Best Auto Insurance for Classic Cars 2023

If you own a classic car, securing the best auto insurance is paramount. The value of classic cars often appreciates with time, unlike modern vehicles that depreciate. But what is the best auto insurance for classic cars? This guide will navigate through various options to help you make an informed decision.

The Importance of Classic Car Insurance

Classic car insurance isn’t just a luxury—it’s a necessity. The unique aspects of owning and maintaining a classic car require a specialized form of coverage. These cars typically require more care and are more expensive to repair, so having the right insurance policy is vital.

What is Classic Car Insurance?

Classic car insurance is a type of auto insurance specifically designed for classic and vintage cars. These policies often offer agreed value coverage, meaning the insurer and policyholder agree on the car’s value when the policy is written. If the car is totaled, the owner will receive that agreed value.

Qualifications for Classic Car Insurance

Not all old cars qualify as “classic”. Insurance companies have specific criteria for what they consider a classic or antique car, typically related to the vehicle’s age, rarity, value, and how it’s used.

Choosing the Best Classic Car Insurance

When choosing classic car insurance, consider the company’s reputation, coverage options, customer service, and rates. Here are some top choices to consider:

1. Hagerty

Known as a leader in classic car insurance, Hagerty offers coverage for a wide range of classic and collectible vehicles. They also provide services like roadside assistance, coverage for spare parts, and restoration coverage.

2. American Collectors Insurance

American Collectors Insurance is another reputable name in the classic car insurance space. They offer flexible mileage plans and inflation guard protection, ensuring your car’s value doesn’t diminish over time.

3. Grundy

Grundy is a company that has been providing classic car insurance for over 70 years. They offer full agreed value coverage, meaning they will pay the full insured amount in the event of a total loss.

4. State Farm

State Farm, a household name in the insurance industry, also offers competitive classic car insurance. They offer agreed value coverage with an annual mileage limit of 7,500 miles.

5. J.C. Taylor

J.C. Taylor is a classic car insurance company that specializes in antique and modified vehicles. They have a reputation for fair claim handling and providing excellent coverage.

Comparing Classic Car Insurance Policies

While the aforementioned companies offer solid classic car insurance options, it’s crucial to compare policies. Here are the factors you should look into:

A. Agreed Value

This is a common feature in classic car insurance, where the insurer and the policyholder agree on the car’s value at the time the policy is written. This can be crucial for classic cars, whose value can fluctuate significantly.

B. Usage Limits

Classic cars are often driven less frequently than regular vehicles. Many classic car insurance policies have usage restrictions or offer reduced rates for limited use.

C. Coverage Options

Does the insurer offer specialized coverage options that suit your needs, such as spare parts coverage, restoration coverage, or roadside assistance?

D. Rates

The cost of classic car insurance can vary based on the value and type of car, how it’s used, and the coverage options chosen.

Insurance Claims and Classic Cars

As with any insurance policy, classic car owners should familiarize themselves with the claims process before choosing a policy. Ensure that the insurer has a good reputation for handling and paying out claims in a fair and timely manner.


Finding the best auto insurance for classic cars may seem daunting, but with some research and comparison, it can be done. It’s important to understand what makes a car a “classic,” what coverage options are available, and how different policies compare. Remember to consider companies like Hagerty, American Collectors Insurance, Grundy, State Farm, and J.C. Taylor, as they are known for their specialized classic car policies. Ultimately, the best insurance will provide comprehensive coverage that fits the specific needs of you and your classic car.

Frequently Asked Questions

Q: What qualifies a car as a classic?
A: While the definition can vary, a car is often considered classic if it is at least 20-25 years old and maintained or restored in a manner that stays true to its original design.

Q: How does classic car insurance differ from regular car insurance?
A: Classic car insurance often provides agreed value coverage, which means the insurer will pay out a set amount agreed upon when the policy is issued. This is unlike regular car insurance, which typically only covers the actual cash value or replacement cost of the car.

Q: How much does classic car insurance cost?
A: The cost varies greatly depending on factors like the car’s value, how often it’s driven, and the type of coverage chosen. However, it’s often cheaper than regular car insurance, given that classic cars are usually driven less frequently.

Thank you for reading this comprehensive guide on the best auto insurance for classic cars. We hope it was informative and helped you make an informed decision about your classic car insurance needs. Stay tuned for more insightful articles!


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