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Buy classic car insurance with SelectQuote and protect what matters to you.
Whether you own a 1950s cruiser or a muscle car from the '70s, classic car insurance keeps your investment safe. When you find coverage through SelectQuote, you can drive with confidence, knowing your piece of history is well-protected.
Classic Cars
In the world of automotive enthusiasts, classic cars hold a special place. These vintage beauties are more than just vehicles; they're rolling pieces of history, embodying the artistry and engineering of bygone eras. However, with great value comes great responsibility, and that's where classic car insurance enters the picture. Unlike standard auto policies, classic car insurance is tailored to meet the unique needs of vintage vehicle owners.At SelectQuote, we understand that protecting your automotive treasure is essential. That’s why we offer the added benefit of bundling your classic car insurance with other policies, such as auto or home insurance, to maximize your savings and simplify your coverage. Experience peace of mind knowing your automotive legacy is secure with us.What is classic car insurance?
Classic car insurance is a specialized type of coverage designed specifically for vintage, collectible, and classic vehicles. Unlike standard auto insurance policies that primarily cater to everyday vehicles, classic car insurance recognizes the unique value and requirements of older cars, which often have significant sentimental and financial worth.One of the key features of classic car insurance is the "agreed value" policy. This means that you and your insurer agree on the car’s value at the time of coverage, ensuring that you receive that amount in the event of a total loss. This is crucial for classic cars, as their value can appreciate over time due to rarity, condition, and demand, unlike typical vehicles that depreciate.Coverage typically extends beyond the vehicle itself. Many policies include protection for spare parts, accessories, and even coverage for events and shows, allowing owners to participate in gatherings without worrying about their investment.How much does classic car insurance cost?
Classic car insurance can often be more affordable than standard auto insurance, primarily because classic cars are typically driven less frequently and are usually kept in better condition. Insurers recognize that these vehicles have lower risks associated with accidents and wear and tear, leading to potentially lower premiums. However, it’s essential to note that prices can vary significantly based on factors such as:- Usage: Limited mileage plans are common for classic cars, often resulting in lower premiums. The less you drive, the less you typically pay.
- Storage: Secure, covered storage can lead to reduced rates, as it minimizes the risk of damage or theft.
- Driver's History: A clean driving record can significantly lower your premiums.
- Car's Age and Condition: Older, well-maintained vehicles may qualify for lower rates due to their established value and careful ownership.
- Customization: Modifications can increase the car's value and, consequently, the insurance cost.
- Coverage Type: Comprehensive coverage will cost more than basic liability protection.
What does classic car insurance cover?
While standard insurance is designed for the everyday use of modern cars, classic car insurance is tailored for vintage and collectible vehicles. One of the key features is agreed value coverage, which allows you to establish the car’s value with your insurer at the policy’s inception. Comprehensive and collision coverage are also essential components of classic car insurance. These options protect your vehicle from damage due to accidents, theft, vandalism, or natural disasters, ensuring that any necessary repairs or replacements are covered. Another important aspect of classic car insurance is coverage for spare parts and accessories. Many policies include protection for valuable spare parts and aftermarket accessories, safeguarding your investments beyond just the vehicle itself. Additionally, event and show coverage provides protection when your car is on display at shows, rallies, or exhibitions, ensuring you’re covered in case of accidents or damage. Many classic car insurance policies also offer roadside assistance, which can be particularly beneficial for vintage vehicles that may be more prone to mechanical issues.Covered by Classic Car Insurance | Not Covered by Classic Car Insurance |
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Covered by Classic Car Insurance
- Liability coverage
- Agreed-value coverage
- Roadside assistance
- Spare-parts coverage
- Inflation guard
Not Covered by Classic Car Insurance
- Wear and tear
- Mechanical breakdowns
- Improper storage or neglect
- Racing or competitive driving
- Damage from floods
Classic Car Insurance FAQ
Here are some frequently asked questions about classic car insurance:How do I purchase classic car insurance?
To find the policy that’s right for your vehicle, you’ll want to start by researching insurers specializing in classic car coverage, as they offer policies designed specifically for collectible automobiles. While this may seem overwhelming, partnering with an insurance brokerage like SelectQuote can help streamline the process. With nearly 40 years of industry experience, our licensed insurance agents can help you find the customized coverage you need. Here’s how to prepare to buy a classic car insurance policy:
- Gather essential information about your vehicle, including its make, model, year, condition, and any modifications. Many insurers will require recent photos and documentation of the car's value.
- Be prepared to discuss your usage patterns, storage arrangements, and security measures.
- Remember to inquire about multi-car discounts if you're insuring multiple classics or bundling with your regular auto insurance.
What damage isn’t covered?
While classic car insurance offers comprehensive coverage for your prized vintage vehicle, it's crucial to understand that certain types of damage may be excluded from your policy. Typically, wear and tear is not covered, as insurers expect owners to maintain their vehicles meticulously. This exclusion often extends to mechanical breakdowns, which are considered part of routine maintenance rather than unexpected incidents.Damage resulting from improper storage or neglect is usually excluded. If your classic car suffers deterioration due to exposure to the elements or lack of proper care, you may find yourself without coverage. Additionally, most policies won't cover modifications made without prior approval from the insurer, as these can affect the car's value and safety.Racing or competitive driving events are generally excluded from standard classic car policies. If you plan to participate in such activities, you'll need specialized coverage. Damage caused by insects, rodents, or other pests is often not covered, nor is damage from floods in high-risk areas without specific flood insurance.
Shop for classic car insurance and save with SelectQuote.
Protecting your cherished classic car doesn't have to break the bank. With SelectQuote, you can find the right balance between comprehensive coverage and affordability. Our team of experienced licensed insurance agents understands the unique needs of classic car owners and will help you compare unbiased quotes from several of the most highly trusted carriers in the nation. You can drive with confidence knowing your classic car is protected by a policy that respects its value and your wallet. Take the first step towards peace of mind and potential savings today.We do the shopping. You do the saving.
