Updated: April 7, 2026
Advertising & Editorial Disclosure
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.
The cost of classic car insurance depends on various factors, including the vehicle type. For popular classics, Leland-West has the most affordable rates.
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.
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, so the right insurance helps protect your investment. Here are the top providers for various needs and situations.
Hagerty’s broad coverage options span classic cars, trucks, vintage motorcycles, boats and historic military vehicles. Its guaranteed value coverage pays the full insured amount 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, allowing owners to enjoy their vehicles without restrictions.
Vehicles covered:
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. |
Spare parts coverage | $750 |
Restoration coverage | Yes |
Inflation guard | Yes |
Bundling discount | Not mentioned |
Enclosed storage required? | Preferred but not necessary |
Agreed value? | Yes |
$0 deductible option available? | Yes |
Discounts | Not mentioned |
Roadside assistance/towing | Yes. Available for purchase. It may be $45 per year with the Hagerty Drivers Club. |
Trip interruption | Not mentioned |
Pets | Not mentioned |
New purchase coverage | Yes, 30 days up to $50,000 |
Leland-West is the best insurance option for owners of multiple classic cars. It offers up to $50,000 in coverage for any eligible classic car you purchase and 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. Collectors wanting comprehensive coverage should consider Leland-West.
Vehicles covered:
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. |
Spare parts coverage | $2,000 |
Restoration coverage | Yes |
Inflation guard | Yes |
Bundling discount | Yes |
Enclosed storage required? | Yes. Your car must be stored in a locked garage. |
Agreed value? | Yes |
Discounts | Not mentioned |
Roadside assistance/towing | Yes |
Trip interruption | Yes, $600 |
Pets | Yes, $750 |
New purchase coverage | Yes, up to $50,000 |
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 drivers who use their classic cars less than 5,000 miles annually. You can combine daily-use vehicles and classic cars on the same policy, simplifying coverage for different usage needs.
Vehicles covered:
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 |
Spare parts coverage | Yes. Optional personal property coverage covers parts and tools if stolen from inside your car. |
Restoration coverage | Not mentioned |
Inflation guard | Not mentioned |
Bundling discount | Yes |
Enclosed storage required? | Yes |
Agreed value? | Yes |
Discounts | Take an accident prevention course; deter thieves with anti-theft devices discount; weekend and holiday use discount; winter storage discount |
Roadside assistance/towing | Yes, available for purchase |
Trip interruption | Yes, available for purchase |
Pets | Yes, available for purchase |
New purchase coverage | Not mentioned |
Classic cars often need extensive restoration, and Hagerty excels at 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:
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. |
Spare parts coverage | $750 |
Restoration coverage | Yes |
Inflation guard | Yes |
Bundling discount | Not mentioned |
Enclosed storage required? | Preferred but not necessary |
Agreed value? | Yes |
$0 deductible option available? | Yes |
Discounts | Not mentioned |
Roadside assistance/towing | Yes, available for purchase. It may be $45 per year with the Hagerty Drivers Club. |
Trip interruption | Not mentioned |
Pets | Not mentioned |
New purchase coverage | Yes, 30 days up to $50,000 |
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:
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 |
Spare parts coverage | $2,000 |
Restoration coverage | Yes. It requires underwriting approval. |
Inflation guard | Not mentioned |
Bundling discount | Not mentioned |
Enclosed storage required? | Yes |
Agreed value? | Yes, no depreciation |
Discounts | Collections valued over $150,000; security features and fire resistance of the storage building(s); car club membership; anti-theft devices and taking an accident prevention course |
Roadside assistance/towing | Yes, up to $75 per tow |
Trip interruption | Yes, up to $150 per day |
Pets | Yes, up to $750 |
New purchase coverage | Yes, up to $50,000 |
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, repair shop choice 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:
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. |
Spare parts coverage | $500 |
Restoration coverage | Yes. It requires underwriting approval. |
Inflation guard | Up to 6% |
Bundling discount | Yes |
Agreed value? | Yes |
Discounts | Classic car insurance often includes discounts for safety features, mature drivers, garage security, multi-vehicle policies and collections valued at over $250,000. For custom cars, discounts are available for modified vehicles valued at $40,000 or more. The high-value vehicle program offers coverage and discounts for cars worth over $150,000 or collections exceeding $250,000. |
Roadside assistance/towing | Yes |
Trip interruption | Yes, available for purchase |
Pets | Yes, available for purchase |
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. This table 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 1966 Mustang and 1969 Camaro. Get personalized quotes for accurate estimates.
