Insurance for Your Classic Car

Just as there is more to a classic car than your typical daily driver, so too is the case when it comes to antique auto insurance as compared to a generic auto insurance policy. In this article, you can find information about how antique auto insurance differs from regular auto insurance, what requirements there may be to qualify for an antique auto policy, and some other considerations regarding insurance for your classic car.

close up of front fender of a classic car

What’s the Difference Between Antique Auto and Auto Insurance

There are various differences between an antique auto policy and a typical auto insurance policy that one would have for a regular vehicle. For example, your classic car must meet eligibility requirements, there are usage rules you must follow, and some of the available coverage options differ, among other factors. The following sections delve deeper into some ways an antique auto and generic auto insurance policy may differ.

What Qualifies for Classic Car Insurance?

Some common conditions and restrictions with antique auto insurance policies include, among others:

  • The vehicle may need to be stored in an enclosed structure, such as a garage, carport, parking garage, or storage unit.
  • You as the driver may need to meet eligibility requirements, such as not having any serious traffic infractions (such as alcohol related offenses, reckless driving, or outstanding speed violations) on your record.
  • Your classic car may need to meet age requirements, for example being 25 years or older or 20 years old with collectible value.
  • The permissible use of the vehicle may be limited, such as use only for exhibitions or pleasure/leisure activities, and it cannot be your primary mode of transportation.
  • You may not be able to use your classic car for racing.
  • The annual on-road mileage of your vehicle may be limited.

back view of group of cars at car show

Insurance Coverages for Your Classic Car

Although the uses of your classic car and daily driver are vastly different, the basic coverages available for both are quite similar. The following are some of the typical coverages that are included in antique auto insurance.

  • Bodily injury liability
  • Property damage liability
  • Comprehensive insurance
  • Collision insurance
  • Medical Payments
  • Uninsured motorist coverage
  • Underinsured motorist coverage

Additional Coverage Options for Classic Cars

In addition to the common coverages noted above, many classic car insurance policies offer a number of optional coverages that you can select. Such available coverage options often include agreed value, spare parts coverage, a tiered mileage plan, travel coverage, and auto show medical.

Agreed Value – With an agreed value plan, you and your insurance company agree upon the value of your classic car at the time that you purchase your policy.  

Parts Coverage – Parts coverage can help you obtain parts for your classic vehicle if  a qualifying event occurs and your vehicle’s parts are destroyed, damaged, or stolen.

Tiered Mileage – With a tiered mileage plan, you agree to limit the total number of miles that you will put on your classic vehicle in a year to an amount that is agreed upon by the insurance company. This is typically done in order to obtain more competitive premium rates.

Worldwide Coverage – If you plan to travel out of the country for car shows or events with your vehicle, you should seriously consider worldwide coverage. Typically a general auto policy is usually restricted to inside the U.S., resulting in a need for this coverage if you plan on taking your classic auto outside of the country.

Car Show Coverage – If you are a frequent participant in car shows, this coverage can help in the event that someone is injured by your vehicle while it is at a show or exhibit. 

When Does My Classic Car Need Coverage?

Depending on where you live, you may have to store your classic car during the winter months. Although your vehicle may be stored away for the season, there is always the possibility of an unfortunate event such as fire, theft, or an “act of God” occurring. Taking the insurance coverage off your classic ride can leave you vulnerable, and there is sometimes a misconception that your homeowner’s policy will cover a vehicle stored in your garage. In fact, homeowner’s insurance typically will exclude coverage for motorized vehicles meant for the road. As such, you should consider leaving your automobile insured year-round, even if you only use it for part of the year.

headlights of classic car

How Much is Insurance for a Classic Car?

As with any other insurance policy, there are a variety of factors that insurance companies use to determine insurance costs and rates. The following is a non-exhaustive list of factors that may be taken into consideration when determining insurance costs for your classic car.

  • The make and model of your vehicle. A rarer and more expensive vehicle will typically tend to raise your rates compared to a more common or moderately valued vehicle.
  • The location where you live in will also affect your quote.
  • Where and how much will you be driving? If you only use your classic vehicle occasionally, such as weekends or limited times throughout the year, you may be able to obtain more competitive rates than if you use it as your daily driver.
  • The age, gender, marital status, and education of the driver can also affect your quote.
  • Your personal driving record will also factor into your costs. Having prior tickets, violations or accidents can potentially raise your rates.

Classic Car Insurance Quotes

A classic car requires both time and financial investment, and as a machine that you may have a deep connection to, protecting it with the proper insurance coverages should be important to you. With locations across the Northeast, your local Cross Insurance can help you explore your options when it comes to classic car insurance. To find out more, contact Cross Insurance today.



This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.


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