Best Auto Insurance For Classic Cars

To ensure your safety in the event that you are involved in a collision, classic cars require specialty insurance. But which companies are among the best auto insurance for classic cars and which classic car insurance company is the best for you?

InsuranceYesterday team will be reviewing the six top classic car insurance providers currently available. We’ll take into account each insurers industry standing, coverage options, strength, weakness and other factors. We will also discuss classic car coverage requirements as well as available coverage options.

What is a “Classic Car?”

It is possible to define a classic car differently depending on who you ask. The Classic Car Club of America (CCCA), defines a classic vehicle as one that was manufactured between 1915 and 1948. However, others might use the term “classic” to describe vintage, antique, collector, or other types of cars even though they were made after 1948.

Most likely, your car insurance company won’t rely upon the CCCA definitions of classic cars. Your insurance company will determine what is considered a classic car and other types of cars. 


Definition of classic car by State Farm

The classic automobile– A motor vehicle 10 years or older that has been preserved, maintained, or restored by classic car hobbyists.

Antique automobile: A motor vehicle older than 25 years and that has been maintained, restored or preserved by an antique automobile enthusiast.

Replica of an antique or classic automobile. It will be considered antique if it is more than 25 years old.We compared it to a policy by The Hartford.

Definition of classic car by The Hartford

The classic automobile Motor vehicle 10 years or older that may still be in use on a regular basis. It is worth significantly more than other motor vehicles with the same year and make.

Antique automobile: A motor vehicle older than 25 years and used primarily in public functions, such as parades, club activities and other functions of public importance.

There are some terms that car insurance companies might offer you. Hagerty’s website states that classic car insurance may include modified or newer vehicles. These are sometimes called “modern classics” and “future greats”.

Bottom line, insurance companies will have different definitions of classic cars and other types. To find out the type of coverage that your car qualifies for, it’s a good idea talk to your agent about your vehicle.

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Best Auto Insurance For Classic Cars 

A Model A policy might not be the best for you. A GT350 policy may have the best fit. Instead of trying to find one-size-fits all policies, look for the benefits that best suit your needs. Here is the list of the best auto insurance for classic cars. 

These are 6 companies that come in the list of best auto insurance for classic cars. They offer unique features. One thing to note here that not all carriers are available across all 50 states.

1. American Collectors:

Best for emergency roadside coverage

You’ll need to place your vehicle if you plan to travel to car shows, parades and other events where you can display your classic car. Add American Collectors to your list. The TLC plan offers “the most comprehensive towing service and labor reimbursement program for collector cars today.”

You can expect: Depending on which level you select

  • All levels: Emergency lockout
  • All levels of emergency towing
  • Roadside Assistance (all levels).
  • Accidental Death & Dismemberment
  • Ambulance assistance
  • Bail Bond
  • Auto Show Expense
  • Travel expenses for emergencies
  • Hit & Run Info Reward
  • Legal defense
  • Personal Effects
  • Theft Reward
  • Trailer Guard

The insurer also offers flexible mileage, restoration coverage, inflation protection up to six percent coverage beyond the agreed value, $500 spare parts coverage and deductible options, so that you can choose the best pricing for your car. For up to 30 days, you’ll get automatic coverage of up to $100,000

Telephone number:1 (888) 451-4847


You need to be ready for any breakdowns or other dangers when driving an older vehicle. While many antique car insurance providers offer roadside assistance and towing coverage, American Collectors offers some unique extras in its Towing & Labor for Collectors Plan.

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2. American Modern

Best for Spare Parts Insurance

In the list of best auto insurance for classic cars American Modern can also be a good choice. American Modern was the first specialty insurer to enter the market in 1949. They are familiar with the details of classic and antique cars and other collectibles. You may not have heard of this lesser-known company, but American Modern’s A+ rating with the Better Business Bureau can give you peace of mind when you consider the company’s policies

If you have an inventory full of difficult-to-replace parts, American Modern is a smart decision. This insurance company specializes in spare parts and has the best coverage at $2,000. This insurance company will insure your vehicle up to the agreed value and also sells policies for exotic vehicles.

The company will provide $50,000 coverage for 30 days if you find a car that you cannot live without. You have the option to choose your mileage based on whether you drive for pleasure at 1,000, 3,000, 6,000, or unlimited.

Pros of American Modern

  • All available nationwide
  • Before you sign the policy, agree on the value
  • Enjoy discounts up to 45%


  • High-risk drivers may not be covered
  • Customers complain about the length of claims processing

Telephone number:1 (800) 543-2644

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3. Grundy:

Best For Cars with increasing value

You might see your collector car become more valuable over the years, so you will want to make sure that your insurance covers it. Classic car insurance covers you and your insurer in advance. This is the value of your car and the amount you will get if it is stolen or destroyed. Grundy’s optional Motor Vehicle Program provides a cushion. It is one of the best auto insurance for classic cars. You can get up 150% of your insured amount if the car’s worth has increased.

