Yes, Grundy offers classic car insurance. Classic car insurance from Grundy is a specialty type of coverage designed for vehicles like classics and antiques, typically at least 25 years old, that are not used for daily driving or commuting.
Because classic cars are on the road less than normal vehicles, classic car insurance is cheaper than typical policies, costing an average of $400 to $1,000 per year depending on the vehicle. Grundy states their policies can cost more than 50% less than normal car insurance.
Grundy Classic Car Insurance Eligibility Requirements
Most types of vehicles over 25 years old may be eligible for coverage.
All vehicles must be kept in an enclosed, secure garage when not in use.
There is no mileage limit, but insured vehicles cannot be used for daily driving and commuting.
All drivers on the policy must be at least 25 years old with a clean driving record that has no DUIs and no more than two moving violations in the past 5 years.
All drivers in the household must have a modern car for everyday use.
Types of Vehicles Eligible for Grundy Classic Car Insurance
Exotics of any age
Vehicles with upgraded high-performance engines, suspensions, or body modifications (subject to approval)
Vehicles that are used as a back-up vehicle or for daily use are generally not eligible for car insurance from Grundy due to how they are used or because they have an increased risk associated with them.
A car has to be more than 10 years old to qualify for classic insurance, though exact requirements vary by insurer. In some cases, insurers offer classic car insurance to newer vehicles if they have some amount of collectable value.
Age Requirements for Classic Car Insurance by Company
It’s important to note that age is not the only factor that qualifies a car for classic coverage. For example, State Farm offers classic car insurance to vehicles as young as 10 years old, but the car must be of historic interest, which typically means that it is owned for the main purpose of exhibition and historic vehicle club activities. Additionally, it’s very common for insurers to place strict mileage caps on a classic vehicle, meaning that it can’t be used for everyday driving.
Yes, State Farm does have classic car insurance for 10-25+ year-old vehicles that have been restored or maintained in their original condition, or are being rebuilt. State Farm’s classic car insurance is generally reserved for vehicles that are widely recognizable and have “historic interest,” like a hot rod or a muscle car. More specifically, State Farm not only offers insurance for classic cars, defined as vehicles that are 10-24 years old and of historic interest, but it also insures antique cars, defined as vehicles that are at least 25 years old with the same historic interest standard.… read full answer
Unique insurance is necessary for antique and classic cars because they often appreciate in value, unlike new vehicles, which depreciate in value as soon as you drive off the lot. Classic car insurance provides coverage that’s better tailored to the more expensive or specific needs of qualifying vehicles in case of damage or loss. Also, since classic and antique cars don’t have a “book value,” State Farm and a customer must agree on a value for the vehicle based on a variety of factors like its age, what kind of car it is, and its condition.
State Farm Classic Car Insurance Requirements
The vehicle must be stored in an enclosed building.
The vehicle can be driven no more than 2,500 miles per year.
The vehicle should only be used for things like shows, exhibitions, club activities or parades.
Drivers must have access to other vehicles for everyday use.
Drivers must meet qualifications based on age and driving record.
Remember, the availability and rules regarding State Farm’s classic car insurance depend on a customer's state and a variety of other factors. It’s best to talk to your local State Farm agent about whether or not classic car insurance makes sense for your policy.
Yes, Geico offers classic car insurance through a partnership with Assurant for vintage cars, new exotic and replica cars, and classic military or similar vehicles. Unlike a normal car insurance policy, Geico classic car coverage is designed for vehicles that do not lose value over time.
Geico classic car insurance uses an agreed value system, which means that the car will be valued at a specific amount when you buy the policy. The amount will be determined by appraisal documents and photos of the car that you provide.… read full answer
Geico Classic Car Insurance Vehicle Requirements
Vintage 1995 model year or older
A new exotic car, such as an Aston Martin, Lotus, or Alfa Romeo, among others
A new replica car, like a 1966 Batmobile
A classic military vehicle, hearse, fire truck, or similar
Used only for exhibitions, club activities, and occasional pleasure driving
Stored in a fully enclosed and locked structure
Every company has slightly different eligibility rules for classic car insurance, so you can always check with another insurer if your vehicle does not qualify for a Geico policy. Requirements may also vary by state.
For more information about Geico classic car insurance or to get a quote, call (866) 344-2527.
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