COLLECTOR CAR INSURANCE
What Is Classic Car Insurance?
Classic car insurance is a specialized policy designed to protect collectible or antique vehicles—usually at least 10 years old—with coverage based on an agreed value rather than depreciated cash value. This includes liability, collision, and comprehensive coverage, often with options for deductible-free repairs (.
How It Works
- You specify information about yourself and your classic vehicle.
- You choose coverages tailored for occasional pleasure driving, shows, and tours.
- Agree on an insurance value documenting the vehicle’s worth.
- Preferred storage and limited usage are typically required .
Policy Requirements & Usage Rules
To qualify:
- The vehicle shouldn’t be used daily.
- Storage in a garage or enclosed space is usually mandatory.
- Drivers must have clean records (no major violations in the past ~3 years).
- Owners must maintain regular auto insurance on another daily driver
Coverage Highlights
- Physical Damage: Collision and comprehensive with agreed-value payout and original parts coverage.
- Liability: Covers bodily injury/property damage to others, often matching your regular policy limits.
- Roadside Assistance: Options include flatbed towing, battery boost, lockout support, etc.
- Extras: Coverage for spare parts, tools, automobilia, construction-period enhancements, and salvage retention after a total loss
What’s Not Covered?
Classic car insurance is strictly for secondary or hobby use—not meant for daily commuting. If it’s your primary vehicle, a regular auto policy is required .
Why It Costs More (or Less)
Premiums are influenced by:
- The vehicle’s age, value, and condition.
- Usage patterns and secure storage.
- The owner’s driving history and mileage.
- Possible discounts for bundling, claims-free history, anti-theft devices, and participation in driving courses .
How to Get a Policy
- Online: Request a quote
- Phone: 502-245-3625
Summary Table
| Feature | Classic Car Insurance | Regular Auto Insurance |
|---|---|---|
| Valuation | Agreed value (protects appreciation) | Actual cash value (depreciates) |
| Usage | Occasional (shows, leisure drives) | Daily driving (commute, errands) |
| Storage Required | Usually a garage; secure storage essential | Not required |
| Parts Coverage | Covers original OEM parts only | Often replaced with aftermarket |
Final Thoughts
Classic car insurance offers collectibles a level of protection regular policies can’t match—covering their true value, original parts, and occasional use. However, it requires restricted use, secure storage, and an additional auto policy for daily needs.
