft, vandalism and other damage.

What’s not covered with classic car insurance?

A list of general exclusions applies to all classic car insurance policies. Your claim will usually not be paid for:

  • Loss or damage that happens outside the US
  • Tire damage from braking, punctures or cuts
  • Mechanical, structural or electrical failures
  • Repairs to existing damage
  • Deterioration, rust, corrosion or wear and tear
  • Fixing faulty repairs, unless as part of a claim
  • Replacing lock barrels and coded keypads
  • Depreciation or the loss of value of your vehicle
  • Intentional loss or damage
  • Damage from the legal seizure of your vehicle
  • War, riot, civil unrest or nuclear activity
  • Any act of terrorism
  • Discharge of any pollutants from your car
  • Not securing your car after a breakdown, collision or theft
  • Damage to your standard daily driver, unless you have separate insurance

        How is agreed value determined?

        Classic car insurance policies insure your much-loved vehicle for an agreed value, also referred to as the guaranteed value, which is the amount that you and your insurer agree the car is worth when you apply for a policy. You’ll get paid this agreed-on amount if your vehicle is written off.

        The agreed-upon figure includes modifications and any accessories that are fitted to your vehicle. While agreed value policies can cost more than market value policies, they offer a higher payout.

        What am I covered for under an agreed value policy?

        A guaranteed value policy provides coverage for:

        • The agreed value that you and your insurer set at the policy’s beginning
        • Modifications or accessories attached to your vehicle
        • Liability insurance on the roads and at shows

        How do I get my car valued?

        Car valuation services can appraise your car’s value to give to your insurer. Some services can provide valuations online for about $15 depending on the service.

        You can include photos of your vehicle or a ratified value documentation from an owners club to help with the appraisal process. For vintage vehicles, insurers may require more documentation for modifications, accessories or car damage.

        Details typically required for the appraisal:

        • Year
        • Make
        • Model
        • Vehicle Version
        • Body Type
        • Miles

        What category does my classic car fall under?

        Most major insurers only recognize your car as a classic if it’s used for special events and not driven frequently. Plus, most insurers recognize cars as classics or antiques at 25 to 30 years old, states the Insurance Information Institute.

        There are three categories available for older cars — classic, vintage and veteran — and these classes are determined by your vehicle’s date of manufacture.

        ClassificationAge and specification
        • The Classic Car Club of America recognizes those manufactured between 1915 and 1948
        • In good working condition
        • Better condition than the average of other cars the same make and model year
          • The Antique Automobile Club of America specifies 25 years or older
          • Good working original or restored condition
            Kit carsSeparate manufactured components or a replica or reproduction of a vehicle at least 25 years old
            Street rodsMade before 1949
            Vintage carsMade between 1919 and 1930
            Veteran vehiclesA retired military vehicle, often those that are made before 1919
            Rare carsIncludes motorsport, tractors, military, motorcycles, modified classics and limited production vehicles

            What if I have a classic car loan?

            If you paid for your ride with a classic car loan, consider getting gap insurance. Gap insurance covers the difference between the car’s value and how much you owe on the loan if your car is totaled, stolen or destroyed.

            Say your precious restored DeLorean is stolen, or classic VW is totaled. You’ll get reimbursed for the car’s value by your insurance, but you might owe money on your car loan due to interest or depreciation.Gap coverage pays back the difference, so you’re not stuck paying your bank back for a car that’s no longer fit to drive.

            However, if you have an agreed value classic car insurance policy, you may not need gap insurance since your insurer will pay the full amount of your car’s worth that you agreed on when you originally purchased your policy.

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