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Antique Auto Insurance Classic Car

Collector Car Insurance

A collector car’s age, rarity, value, unique features, limited use, availability of parts and services, and popularity across generations make it more desirable than a “daily use” auto.

One of the most inclusive classic auto and collector car insurance policies in the industry

  • muscle cars
  • classic cars
  • antiques
  • exotics
  • street rods
  • customs
  • kit cars
  • Cobra replicas
  • race cars
  • trucks
  • motorcycles
  • military vehicles
  • tractors
  • fire engines
  • restorations in process

Collector car insurance is all about the “agreed value”

We only offer an agreed value total loss settlement. Before the policy activates, you as the car’s owner, the agent, and our underwriters agree on the car’s value and insure it for that amount. In the event of a total loss, that agreed upon value is the payout amount. The deductible of course applies, but there is no depreciation and no misunderstanding.

Some other specialty auto policies, and a typical daily-use auto policy, offer stated value coverage. It’s not the same. In fact, it is really just actual cash value coverage with a maximum limit – the stated value – and the carrier pays the vehicle’s market value which it determines after the loss. If the market value has dropped since the policy was purchased, then that lower dollar amount is the payout.

Coverage highlights

  • Agreed value loss settlement
  • Broad usage allowance
  • Mileage plans include unlimited miles
  • Date and specific time of the loss
  • Deductible options from $0 to $10,000
  • Flexible payment options

Quick Links

  • Get a quote
    • Call us: 866-880-8651
    • Fill out a quote form
  • Find an agent
    • If you want to find an agent now, or have questions, call us at 866-884-6167. Our hours are 8 a.m. to 8 p.m. Monday through Friday.
  • Current customers
    • Make a payment
    • Go to Online Services
    • Manage your account
    • Call us: 800-543-2644

Learn More

American Modern is rebuilding a 1965 Chevy Malibu SS. Take a look at the project.

Collector car owners spend a lot of time keeping them in the best possible condition. Repairs need to be done right. Here are five recommendations when evaluating a shop.

A good insurance carrier will not tell you what shop to use for a claim repair. It’s up to you. But when making a decision the key is matching the car with a shop that has specific expertise with the make and model.

  • Ask around at a car show or collector club. Word of mouth is a pretty reliable method to find a knowledgeable mechanic and experienced shop.
  • Make sure the shop knows the make and model of your car. If a shop doesn’t have any cars like it in the garage, they’re probably not for you.
  • Ask for references. Good shops are proud of their work and keep records of satisfied customers. They will be happy to share.
  • Look at cars they are working on now. If you see shoddy repair, stay away.
  • Your car is older, so don’t worry about seeing shop equipment that is not state-of-the-art. Some of the best shops have top quality equipment that is 50 to 60 years old.

How to Find the Best Classic Car Insurance

Whether a classic car is parked in the garage undergoing painstaking restoration or dazzling crowds as a show beauty, it’s more than a vehicle. It’s a treasure. And an ordinary car insurance policy doesn’t suffice.

To protect your unique set of wheels, you need classic car insurance, which is designed to meet the special needs of car hobbyists and collectors.

In this article:

A variety of specialty companies and big-name auto insurers offer classic car insurance. Here are the best in a variety of categories.

Best for unusual vehicles of any age: Grundy Worldwide

A division of Philadelphia Insurance Co., Grundy Worldwide offers coverage for a wide range of classic and collector vehicles — fire engines, horseless carriages, steam automobiles, street rods, exotic cars and vintage motorcycles, among others. The company has no model-year restrictions, although vehicles must meet value and other criteria. Pickup trucks manufactured after 1964, for instance, must be worth at least $10,000.

Best for regular use of a classic car: Safeco

Most classic car insurance companies restrict coverage to pleasure use, such as Sunday afternoon drives and trips to car shows. Safeco offers regular-use coverage as an option for classic car insurance, with an annual limit of 10,000 miles. That’s more than double the mileage allowed on its restricted-use policy.

Best for street rod enthusiasts: American National

If you’re a member of the National Street Rod Association, you may qualify for a 10% discount on classic car insurance with American National, the association’s official product sponsor. The insurance company also offers a hefty collector’s discount. The more classic vehicles you insure with the company, the greater the discount you get — up to 85%.

Best for financial strength: State Farm

If you want a big company that’s been around a long time, State Farm is worth a look. The insurer earns the highest financial strength ratings from independent rating firms: an A++ from A.M. Best and an AA from Standard & Poor’s. State Farm, which has provided auto insurance since 1922, offers coverage for classic and antique cars that have already been restored.

Best for classic cars undergoing restoration: Hagerty

Some classic car insurance providers cover only vehicles that have already been restored. Hagerty sells insurance for a wide range of classic vehicles, including those undergoing restoration. When you purchase the company’s “vehicle under construction” option, the insured value of your car automatically increases 10% per quarter so your coverage keeps up with the restoration work. The option also includes $750 of coverage for automotive tools and access to classic and collectible vehicle towing specialists to help get your car to and from the shop. Hagerty’s coverage is underwritten by other insurers.