James Grundy was the first to offer agreed-value coverage. This tradition continues today. You should always check the value of any vehicle with an appreciating market.

Grundy’s Rating

Among the top in the list of best auto insurance for classic cars Grundy classic car insurance has great classic car insurance reviews. The Company has a Trustpilot rating of 4.7 and a BBB accreditation with an A+ rating. Grundy’s Vintage Car Insurance policy covers all vehicles less than 25 years old and exotics of all models.

Grundy is part Philadelphia Insurance Companies (PHLY), which also underwrites its classic car policies. You can file a claim by visiting the PHLY website. Fill out a form. Within 24 hours, a representative will contact to discuss the next steps.

Other Benefits Of Grundy

Grundy is our top choice if your car is rapidly increasing in value. It also offers trip interruptions up to $600 which is a nice benefit.

MVP provides a 150 percent inflation protection, so you are always protected. You can also cruise for unlimited pleasure miles. There will be $500 in spare parts coverage and trip interruption protection. You can also get $250 towing and labor. The company covers classics older than 25 years and modified vehicles not being driven every day with high-performance engines, suspensions, or bodies.

Telephone number:1 (888) 648-6639

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4. Hagerty:

Best for Classic Car Community & Culture


  • Special coverage available for cars and restoration projects.
  • Comparable to other companies, high coverage of spare parts and tools.
  • There are many perks for classic cars.
  • Experts can locate hard to find parts for your vehicle.
  • Offer the possibility to purchase your car back and have it rebuilt by you in the event of total loss. 


  • Coverage requirements are strict.
  • They do not offer insurance for classic cars that are used every day

Telephone number:1 (877) 922-9701

Since 1984, Hagerty has been a leader in classic car insurance. The owners invest back into classic cars and offer great rates. Hagerty car insurance is the perfect choice for restoration enthusiasts, as it provides coverage for restoration projects and has staff dedicated to finding parts. It is a community, culture and car insurance all in one. Hagerty Drivers Club members get exclusive discounts, their magazine and member-only events. Hagerty Carcierge will help you find OEM, NOS and LKQ parts.

Company’s auto insurance is another choice that stands out when looking at classic car insurance reviews. In addition to the 4.5 stars it received on Trustpilot, it has an A+ rating with the BBB. Progressive car insurance uses Hagerty for classic cars. This means that you will get the same benefits and policy no matter what company you choose.

Guaranteed value, flexibility, and expert claims handling by car specialists will be yours. You also get $750 worth of spare parts coverage, and optional protection for tools or memorabilia. Hagerty is a popular choice for car lovers all over the country.

The Hagerty Carcierge is able to help you locate replacement parts for original equipment manufacturer (OEM), old stock (NOS), and like type and quality (LKQ). This is important as the authenticity of the parts will affect the car’s value.

Hagerty auto insurance policies also offer the possibility to purchase your car back and have it rebuilt by you in the event of total loss. The company offers two options for repairs: you can have your vehicle repaired by a shop you prefer, or you can repair your car yourself and receive insurance benefits.

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5. Safeco.

It is the best for classic cars that are used regularly

Safeco Insurance has policies that allow you to drive your vintage car occasionally, regardless of whether it is a 1950s muscle car or an old antique car. Safeco, a subsidiary Liberty Mutual, offers you the security and assurance of a specialist car insurance policy. It is backed by an A+ Better Business Bureau Rating and serious financial strength.

Most collector car insurance policies prohibit you from driving your vintage car to work every single day. The only exception is for pleasure driving, Sunday afternoon drives or trips to car shows. Safeco also offers regular-use coverage for classic cars, with a limit of 10,000 miles per year and the limitless use plan is 5,000.

Safeco offers optional plans that include roadside, emergency assistance and diminishing deductibles. Personal property protection is also available. Pet coverage is also available. The company doesn’t cover race cars, kit cars, or cars that have been restored less than 50%.

Pros of Safeco

  • There are no restrictions on mileage.
  • Several unique discounts for classic car owners.
  • Excellent coverage and perks.


  • It is not available in all 50 US states.
  • Only for classic cars and antique automobiles.

Telephone:1 (800) 332-3226


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6. State Farm: The Most Reliable

State Farm is best for Classic or Traditional Insurance

In the list of best auto insurance for classic cars state farm is one of the most reliable insurance company. State Farm has a wide range of coverage options and rates for classic cars. It is one of the few car insurance companies that still relies on knowledgeable local agents to help you out with claims and other needs along the way.

State Farm auto insurance is one of the few traditional insurers that also covers collector vehicles on its own – it doesn’t partner with another company. This means that you will speak to your State Farm agent, and only deal with one company when needed. State Farm was rated well by J.D. as it earned 4.5 stars out of 5 in our market review of top-rated car insurance companies. Power’s 2020 U.S. Auto Claims satisfaction Study SM.

