- Insurance Companies That Insure Classic Cars
- Best Classic Car Insurance & Collector Car Insurance Rates
- Classic Car Insurance Coverage For Collectors
- Classic Car Insurance In Spokane, Wa
- Get A Quote For Classic Car Insurance
- Hagerty Teaming Up With State Farm To Create A One Stop Insurance Hub, State Farm Classic+
- Best Classic Car Insurance Companies (2023)
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The best classic and collector auto insurance companies in 2023 are Grundy, Hagerty, American Collectors, American Modern and Heacock Classic Insurance.
Insurance Companies That Insure Classic Cars
Author: Daniel Robinson Author: Daniel Robinson Author Daniel is a lead team writer who has written for numerous automotive news sites and dealerships across the US, USA and Australia, specializing in auto finance and auto maintenance topics. Daniel is the lead group manager for auto insurance, loans, warranty options, and auto services.
Best Classic Car Insurance & Collector Car Insurance Rates
Edited by: Rashawn Michner Managing Editor Rashawn Michner is a leading team editor with over 10 years of experience covering personal finance and insurance topics.
Classic cars require special insurance to ensure you’re protected in the event of a collision, but which classic car insurance company is the best? We’ve applied our industry research to the best car insurance companies on our team of guides to find the most ideal options for classic car insurance.
In this review, we’ll discuss five of the best classic and collector car insurance companies out there and consider each insurer’s industry profile, coverage options, and more.
Types of Car Insurance How Much Car Insurance Do I Need? The best car insurance companies compare car insurance
Classic Car Insurance Coverage For Collectors
The leading team is committed to providing reliable information to help you make the best decision about insuring your car. Because consumers rely on being provided with objective and accurate information, we’ve created a comprehensive rating system to rank the best auto insurance companies. We’ve collected data on dozens of auto insurance providers to rank companies on a variety of factors. After 800 hours of research, the final result is an overall rating for each provider, with the highest-scoring insurance companies at the top of the list.
While classic car insurance policies are often cheaper than standard car insurance, choosing the right underwriter is still an important decision. Whether it’s a vintage Porsche 911, hot rod, or muscle car, it’s a good idea to consider multiple insurance companies for your classic car insurance coverage.
Below we present our top five picks for classic car insurance and collector car insurance. Many of these companies also offer collectibles, antiques, and exotic cars.
Next, we’ll take an in-depth look at each classic car company, detailing its reputation, coverage options, and more.
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Grundy Insurance is a great choice for classic cars on the rise. The auto insurance provider insures 100% of the car’s value within the total loss coverage and allows policyholders to reassess the agreed value of the car as needed.
Grundy boasts an A+ rating from the Better Business Bureau (BBB), which demonstrates the company’s dedication to resolving customer complaints. The insurer offers standard types of auto insurance coverage – bodily injury liability, property damage liability, collision, comprehensive, bodily injury protection, medical expenses and uninsured/underinsured motorist coverage.
Classic Auto Insurer also offers $500 in accessories coverage, $600 in trip interruption coverage, and $250 in towing and labor coverage.
Hagerty Insurance is more than just a classic auto policy. The insurer also offers auto experts to help with any repair or replacement and a leading community for auto enthusiasts. Hagerty insures classic cars from 1979 and older.
Classic Car Insurance In Spokane, Wa
Along with standard models, Hagerty offers parts, travel breaks, tools and roadside assistance. Drivers can opt for the Hagerty Drivers Club, a membership service that offers several car discounts, roadside assistance, car enthusiast events and more.
Hagerty has an A+ rating from the BBB, although it is not accredited. However, the insurer has received support from progressives. Rather than selling its own classic auto insurance, Progressive offers policies through Hagerty. This can provide peace of mind for drivers looking for a company with added financial stability, and is also useful for drivers who want to cover their classic car insurance with other vehicles with an advanced vehicle.
For classic cars, American Collectors Insurance offers value-added coverage, restoration coverage, parts coverage, and auto coverage for newly purchased vehicles.
