Best Classic and Collector Car Insurance


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Key Takeaways

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Hagerty is the best classic car insurance provider overall, but depending on your needs, Leland-West, Safeco, American Modern, or American Collectors may be a better fit.

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The cost of classic car insurance depends on various factors, including the vehicle type. For popular classics, Leland-West has the most affordable rates.

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To qualify for classic car insurance, you must meet certain requirements, such as being at least 25 years old and having a daily-use vehicle with insurance.

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Who Has the Best Classic Car Insurance?

Overall, Hagerty is the best car insurance company for classic and collector cars. Although it has a higher average rate than other companies, it offers a balance of service quality and value for money.

Classic and collector cars often increase in value over time, making the right insurance crucial to protect your investment. Here are the top providers for various needs and situations.

Best Classic Car Insurance Company: Hagerty

Company logo for Hagerty
Best Classic Car Insurance CompanyHagerty

Overview

Hagerty’s broad coverage options span classic cars, trucks, vintage motorcycles, boats and historic military vehicles. Its guaranteed value coverage ensures full reimbursement with no depreciation, and its roadside assistance includes specialized services like flatbed towing and soft straps. 

Since classic cars are rarely driven, Hagerty charges up to 27% less than standard policies. It also has no fixed mileage limit, letting owners enjoy their vehicles without restrictions.

Vehicles covered:

  • Classic antique cars
  • Exotic and special edition
  • Antique tractors
  • Modified, replica and rods
  • Military
  • Vintage motorcycles
  • Kits
  • Sport
  • Classic antique trucks

Hagerty Classic Car Insurance Coverage

Coverage Option
Description

Vehicle age

Any, if your car is in very good or better condition and holds a minimum value of $3,500

Annual mileage limit

No fixed limit

Regular use allowed?

No. You must also have a daily driver and separate insurance for your car.

Best Classic Car Insurance for Multiple Vehicles: Leland-West

Company logo for Leland-West
Leland-West

Overview

Leland-West is the best insurance option for people who own more than one classic car. It offers up to $50,000 in coverage for any eligible classic car you purchase, in addition to the exotic or classic car already insured.

The company also covers several newer collector items, including exotic cars like Ferraris and Porsches and luxury vehicles like Aston Martins and Rolls-Royces. Drivers seeking comprehensive collector car insurance should consider Leland-West.

Vehicles covered:

  • Classic antique cars
  • Exotic and special edition
  • Modified, replica and rods
  • Kits
  • Sport
  • Classic antique trucks

Leland-West Classic Car Insurance Coverage

Coverage Option
Description

Vehicle age

Not specified. Any car considered a collectible.

Annual mileage limit

Unlimited. If you don't need it, you may have lower rates.

Regular use allowed?

No. You can't use it for daily driving.

Best Classic Car Insurance for Everyday Driving: Safeco

Company logo for Safeco
Safeco

Overview

Safeco is the best insurance option for classic cars used for everyday purposes. It provides policies for classic cars driven up to 10,000 miles annually, which is uncommon among insurers.

Safeco also offers lower auto insurance rates for those driving their classic cars less than 5,000 miles annually. Drivers can combine daily-use vehicles and classic cars on the same policy, simplifying coverage for varying usage needs.

Vehicles covered:

  • Classic antique cars
  • Exotic and special edition
  • Modified, replica and rods
  • Kits

Safeco Classic Car Insurance Coverage

Coverage Option
Description

Vehicle age

25+ years old for antiques; 10+ years for classics; no minimum for limited production.

Annual mileage limit

A regular policy is 10,000 miles per year. You can keep your price down by driving less than 5,000 miles per year.

Regular use allowed?

Yes, up to 10,000 miles per year

Best Classic Car Restoration Insurance: Hagerty

Company logo for Hagerty
Hagerty

Overview

Classic cars often need extensive restoration, and Hagerty is an excellent choice for insuring vehicles under restoration. It offers unique benefits like 10% value increases per quarter, $750 tool coverage and a toll-free number for towing to and from the shop. 

This coverage isn’t limited to professional restorations. Project cars also qualify if you provide photos and documentation showing active restoration efforts.

Vehicles covered:

  • Classic antique cars
  • Exotic and special edition
  • Antique tractors
  • Modified, replica and rods
  • Military
  • Vintage motorcycles
  • Kits
  • Sport
  • Classic antique trucks

Hagerty Classic Car Insurance Coverage

Coverage Option
Description

Vehicle age

Any, if your car is in very good or better condition and holds a minimum value of $3,500.