State Farm will cover your collectible up until the agreed-upon amount to protect against depreciation. You can insure vehicles up to 10 years old and older with $500 spare parts coverage. With a 24/7 claims service, you can have all your needs met.

State Farm also offers the option to bundle your classic auto policy and other policies such as homeowners insurance or life insurance.

Unlike traditional insurance companies, State Farm writes its own classic vehicle policies. You can have policies for your house, boat, regular vehicle, collectibles and many other items with the same agent.


  • Coverage available nationwide.
  • 500 spare parts coverage.
  • Rates are based on usage


  • Some special discounts and perks available to classic car owners.
  • There are many limitations to coverage criteria

Telephone:1 (800) 782-8332


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What is the difference between Classic and Collector Car Insurance?

Let’s first discuss how it differs. You will still be covered for bodily injury liability and comprehensive coverage. Collision coverage is also available. Medical coverage may also be available depending on the state. You’ll be legal and satisfy the state’s requirements for protection.

How the vehicle is insured will determine the difference. An appraisal or underwriting will determine the insured amount. The plans are generally cheaper because classic and collector car policies do not cover daily driving.

Many insurers require that you keep your vehicle secured. They also offer customized protection such as spare parts and restoration coverage. 

Additional qualifications for cars are:

Age: For antiques, ten years is the minimum. Each company will have a different requirement. If the car is exotic, like a Lamborghini, it won’t usually qualify.

Condition: It is important to maintain your vehicle. However, some companies offer insurance during restoration.

Pleasure: Collector cars and classic cars are not recommended for daily driving. While some companies may be flexible, others might restrict the ability to drive the vehicle for daily tasks.

Secure Storage: For covered vehicles, most companies require a locked garage. Other accommodations may attract a higher premium.

Separate Car: Insurance providers require that you have a second car for your daily driving.

Qualifications for Drivers

Driving Record: A clean driving record is preferred. A clean driving record is preferred. Some insurers will look back as far as 10 years.

Experience and age: Insurance companies require drivers with five to ten years driving experience, or at least 25-years old.

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What Types of Cars are Covered by Classic Car Insurance?

The insurance company may offer classic car insurance that covers a variety of vehicles. These are some examples of vehicles that may be eligible for classic vehicle insurance.

  • Antiques
  • Classic cars
  • Classic military vehicles
  • Customs
  • Exotics
  • Classic tractors
  • Kit cars and replicas
  • Military vehicles
  • Modified vehicles, like hot rods, tuners and lowriders
  • Motorcycles and scooters
  • Muscle cars
  • Race cars
  • Restorations in process
  • Retired commercial vehicles, like fire trucks
  • Trucks
  • 1980 and newer collector vehicles

What Types of Cars Are Excluded for Classic Car Insurance?

Classic car insurance covers many cars. However, the way you drive your car is a major factor in determining coverage.

Classic car insurance may require “limited use.” This means that you will only drive your car for certain activities such as parades or classic car club activities.

Classic car insurance policies may allow you to use your car occasionally for pleasure driving. A classic car insurance policy will not cover you if the car is used regularly, such as for commutes to work.

Hagerty will generally not insure a classic vehicle if it is used in any of these ways regardless of age.

  • Vehicles used daily
  • Recreational or off-road vehicles
  • Commercial-use vehicles

Nationwide and other insurance companies may require that you have a regular vehicle for daily driving in order to be eligible for classic car insurance.

Storage requirements may be required by some classic car insurance policies. To be eligible for coverage, your car may need to be stored in an enclosed, locked garage, or other storage area. Hagerty might, for instance, consider other storage options acceptable, such as carports or driveways, parking lots, and car hauling trucks.

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How to save money on classic car insurance

Even though you may not have the money to buy your dream car, solid collectible car insurance can still be affordable. Ask the companies to inform you about any discounts or savings that are offered when you compare collector car policies.

There are many discounts available from classic car insurance companies. These are some of the ways through which you may get some extra discounts:

  1. You can have more than one car. Many companies offer discounts when you insure more than one vehicle, such as classic cars or collector cars. Many companies offer discounts to enthusiasts who have large collections.
  2. You can have more than one policy. Combining your classic car policy and other types of coverage like life or homeowners insurance could result in a discount.
  3. Fewer miles. Although unlimited mileage sounds great, it might not be the best option if your collector car isn’t used a lot. A policy with a mileage limit may be more affordable.
  4. Higher deductible. Many companies offer zero-deductible policies, but a higher deductible will result in a lower premium.
  5. Anti-theft devices. Many companies offer price breaks for anti theft measures. American Modern offers discounts ranging from 5% to 20 percent.
  6. Car club membership. You may be eligible for a discount if you are a member of an approved car club.
  7. Driving course for safe driving. American Modern can help you save 5% to 10% by enrolling in an accident prevention class. Safety education is also offered by several other companies.
  8. Early bird. Certain companies offer discounts for renewing policies before they expire.


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