Updated: March 6, 2025
Advertising & Editorial Disclosure
Hagerty is the best overall classic car insurance provider, 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. 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.
Comprehensive coverage options
No fixed mileage limit
Available in all states
More expensive than other companies
Regular use not allowed
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:
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 |
Offers up to $50,000 coverage for additional classic car
Covers brand-new collector cars
Covers classic cars under restoration
Doesn't cover antique tractors, vintage motorcycles and military cars
Not available in all states
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:
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 be a daily driver. |
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 |
Offers accident prevention course discount
Allows bundling with traditional car insurance
Diminishing deductible available for claim-free drivers
Additional payment for emergency assistance coverage
Additional payment for roadside assistance coverage
Not available in all states
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:
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; just on weekends and holidays 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 |
Coverage for vehicle under construction or restoration
Guaranteed value automatically increases every quarter
Additional coverage for automotive tools
Doesn't cover drivers with serious infractions in the last three years
Classic cars often need significant 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:
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 |
Up to $2,000 in spare parts coverage
Offers coverage for cars under restoration
Available in all states
No online quote tool for classic and collectible car insurance
Regular car use not allowed
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 | Not mentioned |
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 |
Inflation protection automatically adjusts the agreed value limit
Flexible mileage plans
Discounts for high-value cars and multi-vehicle plans
No auto insurance for everyday cars
Low spare parts coverage
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:
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 |
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.
Classic car insurance, designed for vintage and collector vehicles, offers agreed value coverage that protects the car’s worth without factoring in depreciation. These policies often include mileage limits to preserve the car’s condition and require secure storage, like a locked garage.
Since the value of classic cars is calculated differently from standard vehicles, they need specialized coverage. However, not all classic car insurers cover every vehicle type. Some focus solely on antique or classic cars, while others also insure brand-new luxury vehicles. Coverage requirements and payment options, like monthly car insurance, vary by insurer.
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:
Helps reimburse some or all of your medical expenses after an accident
Covers you at the same levels as your minimum coverage if you're in an accident where an uninsured driver is at fault
Covers losses incurred while driving your classic car, including trip interruption and parts coverages
Financially protects the classic car items that stay in your garage
Covers the cost of relocating your classic car during emergencies like hurricanes or wildfires
Allows you to get the full value of your car and still get the salvaged vehicle back in case of a total loss
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.
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.
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.
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.
Find the car insurance provider that fits your personal needs and preferences
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, 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 |
| Classic antique cars |
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To qualify for classic car insurance, you typically need to meet the following requirements:
Classic car insurance is essential for anyone with a classic, collector, or specialty vehicle. 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 unique vehicle.
Get answers to frequently asked questions about car insurance for classic and collector cars, so you can find the best policy for your needs:
This varies depending on the insurer. Generally, a classic car is anywhere between 20 and 40 years old.
Classic car insurance is often cheaper than traditional car insurance because it typically covers vehicles not used daily for tasks like commuting or errands, resulting in lower risk.
Classic car insurance typically covers antique cars at least 25 years old. These policies are generally for cars that aren’t daily drivers, and the owner must have another primary vehicle for regular use, helping to keep insurance costs lower.
Insuring a vehicle under restoration may seem unnecessary, but leaving it uninsured could be financially devastating. Even if the car isn’t driven, it could cause significant damage, such as starting a fire or injuring someone. Many classic car insurance companies offer specialized coverage for restoration projects, including tools, towing and parts protection.
Hagerty is the best classic car insurance provider. However, the best company may differ depending on the driver's profile and needs.
Why Trust MoneyGeek?
We gathered data from Quadrant Information Services and state insurance departments to determine the average cost of a multi-car insurance policy. We also consulted various reputable sources to analyze the pros and cons of getting multi-car insurance versus multiple individual policies.
Study Overview
To accurately calculate the average insurance costs of multiple insurance policies, MoneyGeek gathered and evaluated rates using two sample driver profiles.
Data Sources and Depth
We examined 766,080 quotes across 900 ZIP codes from 16 companies using information from state insurance departments and Quadrant Information Services.
Driver Profile
We calculated our classic car discounts by finding the difference in price for insuring a 1966 Ford Mustang worth $15,000 versus a 1969 Chevrolet Camaro worth $23,000. Our driver profile is for someone with a clean driving record.
Learn more about MoneyGeek's methodology.
About Mark Fitzpatrick
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.