Annual mileage limit

No fixed limit

Regular use allowed?

No. You must also have a daily driver and separate insurance for your car.

Best Classic Car Insurance for Spare Parts Coverage: American Modern

Company logo for American Modern
American Modern

Overview

American Modern provides up to $2,000 in coverage for spare parts, with the option to purchase additional coverage if needed. It also covers restorations in progress, including damage caused by or to spare parts used during the restoration process.

Vehicles covered:

  • Classic antique cars
  • Exotic and special edition
  • Antique tractors
  • Modified, replica and rods
  • Military
  • Vintage motorcycles
  • Kits
  • Sport
  • Classic antique trucks

American Modern Classic Car Insurance Coverage

Coverage Option
Description

Vehicle age

Not specified. It depends on the type of car.

Annual mileage limit

1,000, 3,000, 6,000 or unlimited miles

Regular use allowed?

No

Best Classic Car Insurance for Inflation Protection: American Collectors

Company logo for American Collectors
American Collectors

Overview

American Collectors offers the best inflation protection, with an inflation guard of up to 6%, compared to the standard 4% most classic car insurers offer.

It also provides free perks like basic towing, choosing your repair shop and automatic coverage for new vehicles during the policy term. Qualified drivers may receive discounts for multi-vehicle plans, high-value vehicles, garage security and mature drivers.

Vehicles covered:

  • Classic antique cars
  • Exotic and special edition
  • Antique tractors
  • Modified, replica and rods
  • Military
  • Vintage motorcycles
  • Kits
  • Classic antique trucks

American Collectors Classic Car Insurance Coverage

Coverage Option
Description

Vehicle age

Any, if the car has collector merit

Annual mileage limit

2,500, 5,000 and 7,500 miles per year mileage tiers

Regular use allowed?

No. Your car can't be used for daily commuting. The amount of use depends on the mileage tier.

Classic and Collector Car Insurance: Buying Guide

To find the best classic and collector car insurance, review the sections below for guidance on selecting the right policy. This will help you balance coverage and cost to fit your situation.

How Does Classic Car Insurance Work?

Classic car insurance works differently from regular auto coverage because your vintage ride has different needs. While your daily driver loses value over time, your classic car likely appreciates. Classic car insurance uses agreed-value coverage, where you and the insurer set the car’s value in advance. If the car is totaled or stolen, you receive that full agreed amount.

These policies include mileage limits to help protect the vehicle’s condition and often require secure storage, such as a locked garage. Coverage varies by insurer. Some limit eligibility to antique or classic cars, while others also insure newer luxury models. Coverage requirements and payment options, such as monthly car insurance, vary by insurer.

Classic Car Insurance Coverage Types

Classic car insurance provides specialized financial protection tailored to collector vehicles, going beyond standard auto coverage to address specific needs like agreed value settlements, spare parts protection and specialized repair requirements. Understanding these coverage options helps you select the right financial protection for your investment.

Essential Coverage Components
    carInsurance icon

    Comprehensive Coverage

    Protects against non-collision damage, including theft, vandalism, fire, flood, hail and falling objects. Comprehensive coverage matters for classic cars because they face higher risks of theft and may be stored in places exposed to weather-related damage. Unlike standard auto insurance, classic car policies settle claims based on an agreed value instead of actual cash value.

    carAccident icon

    Collision Coverage

    Covers damage from accidents regardless of fault, including collisions with other vehicles, objects or rollovers. Classic car collision coverage often includes provisions for using original equipment manufacturer parts or period-correct reproductions to maintain authenticity during repairs.

    injury icon

    Liability Coverage

    Required in most states, this covers bodily injury and property damage you cause to others. While similar to standard auto liability, classic car policies may offer higher limits since owners tend to have more assets to protect and face greater exposure in lawsuits.

