Insurance for Antique and Classic Cars 

Antique and classic car insurance is tailored to vehicles typically 20 years old or older and maintained in good condition. These cars are often used sparingly for exhibitions, parades or weekend drives. Because they are not daily drivers, insurers treat them differently from standard vehicles.

One key difference is how the vehicle’s value is determined. Instead of using actual cash value, which factors in depreciation, many policies for antique and classic cars use agreed value. This means the insurer and the owner agree on the car’s worth when the policy is written. If a covered incident occurs, the payout is based on that agreed amount, subject to policy terms.

Mileage limits are another feature of these policies. Since classic cars are not typically used for commuting or errands, insurers may set annual mileage caps. Staying within these limits helps maintain eligibility for specialized coverage and may contribute to lower premiums.

Storage requirements may also apply. Insurers often ask that the vehicle be kept in a secure, enclosed space when not in use. This helps reduce the risk of damage or theft and supports the car’s overall condition.

Coverage Options to Consider

Antique and classic car insurance can include many of the same components as a standard auto policy, such as liability, collision and comprehensive coverage. However, the terms and conditions are often adjusted to reflect the unique nature of the vehicle.

Some policies offer coverage for spare parts, restoration work or tools used to maintain the car. Others may include roadside assistance tailored to vintage vehicles, requiring specialized towing or service.

If you transport your car to shows or events, coverage for trailers or transport-related risks may be available. You can also explore options for temporary coverage if the vehicle is undergoing restoration and not currently drivable.

Learn More

Contact Williams Finance and Insurance to discuss coverage options for your antique or classic car and find a policy that aligns with your vehicle’s needs.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.