Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Written by Chelsey Tucker
Insurance Expert Chelsey Tucker

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com.

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Jun 28, 2022

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The Lowdown

  • Classic car insurance offers agreed value coverage is for the total value of your vintage vehicle
  • Some companies offer plans that increase in value as time goes by to reflect the your classic car’s increased worth
  • While some major insurance companies offer coverage for classic cars, it might be best to consider a provider that specializes in vintage vehicles

From the cars’ sleek curves to their powerhouse engines, many car-enthusiast Americans dream of owning a classic car. Vintage cars call us back to a bygone era and invoke a deep sense of nostalgia. From truly classic cars of almost a century ago to modern vehicles, owning one of these rides can be an exhilarating experience.

One thing that potential classic car owners often forget is insurance. Classic cars represent an investment. Unlike the average new car, classic cars tend to increase in value as years go on. You’ll need an auto insurance policy that can protect that investment.

Whether you have one or plan to purchase a vintage or classis car in your near future, you can find classic car insurance companies and quotes to meet your needs. If you’re ready to see what rates might look like for you, enter your ZIP code into our free tool.

The Best Classic Car Insurance Companies

The first thing to consider when it comes to insurance is the type of car and what you use it for. For example, if you’re part of the classic car show circuit, you won’t need the same coverage as a person who uses their car as their everyday ride.

You should also consider the company you want to buy from. Classic car insurance is regarded as a type of specialty insurance. Most of the largest companies offer classic coverage. Additionally, several providers are dedicated to covering vintage cars.

The company that will work best for you depends on what you use your car for and how much coverage you want to buy. You should browse our list of classic car insurance companies to get started.

Grundy Classic Car Insurance

Grundy Insurance was founded to provide coverage for vintage cars and is an excellent choice for owners who regularly drive their cars. Every company defines the age of a classic car differently – Grundy offers coverage for vehicles more than 25 years old.

While Grundy has multiple insurance plans, the best option for classic cars is the “Olde Original” policy, which includes:

  • No deductibles. In most states, you can skip the deductible on your policy.
  • Uninsured/underinsured motorist. Liability coverage is legally required in most states, but that doesn’t mean everyone has it. This protects your car from drivers with inadequate insurance.
  • Liability. This coverage pays for damages you cause to cars and property.
  • Collision coverage. Regardless of who’s at fault, collision helps pay for repairs to your car after an accident.
  • Comprehensive coverage. Comprehensive covers damage from sources other than accidents, including weather, fire, floods, or vandalism.
  • Agreed value guaranteed. Grundy will evaluate your vehicle and determine its value. If your car is totaled, Grundy will reimburse you its total value.
  • Personal injury protection. While collision protects your car, personal injury protection will help pay your medical bills if you’re injured in an accident.
  • Trip interruption. Grundy will pay up to $600 a day for meals and lodging if your car needs overnight repairs when you’re on a trip.
  • Inflation guard. Most classic cars go up in value the older they are. This feature increases the value of your policy to match your vehicle.
  • Towing and labor. Grundy covers $250 worth of towing and labor costs after an accident.

Grundy doesn’t advertise discounts, but this company does have a reputation for some of the most affordable classic car insurance on the market.

You don’t have to have a classic car to be a Grundy customer. Grundy offers regular car, collection, and boat insurance as well.

Hagerty Classic Car Insurance

Founded in 1984, Hagerty specializes only in classic and vintage cars. Hagerty covers cars used for pleasure drives, club functions, tours, and exhibitions.

Through Hagerty, you can purchase the following coverage:

  • Flexible usage. Hagerty doesn’t limit how many miles you can drive during pleasure cruises. However, this doesn’t apply to daily use.
  • Hagerty Plus. This upgrade to regular insurance includes roadside assistance. You can use this for tire changes, dead batteries, fuel deliveries, and if you lock yourself out of your car.
  • Guaranteed value. If you purchase this extra coverage, Hagerty will reimburse the full value of your vehicle if it is declared a total loss.
  • Instant new car coverage. Any new vehicle that you purchase will be covered by your policy for 30 days.
  • Car show reimbursement. If you or a family member are injured during an auto show, Hagerty will cover up to $10,000 for your medical bills.

Hagerty is more particular than most other insurance companies about whom it will cover. You won’t be eligible for a policy if you have excessive speeding tickets, DUIs, or reckless driving incidents.

Safeco Classic Car Insurance

Safeco defines a classic car as any vehicle ten years or older. That gives you a lot more room to get a classic car policy than many other insurance companies. Safeco doesn’t care so much about the car’s age as they do about the car’s value.

You can purchase the basic Safeco insurance plan, but they also offer the following add-ons:

  • Agreed value coverage. Your Safeco agent will determine a value for your car when you start the policy, and you’re guaranteed to receive that much back if your vehicle is totaled.
  • Limited use. This is for drivers that put less than 5,000 miles on their car in a year. Your classic car insurance rates will be lower if you don’t drive your vehicle often.
  • Diminishing deductible. Every year you remain claim free, Safeco will reduce your deductible by $100, up to $500.
  • Roadside assistance. As the name implies, you will be covered if you’re ever stranded on the side of the road and need help.
  • Emergency assistance. In addition to roadside assistance, you can have your taxi fare and lodging costs reimbursed when you’re stranded.
  • Personal property. Safeco will reimburse you for the actual cash value of any belongings lost in a covered accident.

Like Hagerty, Safeco won’t insure high-risk drivers. However, customers do enjoy their online services and an easy-to-use mobile app.

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Do you need classic car insurance?

Classic cars are both an investment and a fun hobby. While it might be tempting to get regular insurance on your vintage vehicle, you should consider buying classic car insurance.

Classic cars appreciate in value as they age, unlike most vehicles used every day. Your insurance policy should reflect your vintage car’s value. The most crucial aspect of a classic car insurance policy is the agreed value guarantee.

Agreed value is the amount your insurance company determines as your vehicle’s unique worth. With regular insurance, the coverage your vehicle would receive would be determined by the cost of similar models and the price of repairs.

When you have a policy specifically designed to protect your classic car, the total value of your vehicle will be reimbursed to you if it’s ever totaled.

Find the Right Classic Car Insurance Today

Whether you’re a classic car enthusiast or you bought your first vintage vehicle, classic car insurance will protect your investment for as long as you own it. From car shows to pleasure rides, the right policy will help you enjoy your car for years to come.

If you’re looking for affordable classic car insurance companies to protect your vehicle, you should shop around for quotes. If you want to see what quotes might look like for you, enter your ZIP code into our free tool today.