Specialized Classic Car Coverage Options

Classic car insurance typically includes comprehensive and collision coverage, with options for liability, roadside assistance and other add-ons. While a basic policy covers liability, comprehensive and collision, some owners may choose higher-level policies for enhanced protection, such as:

    hospital icon

    Medical payment coverage

    Helps reimburse some or all of your medical expenses after an accident, regardless of fault. This coverage is particularly valuable for classic cars since older vehicles may lack modern safety features, potentially increasing injury severity in accidents.

    uninsured icon

    Uninsured/underinsured motorist coverage

    Covers you at the same levels as your minimum coverage if you're in an accident where an uninsured driver is at fault. This additional financial protection is beneficial for classic car owners since repair costs often exceed what uninsured drivers can afford to pay out of pocket.

    travel icon

    Traveling collector coverage

    Covers losses incurred while driving your classic car to shows, events, or rallies, including trip interruption expenses, lodging costs, and transportation back home. This coverage recognizes that classic cars are often driven long distances for special events and may need additional protection during travel.

    car icon

    Spare parts coverage

    Financially protects classic car parts, tools, and memorabilia stored in your garage, workshop, or storage facility. This coverage extends beyond your vehicle to protect your investment in restoration parts, rare components, and specialized tools that may be difficult or expensive to replace.

    hurricane icon

    Evacuation expense coverage

    Covers the cost of relocating your classic car during emergencies like hurricanes, wildfires, or floods. This coverage includes professional transportation to a safe location and temporary storage costs until you can retrieve your vehicle.

    carAccident icon

    Cherished salvage coverage

    Allows you to receive the full agreed value of your car and still retain the salvaged vehicle in case of a total loss. This unique coverage is valuable when owners want to rebuild or use their vehicle for parts, even after receiving a total loss settlement.

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MONEYGEEK EXPERT TIP

Classic car insurance is usually required for reasons similar to traditional car insurance. Minimum coverage is needed to cover damage you may cause while driving, while lenders often require comprehensive and collision coverages to protect the vehicle until the loan is paid off.

How Much Does Classic Car Insurance Cost?

Rates can differ by hundreds of dollars annually between companies, even for the same make and model. Selecting affordable car insurance can save you thousands over time.

Average Classic Car Insurance Costs

Leland-West offers the lowest average rates, charging $152 per year for a 1966 Ford Mustang and $198 for a 1969 Chevrolet Camaro. The chart below highlights how premiums can vary between companies.

Company
66 Mustang ($15K Value)
69 Camaro ($23K Value)

American Collectors

$201

$244

American Modern

$190

$278

Grundy

$284

$305

Hagerty

$284

$376

Leland-West

$152

$198

Safeco

$707

$863

*Note: The rates above are only for popular classics — the ‘66 Mustang and ’69 Camaro. Get personalized quotes for accurate estimates.

Compare Classic Car Insurance Quotes

The best car insurance for classic cars may vary due to differences in driver profile and coverage needs. Getting personalized quotes from multiple providers can help you accurately estimate costs and compare offers to find the best plan for you and your family. Enter some basic information below to get started.

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Rates updated:

Jul 09, 2025

Insurance Carrier
MoneyGeek Score
Average Monthly
Payment
1
Capital Insurance Group

Capital Insurance Group

94
/of 100
$87
2
GEICO

GEICO

82
/of 100
$109
3
83
/of 100
$118
4
83
/of 100
$129
5
79
/of 100
$133
6
77
/of 100
$151
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Classic Car Insurance Coverage: Other Companies to Consider

Classic car insurance providers, like standard insurers, offer unique products with varying services, prices and requirements. The table below compares coverage options and features from different classic and collector car insurance companies.

Coverage Options
American Family
American National
Condon Skelly
Farmers
Grundy
Heacock
J.C. Taylor
State Farm

Vehicle age

20+ years

Not mentioned

Depends on type of car

Not mentioned

25+ years;
any age for muscle cars and exotics

Any, if the car meets the
Collector Car Lifestyle requirement

19+ years

10+ years (classic);
25+ years (antique)

Annual mileage limit

None

Contact American National directly for the amount

Unlimited mileage
(depends on policy)

Not mentioned

No limit

Up to 6,000 miles per year

None, but J.C. Taylor underwrites only 2,500 miles per year

Limited use

Regular use allowed?

Not as a daily commuter vehicle

Not mentioned

Not as a daily commuter vehicle

Not mentioned

Not as a daily commuter vehicle

No

Only occasional. The car can't be used for commuting.

No

Spare parts coverage

Not mentioned

Up to $1,000

Available

Up to $750

$500

$2,000

Not mentioned

$500

Restoration coverage

Not mentioned

Not mentioned

Yes

Not mentioned

Not mentioned

Yes

Not mentioned

Yes

Inflation guard

Not mentioned

Not mentioned

Not mentioned

Not mentioned

4% currently

Not mentioned

Not mentioned

Not mentioned

Bundling discount

Not mentioned

Yes

Not mentioned

Yes

Yes

Yes

Not mentioned

Not mentioned

Enclosed storage required?