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 storage in 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 choose the right financial protection for your investment.
Protects against non-collision damage, including theft, vandalism, fire, flood, hail and falling objects. Comprehensive coverage matters for classic cars because they carry higher theft risk and may be stored in areas exposed to weather-related damage. Unlike standard auto insurance, classic car policies settle claims based on an agreed value instead of actual cash value.
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.
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 often have more assets to protect and greater exposure in lawsuits.
Classic car insurance 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 choose higher-level policies for enhanced protection.
Helps reimburse some or all of your medical expenses after an accident, regardless of fault. This coverage is valuable for classic cars since older vehicles may lack modern safety features, which can increase injury severity in accidents.
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.
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.
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.
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.
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.
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.
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.
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Rates updated:
Apr 19, 2026
| Insurance Carrier | MoneyGeek ScoreMG Score | Average Monthly Payment | |
|---|---|---|---|
| 1 |  Capital Insurance Group | 94 /of 100 | $87 |
| 2 |  GEICO | 82 /of 100 | $109 |
| 3 |  State Farm | 83 /of 100 | $118 |
| 4 |  Travelers | 83 /of 100 | $129 |
| 5 |  Progressive | 79 /of 100 | $133 |
| 6 |  Farmers | 77 /of 100 | $151 |
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Classic car insurance providers, like standard insurers, offer unique products with varying services, prices and requirements. This table 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, if the car meets the | 19+ years | 10+ years (classic); |
Annual mileage limit | None | Contact American National directly for the amount | Unlimited mileage | 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 |
Agreed value? | Not mentioned | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Discounts | Not mentioned | Fresh start and collector's discounts | Not mentioned | Not mentioned | Not mentioned | Multi-vehicle discount | Not mentioned | Not mentioned |
Roadside assistance / towing | Not mentioned | Yes | Yes | Not mentioned | Can be reimbursed up to $250 | Yes, complimentary | Yes | Yes |
Trip interruption | Not mentioned | Not mentioned | Yes | Yes | Up to $600 | Not mentioned | Not mentioned | Not mentioned |
Pets | Not mentioned | Not mentioned | Not mentioned | Not mentioned | Yes | Not mentioned | Not mentioned | Not mentioned |
New purchase coverage | Not mentioned | Not mentioned | Not mentioned | Not mentioned | Yes | Up to $50,000 | Not mentioned | Not mentioned |
Cars covered |
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Classic car insurance covers vintage, collector and specialty vehicles with features standard auto policies often miss. It factors in how these cars are used, stored and valued. MoneyGeek names Hagerty as the top overall pick for classic car insurance, but the right provider still depends on your situation. Get a personalized quote to find the coverage and rates that fit your vehicle.
Here are answers to frequently asked questions about car insurance for classic and collector cars:
Agreed value coverage pays a predetermined amount you and your insurer agree upon when purchasing the policy, while actual cash value pays the depreciated market value at the time of loss. Agreed value is preferred for classic cars since it protects against depreciation and ensures you receive the full insured amount.
Annual mileage caps run 1,000 to 5,000 miles, with most policies setting the limit at 2,500 miles. Some insurers offer flexible mileage programs or unlimited miles for extra premium.
Classic car insurance policies exclude commuting and regular transportation use. You can drive to car shows, parades, club events, exhibitions and occasional pleasure trips, but not for everyday travel.
Exceeding your mileage limit voids coverage or requires policy modifications. Some insurers sell additional mileage packages. Others convert you to regular auto insurance with higher premiums.
Skipping insurance during restoration sounds smart but creates financial risk. Undriven cars start fires and injure people. Many classic car insurers cover restoration projects including tools, towing and parts.
Enclosed garage, carport or locked facility required when parked. Street parking or open driveways disqualify you from coverage. Some insurers require proof through photos or inspection reports.
Specialized adjusters handle classic car claims. These experts know vintage parts availability, restoration costs and market values. Claims route through approved restoration shops using specialized parts sourcing.
Classic car owners pay for coverage that standard auto policies weren't built to provide. Most log under 5,000 miles annually, some barely 1,000. Regular auto insurance treats the following 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 deal with.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
