If you’re the lucky owner of a classic car, you understand its value goes beyond the metal—it’s a symbol of history, craftsmanship, and sometimes, nostalgia. Whether you’ve invested in a classic for the love of vintage design or as a long-term asset, making sure it’s properly insured is essential.
Classic Car Insurance – The Basics
Classic car insurance is different from a standard auto insurance policy. It’s designed specifically for vehicles that aren’t used as daily drivers. Insurers will typically ask how often you drive the vehicle and how many miles you plan to put on it each year. Because these cars are driven less frequently and often stored in garages, they generally qualify for lower premiums.
However, if you intend to use your classic car for everyday transportation, a traditional auto insurance policy may be a better fit. In most cases, classic car policies are limited to occasional use only.
Classic Car Insurance – The Coverage
The most significant difference between classic and standard car insurance is Agreed Value coverage. This means you and the insurer agree on the value of the vehicle upfront. For example, if you insure a 1965 Mustang for $25,000, that’s the amount you’d receive in the event of a covered total loss—based on its condition, upgrades, and restoration work. Not all classics are valued the same, so each policy is customized to reflect the true worth of your car.
What Cars Qualify as “Classics”?
The definition of a classic car is constantly evolving. While the traditional rule has been 20 years or older, some newer, limited-edition models may also qualify. From “Day One Editions” to rare production runs, many vehicles outside the classic mold can still meet insurance criteria. Your agent can help you determine if your vehicle qualifies.
How Much Is Classic Car Insurance?
Good news—classic car insurance is often more affordable than standard auto coverage. Because these vehicles aren’t driven daily and are usually stored securely, insurers view them as lower risk. That means better rates for you, without compromising on protection.
Is Your Classic Properly Covered?
Your classic car deserves coverage that matches its value and uniqueness. Contact us today to speak with our experienced insurance agents. At G&G Independent Insurance, we’ll help you explore your options, find potential savings, and ensure your classic has the protection it needs—so you can enjoy the ride, worry-free.