Not mentioned

Not mentioned

Yes

Not mentioned

Yes

Yes

Yes

Yes

When Does a Car Become a Classic for Insurance?

To qualify for classic car insurance, you may need to meet the following requirements:

  • Your classic car can't be your daily-use vehicle.
  • Your classic car must be defined as a classic car (e.g., 25 years or older, etc.).
  • Classic cars must be stored securely in an enclosed garage or other indoor location.
  • Racing isn't allowed, and claims may be denied if it's discovered that damage was done to an insured car while racing.
  • Drivers must have a clean driving record, with no accidents or violations within three years.
  • All household members with a valid driver’s license must have their own daily-use vehicle with active insurance separate from the classic car.
  • In most cases, the driver must be at least 25 years old with a minimum of 10 years of driving experience.
  • Vehicles must be maintained in good working condition with current registration and inspection, where required.
  • Approved uses often only include car shows, parades, club events, exhibitions and occasional pleasure driving.

Most insurers require annual mileage limits (commonly 1,000-5,000 miles), proof of secure storage and documentation of the vehicle's condition and value. Some companies may require professional appraisals for high-value vehicles.

Classic Car Insurance Age Categories and Qualification Thresholds

Understanding age thresholds and qualification criteria helps determine when your vehicle qualifies for classic car or specialized collector coverage.

  • 25+ Year Standard: Most insurers consider vehicles 25 years or older as classic cars, though some companies lower this threshold to 20 years for certain makes and models. This remains the industry standard for determining classic status.
  • 20-24 Year Vehicles: Many insurers now cover newer classics, particularly performance cars, luxury vehicles, or models with proven collector interest. Examples include 1990s sports cars, limited-edition trucks, or discontinued luxury models that show appreciation potential.
  • Antique Classification (45+ Years): Pre-1980 vehicles often receive the most favorable rates and coverage terms, as they're driven less frequently and maintained more carefully than newer classics.
  • Limited Production Exception: Limited-production vehicles from any time period may qualify for classic coverage, even if they aren’t old. This includes modern supercars, special-edition models and cars with proven collector interest.

Classic and Collector Car Insurance Coverage: Other Vehicles Covered

Classic car insurance also applies to a wide range of specialty vehicles with collector value or special coverage needs. These policies help protect automotive investments that fall outside the scope of standard auto insurance.

Specialty Vehicles

  • Antique Tractors and Farm Equipment: Restored tractors, vintage farm equipment and historic machinery can qualify for specialized classic vehicle coverage. Policies may include protection for use in parades, exhibitions and demonstration events, with some insurers offering endorsements for agricultural shows and antique tractor pulls.
  • Military Vehicles: Restored military jeeps, trucks, and other former military vehicles receive coverage when used for shows, parades, or recreational purposes. Coverage often excludes commercial use, and some insurers require special permits or registration documentation.
  • Classic Motorcycles: Vintage motorcycles, custom choppers, and collector bikes qualify for classic vehicle coverage with similar storage and usage restrictions as classic cars. Many insurers offer specialized motorcycle classic coverage with agreed-value settlements.

Restoration and Modified Vehicles

  • Vehicles Under Active Restoration: Most insurers offer specialized coverage for cars being restored, though coverage may be limited to fire, theft, and vandalism until restoration is complete. Some policies provide "work in progress" coverage that increases as you invest more in the restoration process.
  • Kit Cars and Replicas: Factory-built kit cars and professionally constructed replicas (like Cobra replicas or vintage race car reproductions) qualify for classic coverage once completed and registered. Documentation of build quality and components is often required.
  • Custom and Modified Vehicles: Extensively modified classics, hot rods, and custom builds receive coverage based on their agreed value. Modifications must be documented and professionally completed, with many insurers requiring detailed photographs and receipts for custom work.

Race Cars and Track Vehicles

  • Trailer Queens: Race cars used only for display and not driven on the track may qualify for basic classic car coverage. These vehicles must be transported by trailer and used strictly for static exhibition.
  • Track Day Considerations: Most classic car policies exclude coverage for racing or track use. However, some insurers offer separate track day policies or endorsements for organized events. It's important to confirm coverage before joining any competitive driving activity.

How to File a Classic Car Insurance Claim

Filing a claim under classic car insurance follows a different process than standard auto policies. Knowing each step helps secure the right payout while preserving the vehicle’s condition and collector value.

