Does my car qualify for classic auto insurance?

If you own a classic or collector vehicle, classic car insurance can offer special protection due to the unusual circumstances of owning a collector car. 

To get classic car insurance, you and your vehicle must meet certain eligibility requirements. Read on to learn about classic car insurance requirements. 

Classic Car Insurance Requirements

Many people think classic cars are just cars of a certain age, but you’ll need to meet specific requirements for most classic car insurance policies. 

Classic car insurance requirements vary from insurer to insurer. Typically, you’ll need to meet these qualifications to purchase classic car insurance:

• The vehicle is over 25 years old. This is typically considered the cutoff age for classic car insurance, but it may vary from insurer to insurer. 
• Good condition and has low mileage. Your classic car needs to be in good condition and properly maintained, including keeping your annual mileage low. Annual mileage will affect car insurance rates, though how much will depend on the auto insurance company itself.
• Proper storage. You can earn a discount on auto insurance if your car is in storage. Most insurers prefer indoor, secure storage for collector vehicles, like a fully enclosed garage. Some companies may allow covered carports or alternative storage options.
• Clean driving record. Drivers with DUIs, excessive speeding violations, or other serious infractions may be denied classic car insurance. Learn how auto insurance companies check driving records.
• Use a different primary vehicle. Classic car insurance can’t cover your primary vehicle. You can only use your covered classic car for clubs, exhibitions, and other pleasure driving. You must have another car you use for commuting or other regular driving. 

You won’t be able to get classic car insurance if your car can’t be driven safely or has sustained any significant damage. However, you still might be able to find coverage without proper storage if you shop for classic car insurance that does not require a garage.

Check with your current car insurance company to see if you can add classic car insurance coverage to your existing policy. You can also compare car insurance quotes from auto insurance companies that specialize in classic and collector car insurance. 

How old does a car have to be to get classic car insurance?

Most insurers require vehicles to be more than 25 years old to qualify for classic car insurance. However, some insurance companies or states may allow classic car insurance on cars as little as 10 years old, depending on other factors like usage or historical importance. 

These are the best states for classic car owners but check with your insurance company and other classic car insurers to find out if your vehicle meets the age requirement. 

What vehicles qualify for classic car insurance?

Classic car insurance applies to regular passenger vehicles like muscle cars and sports cars, but other types of vehicles can qualify for collector insurance, too. If you’re looking for sports and muscle car insurance specifically, know that it does tend to be a bit more expensive than your standard auto policy. 

Here are some other types of vehicles covered by classic car insurance:

• Newer collector vehicles, like limited editions
• Modified cars, like hot rods or street rods
• Antique farm vehicles and equipment
• Antique military vehicles

If you have an unusual vehicle you’d like to insure, check with your insurer to see what kind of coverage they can offer. 

How does classic car insurance work?

There are many different ways insurance companies determine the value of your car. Classic car insurance works differently than a standard car insurance policy. With standard insurance, the company will pay up to the car’s actual cash value in the event of damages. 

With a classic car insurance policy, you’ll agree on a value for your car upon purchase. Sometimes called the guaranteed value, it’s typically based on the appraised value of your classic car. Unlike regular cars, you don’t have to worry about your insurance changing as your car depreciates. 

Your classic car insurance policy will typically cover comprehensive and collision auto insurance up to the guaranteed value of your car. You’ll also need to meet your state’s minimum liability coverage requirements. 

You’ll get complete coverage for a collector car on a classic car policy than a standard one. In addition, you can add coverage for special restoration or care that your classic car needs. 

Where can I get a classic car insurance policy?

Many car insurance companies, like Geico and Progressive, offer classic or collector car insurance. You may be able to add a classic car insurance policy alongside your regular-use one with the same company. 

Other companies, like Hagerty, specialize in classic and collector car insurance. You can buy a separate policy from them while maintaining your regular policy with your standard insurer. Read our Hagerty auto insurance review to learn more.

The Bottom Line on Classic Car Insurance

You need to meet specific requirements for vehicle use, storage, and age to qualify for classic car insurance. If you do, collector insurance can provide valuable coverage for your classic vehicle, guaranteeing a payout value in the event of damage. Check with your insurer to see if they offer coverage for classic cars or get a quote from a specialty insurer.