Auto Insurance
Classic Car Insurance
Specialty auto insurance for collector, antique, and vintage vehicles with agreed-value coverage and mileage restrictions.
Last reviewed: May 2026 · Editorial methodology
Definition
Classic car insurance is a specialty product designed for collector, antique, vintage, and exotic vehicles that appreciate in value rather than depreciate. Policies are typically written on an agreed value basis, eliminating depreciation disputes at total loss. Most programs require the vehicle to be at least 10–25 years old, driven a limited number of miles annually (usually 2,500–7,500 miles), and garaged in a secured structure. Leading providers include Hagerty, Grundy, American Collectors Insurance, and State Farm's collector program. Premiums are often surprisingly low — $200–$700 per year for a vehicle valued at $50,000 — because classic car drivers log very few miles and are statistically low-risk.
Where this term matters
💡 Tip
Related terms
Related guides
Cover Forge USA Editorial Team
Editorial Lead
This article was researched and written by the Cover Forge USA editorial team against federal sources (NAIC, CMS, FEMA, DOL, SSA, state DOIs) and standard policy forms. Bylines organize content by topic — they do not assert individual licensure. See our editorial-policy for details.
Reviewed 2026-06-14
Get Insurance Rate Alerts
We monitor rate filings in all 50 states. Get notified when rates change in your area — and discover new ways to save.
- ✓State-specific rate change alerts
- ✓Seasonal enrollment deadline reminders
- ✓Expert tips to lower your premiums
- ✓New coverage options in your state
Free forever. Unsubscribe with one click. No spam, ever.
Important Disclaimer
This site provides general educational information only and is not a substitute for professional insurance advice. All rates, data, and coverage details are estimates and may not reflect your actual premiums. Insurance availability and pricing vary by state, insurer, and individual risk factors. Always consult a licensed insurance professional in your state before making coverage decisions.