Leif Olson, Car Insurance Writer
@leif_olson_1
The best way to insure a classic car is to tailor your insurance coverage to fit your specific vehicle and driving habits. Classic car insurance comes in many varieties, offering customized coverage options and perks like spare-parts coverage, inflation guard, and agreed-value policies. Furthermore, classic car insurance providers often have specific requirements for things like how often you drive a classic vehicle and where you store it.
Best Classic Car Insurance
Provider | Best For |
Best for Automobile Enthusiasts | |
Best from a Standard Insurer | |
Best for a Frequently-Used Car | |
Best for a Race Car | |
Best for Add-On Options |
To get the best classic car insurance for your situation, you should get quotes from multiple insurers and be on the lookout for discounts. You should also consider the various perks that often come with classic car insurance plans.
Common Classic Car Insurance Perks
- Garage discount: Storing your vehicle in a locked garage lowers the chances it will be damaged or stolen and can lower your premiums. Some insurers may even require you to store your classic car in a garage to qualify for coverage.
- Agreed value: The amount of coverage you get is based on the agreed-to value of your car.
- Spare parts coverage: Protects you from theft of or damage to replacement parts up to a given dollar limit.
- Inflation guard: Your car’s protection limits automatically increase as the value of your car increases.
- No annual mileage limits: This rare perk allows you to drive your classic car for as many miles as you would like in a year without penalty. However, you cannot use the car for commutes or errands.
Ultimately, the best way to insure a classic car is to get a classic car policy that covers your specific needs. Different insurers offer benefits and discounts that depend heavily on what you will be using your classic car for.
To learn more, check out WalletHub’s guide to the best classic car insurance.
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