Best Classic and Collector Car Insurance

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

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.

Review the sections below for guidance on selecting the right policy. This will help you balance coverage and cost to fit your situation.

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 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. These coverage options help you select the right financial protection for your investment.

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

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.

Note: The rates above are only for popular classics — the 1966 Mustang and 1969 Camaro. Get personalized quotes for accurate estimates.

The best car insurance for classic cars varies based on 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.

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.

Classic car insurance has strict qualification rules:

• Daily driving is prohibited completely.
• Vehicle age must hit 25+ years, though some insurers accept 20+ years.
• Enclosed garage storage is mandatory. Street parking disqualifies you.
• Racing is banned and insurers deny claims for damage occurring during races.
• Your driving record needs to be spotless: zero accidents or violations for three years.
• Every licensed household member must have their own insured daily driver.
• Drivers must be 25+ years old with 10+ years behind the wheel.
• Keep the vehicle running with current registration and inspection.
• Approved uses include driving it to car shows, parades, club events and exhibitions.

Expect annual mileage caps between 1,000 to 5,000 miles. You'll prove secure storage and document vehicle condition and value. High-value vehicles need professional appraisals.

Your vehicle's age and rarity determine classic car eligibility. The industry norm sits at 25+ years for classic status. Some insurers drop the threshold to 20 years for specific makes and models. Newer classics aged 20 to 24 years get covered now, with 1990s sports cars, limited-edition trucks, discontinued luxury models gaining value.

Pre-1980 vehicles earn the best rates and terms because drivers log fewer miles and maintain them more carefully. And rare vehicles from any era qualify regardless of age: modern supercars, special editions, proven collector cars all count.

Classic car insurance extends far beyond vintage automobiles. Specialty vehicles with collector value get coverage standard auto policies won't touch.

Specialty Vehicles

• Antique tractors and farm equipment: Restored tractors, vintage equipment and historic machinery get specialized coverage for parades, exhibitions and demonstrations. Some insurers cover agricultural shows and antique tractor pulls.
• Military vehicles: Restored jeeps and trucks get covered for shows, parades and recreation only. Commercial use is banned. Special permits or registration documentation required by some insurers.
• Classic motorcycles: Vintage bikes, custom choppers and collector motorcycles qualify with the same storage and usage rules as classic cars. Agreed-value settlements available.

Restoration and Modified Vehicles

• Vehicles under active restoration: Specialized coverage available, but limited to fire, theft and vandalism until you finish restoration. Some policies increase coverage as you invest more.
• Kit cars and replicas: Cobra replicas and vintage race car reproductions qualify once completed and registered. Build quality and component documentation required.
• Custom and modified vehicles: Modified classics, hot rods and custom builds get agreed-value coverage. Document everything with detailed photos, receipts and professional installation proof.

Race Cars and Track Vehicles

• Trailer queens: Display-only race cars qualify for basic coverage. Trailer transport is mandatory. Static exhibition only (track driving is banned).
• Track day considerations: Racing and track use are excluded from classic car policies. Separate track day policies available from some insurers. Confirm coverage before competitive driving events.

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.

Classic car insurance covers the specific needs of vintage, 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.

Here are answers to frequently asked questions about car insurance for classic and collector cars:

Classic car owners face insurance obstacles daily drivers never encounter. Most log under 5,000 miles annually, some barely 1,000. Storage rules ban street parking completely. Agreed value calculations replace standard depreciation tables. Commuting gets forbidden. Regular auto insurance treats these factors as edge cases, but for classic car owners they determine coverage availability and cost entirely. We built our research around what vintage vehicle enthusiasts actually face.

We pulled 766,080 quotes from 16 insurers across 900 ZIP codes using state insurance department data and Quadrant Information Services. Generic vehicle profiles miss the point entirely. We picked two popular classics representing different value tiers and restoration costs.

Our test vehicles: A 1966 Ford Mustang worth $15,000 and a 1969 Chevrolet Camaro worth $23,000. That $8,000 value gap reveals how agreed value drives premiums directly. Lower-value classics cost less to insure. Higher-value classics cost more. The math is straightforward but the consequences are real.

Clean driving records matter intensely here. Our sample driver has zero accidents and zero violations. Classic car insurers reject applicants with blemished records because these vehicles represent massive financial and emotional stakes. One accident on your record and coverage becomes nearly impossible to obtain.

We calculated discounts by comparing classic car policy costs against standard auto insurance for identical vehicles. The savings stem from limited mileage caps and careful driving patterns typical among collector car owners who baby their investments.

Why our approach works: Classic car insurance operates on fundamentally different principles than daily driver coverage. Insurers weigh agreed value, annual mileage caps and enclosed storage requirements heavily. Standard auto policies ignore these factors completely, yet they determine what you pay and what protection you receive for classic vehicles.

Learn more about MoneyGeek's methodology.