Car insurance also has a unique protection program for collectors called Towing & Labor (TLC). This multi-tiered plan offers roadside assistance, car show reimbursement, theft bonus, cosmetic damage reimbursement and more depending on the level of coverage purchased.
How To Insure Classic And Collector Cars
American Collectors Insurance is BBB-accredited and has a remarkably high 4.9 star rating on Trustpilot for customer satisfaction.
American Collectors Insurance is sold through USAA, one of the nation’s leading auto insurance companies, and is underwritten by Florida-based American Bankers Insurance Company, American Trust Insurance Company and American Security Insurance Company. Some of these insurance companies have an “A” rating from AM Best, which means they have a strong ability to meet customer claims.
The insurer’s extras include roadside assistance, windshield protection and overseas shipping. American Modern doesn’t have any BBB or Trustpilot ratings, but according to other review sites, its customer experience ratings vary. Although the company is a specialty insurer, it may not be the best choice for customers looking for exceptional customer service.
As with American Collectors, American Modern Insurance is sold through a larger auto insurer – in this case Geico. Geico is respected in the industry with an A++ rating from AM Best. That means you can get quotes for standard and classic car insurance through Geico.
Get A Quote For Classic Car Insurance
Heacock Classic Insurance is a great choice for drivers looking for a five-star customer experience. Although the company is not BBB rated, it holds a 5.0 out of 5.0 rating on Trustpilot. Customers often praise Classic Auto Insurance’s agents and their personalized service.
Heacock was written by American Modern Insurance. As for its coverage options, Heacock offers all the standard coverage options and additional roadside assistance with any auto policy. Spare parts coverage (up to $2,000) and negotiated value coverage are also available.
The insurer does not require any professional appraisal prior to coverage. The agreed value of the car is decided between Heacock and the car owner.
Classic car insurance is not the same as standard car insurance. Collector cars have different values and uses for everyday drivers, so it makes sense that insurance is set up differently. Let’s see what it is and how it works.
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Classic car insurance differs from a standard car policy in several ways. Not only are there certain qualifying claims for classic cars (which we’ll discuss below), but there are also significant differences in how insurance companies pay claims for these cars.
Unlike regular used cars, classic cars depreciate in value over time. To account for this, classic car insurance providers compensate drivers with an agreed upon amount in the event of an auto collision.
Classic car insurance also has annual mileage limits. Since these particular cars are only used for occasional driving or car shows, car insurers can cover the number of miles the car is driven per year. It also means that classic car owners have a separate car for their daily driving.
Most classic and collector car insurance companies cover the cars mileage. This includes the companies listed above. The best companies offer higher mileage or unlimited mileage. But even companies without mileage caps have limits on how often you can drive your collector car.
Best Classic Car Insurance Companies (2023)
When purchasing collector car insurance, choose flexible mileage options whether you drive your classic car every day or on the weekend.
The definition of a classic car varies from company to company and is difficult to define precisely. Most car insurers define a classic car as between 10 and 20 years old, while an antique or vintage car is older. However, some organizations also consider cars that are 25 years old or older to be classics. Other companies may offer vehicle coverage. For example, Hagerty models are 1979 and older.
When it comes to classic car insurance, car age is only one piece of the puzzle. There are a few other factors to consider when covering a proposal. Below, we have listed the most common requirements for classic car insurance coverage:
Many classic car insurance companies can also cover customized cars such as hot rods, replicas, and muscle cars. We recommend that you speak with an agent to see if your specific vehicle qualifies.
Classic Car Insurance Requirements
Many classic car insurance providers offer additional coverage options such as spare parts coverage, travel coverage and coverage during restoration.
There is also an agreed value guarantee. This protection ensures that you receive the agreed value of your classic car regardless of the car’s current market value. Some insurance companies may also offer car coverage, which covers you in the event of a collision while driving to the event.
Classic car insurance premiums are usually much lower than traditional car insurance. Accordingly
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