How to Insure a Classic Car

Red 1980 Corvette

The following are examples of vehicles that may require collector car insurance:

  1. Automobiles from the past (25 years or older)
  2. Exotic and high-end automobiles
  3. Trucks from the past
  4. Vehicles from the military’s golden era
  5. Vehicles that have been modified or hotrods
  6. Automobiles with a lot of power


Anyone who owns a vehicle is required to get automobile insurance. Collector automobiles, on the other hand, are distinct and necessitate the purchase of specialized auto insurance. Antique, classic, and collector automobile insurance are all types of policies that are meant to provide coverage for valuable classic, antique, and collector vehicles.

Collector car insurance is required for a variety of reasons, including the following:


Classic performance and collector automobiles are often more expensive than the ordinary late-model automobile in terms of purchase price.

Repairs on classic vehicles are more specialized and complicated, and as a result, they are more expensive to perform.

Classic and collector cars are more prone to be stolen or vandalized than other types of automobiles because of their high value and scarcity.

Many historic cars are driven only occasionally, resulting in lower insurance prices.


The term “classic automobile” might mean different things to different people. Accordion-style vintage cars are defined by the Classic Car Club of America as “…excellent or uncommon motor vehicles that were manufactured between the years 1915 and 1948, inclusive.” The beautiful design, high engineering standards, and superior craftsmanship of each of these automobiles separate them from the others.”


The current cash worth of your vehicle is likely to be greater than the original selling price for insurance purposes, thus if your vehicle’s current cash value is greater than the original selling price, it is likely to qualify for collector car insurance.


Insurance Requirements for Collector Automobiles

Collector car insurance policies impose additional limitations on how the vehicle must be operated in addition to the criteria for a qualified vehicle.

These prerequisites are as follows:

  • Many collector car insurance policies specify that the vehicle is kept in a storage facility or a locked garage in order to qualify for coverage.
  • The driver who does a good job: You must have a clean driving record in order to be eligible for antique car auto insurance coverage. If you have a criminal record that includes any significant offenses, insurance providers will not issue you a policy.
  • Many collector car insurance policies contain restrictions on the amount of time and mileage that can be used. They may also impose travel limits, which you should be aware of before obtaining coverage from them.

The typical coverages provided by collector car insurance.

Liability, collision, comprehensive, and medical benefits are all included with collector vehicle insurance, which is similar to conventional auto insurance.

In the event of a total loss, collector car insurance reimburses the insured for the agreed-upon guaranteed replacement cost of the vehicle.

When it comes to standard car insurance, the maximum amount that will be paid out is the vehicle’s actual cash worth – which is equal to its depreciated value at the time of loss.


The cost of collector car insurance is not necessarily higher than the cost of ordinary auto insurance because collector car insurance is meant to cover pricey, vintage vehicles. The truth is that in some circumstances, the cost may be less than half the original.

The type of vehicle, the location, and the driver’s age and driving record are all factors that influence collector car insurance premiums. The lower the mileage restrictions for a classic car, the lesser the likelihood that the rates will be for that vehicle. If you store your historic car in a climate-controlled storage facility year-round, you may be able to significantly reduce your insurance expenses.