  1. 1

    Immediate Notification

    If there are any incidents, no matter how minor the damage, report to your insurer within 24 to 48 hours. Many insurers have a dedicated claims team familiar with classic and collector cars. 

    Take clear photos of the specific damage and the surrounding area from different angles. This can help support your claim.

  2. 2

    Specialized Adjuster Assignment

    The insurer assigns an adjuster who works specifically with collector vehicles. This adjuster understands vintage parts sourcing, restoration expenses, and market trends, allowing for a more accurate evaluation than standard auto claims handling.

  3. 3

    Documentation Gathering

    Submit detailed records such as purchase receipts, restoration work, maintenance history, and recent photos. A complete file that includes appraisals, documentation of modifications, and parts receipts helps move the claim forward more efficiently.

  4. 4

    Damage Assessment and Repair Authorization

    The adjuster will evaluate damage and provide repair authorization, often working with approved restoration shops in the insurer's network. These specialists understand proper restoration techniques and authentic parts sourcing to maintain your vehicle's collector value.

  5. 5

    Parts Sourcing and Repair Process

    When original parts aren't available, insurers work with specialized vendors, reproduction manufacturers, or custom fabrication shops. Some policies include coverage for upgraded parts when originals are unavailable, though coverage varies by insurer and policy terms.

  6. 6

    Settlement Process

    For agreed value policies, total loss claims pay the full agreed value amount minus deductible, with no depreciation calculations. Partial losses cover restoration costs up to the agreed value, with claims becoming total losses if repair costs exceed the agreed amount.

Most classic car insurers offer 24/7 claims reporting and same-day adjuster assignment, though settlement times may be longer than standard claims due to specialized parts sourcing and restoration requirements. The specialized nature of classic car repairs often requires additional time for proper completion.

Best Classic Car Insurance: Bottom Line

Classic car insurance provides coverage tailored to the needs of classic, collector, and specialty vehicles. It accounts for factors that standard auto policies often overlook. MoneyGeek identified the top companies for classic car insurance, with Hagerty as the overall best choice. However, the ideal provider depends on your needs and circumstances. Request a personalized quote to ensure the best coverage and rates for your vehicle.

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Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

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Insurance for Classic Cars: FAQ

Get answers to frequently asked questions about car insurance for classic and collector cars so that you can find the best policy for your needs:

What year does a car become a classic for insurance?

Is classic car insurance cheaper?

How does classic car insurance work?

What's the difference between agreed value and actual cash value coverage?

Can I insure a modified or restored classic car?

How many miles can I drive with classic car insurance?

Can I drive my classic car to work?

What happens if I exceed my mileage limit?

Do I need classic car insurance on a car undergoing restoration?

What storage requirements do insurers have?

Does classic car insurance cover spare parts?

How are classic car insurance claims handled?

What factors affect classic car insurance rates?

What's the best classic car insurance company?

Best Auto Insurance for Classic Cars: Methodology

Finding the right insurance for your classic car isn't like shopping for regular auto coverage. You need specialized protection that understands your vehicle's value and usage patterns. Most classic car owners drive their vehicles sparingly and need coverage that reflects actual cash value versus replacement cost. That's why we designed our research specifically for vintage vehicle enthusiasts.

Our Research Approach

We gathered 766,080 quotes from 16 insurance companies across 900 ZIP codes using data from state insurance departments and Quadrant Information Services. Rather than using generic vehicle profiles, we focused on two popular classic models that represent different value ranges and restoration costs.

Sample Vehicle Profiles

Our analysis compared insurance costs for two distinct classic cars:

  • 1966 Ford Mustang valued at $15,000
  • 1969 Chevrolet Camaro valued at $23,00 

This comparison shows how differences in agreed value affect premium costs. An $8,000 gap between vehicle values highlights how pricing can shift based on the car’s insured worth. 

Driver Profile Details

The sample driver has a clean record. Classic car insurers heavily weigh driving history since these vehicles often represent significant investments and emotional value.

Coverage Calculations

We calculated classic car discounts by comparing the price difference between insuring these vintage vehicles versus standard auto policies. This approach shows the actual savings available through specialized classic car coverage, which offers lower rates due to limited mileage and careful driving patterns.

Why This Methodology Matters

Classic car insurance requires different underwriting approaches than daily drivers. Our research captures how insurers evaluate agreed value, limited mileage, and storage requirements. These factors don't apply to regular auto policies but impact your premium costs and coverage options. 

Learn more about MoneyGeek's methodology.

Best Insurance for Classic Cars: Related Pages

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.


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