Best for spare parts coverage: American Modern Insurance Group

Anybody who has tinkered with cars knows how expensive auto parts can be, especially for collectible vehicles. Some other companies provide coverage for spare parts, but American Modern’s policies are especially generous. They include $2,000 of coverage for lost or stolen spare parts. You can increase the limit by paying a higher premium.

Best for comprehensive emergency expenses coverage: American Collectors Insurance

American Collectors Insurance offers a “TLC Plan” that covers a wide range of emergency expenses on the road. All three plan levels — silver, gold and platinum — cover common services such as towing, roadside assistance and locksmith help. But the gold and platinum plans add some notable extras. If your vehicle is stolen, for instance, the insurer will offer a cash reward for information leading to its return — $2,500 if you have the gold plan, $5,000 if you selected the platinum plan. Those plans also will reimburse some nonrefundable car show and hotel fees if you miss a car show because of an accident or mechanical breakdown. If things really go awry on the road, the platinum plan even provides $5,000 of coverage for bail bond.

How to Find the Best Classic Car Insurance

Whether a classic car is parked in the garage undergoing painstaking restoration or dazzling crowds as a show beauty, it’s more than a vehicle. It’s a treasure. And an ordinary car insurance policy doesn’t suffice.

To protect your unique set of wheels, you need classic car insurance, which is designed to meet the special needs of car hobbyists and collectors.

In this article:

A variety of specialty companies and big-name auto insurers offer classic car insurance. Here are the best in a variety of categories.

Best for unusual vehicles of any age: Grundy Worldwide

A division of Philadelphia Insurance Co., Grundy Worldwide offers coverage for a wide range of classic and collector vehicles — fire engines, horseless carriages, steam automobiles, street rods, exotic cars and vintage motorcycles, among others. The company has no model-year restrictions, although vehicles must meet value and other criteria. Pickup trucks manufactured after 1964, for instance, must be worth at least $10,000.

Best for regular use of a classic car: Safeco

Most classic car insurance companies restrict coverage to pleasure use, such as Sunday afternoon drives and trips to car shows. Safeco offers regular-use coverage as an option for classic car insurance, with an annual limit of 10,000 miles. That’s more than double the mileage allowed on its restricted-use policy.

Best for street rod enthusiasts: American National

If you’re a member of the National Street Rod Association, you may qualify for a 10% discount on classic car insurance with American National, the association’s official product sponsor. The insurance company also offers a hefty collector’s discount. The more classic vehicles you insure with the company, the greater the discount you get — up to 85%.

Best for financial strength: State Farm

If you want a big company that’s been around a long time, State Farm is worth a look. The insurer earns the highest financial strength ratings from independent rating firms: an A++ from A.M. Best and an AA from Standard & Poor’s. State Farm, which has provided auto insurance since 1922, offers coverage for classic and antique cars that have already been restored.

Best for classic cars undergoing restoration: Hagerty

Some classic car insurance providers cover only vehicles that have already been restored. Hagerty sells insurance for a wide range of classic vehicles, including those undergoing restoration. When you purchase the company’s “vehicle under construction” option, the insured value of your car automatically increases 10% per quarter so your coverage keeps up with the restoration work. The option also includes $750 of coverage for automotive tools and access to classic and collectible vehicle towing specialists to help get your car to and from the shop. Hagerty’s coverage is underwritten by other insurers.

Best for spare parts coverage: American Modern Insurance Group

Anybody who has tinkered with cars knows how expensive auto parts can be, especially for collectible vehicles. Some other companies provide coverage for spare parts, but American Modern’s policies are especially generous. They include $2,000 of coverage for lost or stolen spare parts. You can increase the limit by paying a higher premium.

Best for comprehensive emergency expenses coverage: American Collectors Insurance

American Collectors Insurance offers a “TLC Plan” that covers a wide range of emergency expenses on the road. All three plan levels — silver, gold and platinum — cover common services such as towing, roadside assistance and locksmith help. But the gold and platinum plans add some notable extras. If your vehicle is stolen, for instance, the insurer will offer a cash reward for information leading to its return — $2,500 if you have the gold plan, $5,000 if you selected the platinum plan. Those plans also will reimburse some nonrefundable car show and hotel fees if you miss a car show because of an accident or mechanical breakdown. If things really go awry on the road, the platinum plan even provides $5,000 of coverage for bail bond.

Insuring your classic car

Unique vehicles require special auto coverage

Auto Insurance

IN THIS ARTICLE

A classic, custom, collectible or antique car requires insurance that reflects your vehicle’s uniqueness and value. If you own—or are thinking of owning—a special set of wheels, find out about the kind of policy you need.

What types of vehicles need special insurance?

A classic, collectible or antique car is no ordinary car—and regular auto insurance is not sufficient to protect such a vehicle against damage or loss.

That said, there is no uniform definition of a classic car. If a car’s value exceeds its original selling price, then it might be considered collectible and a candidate for specialized classic car insurance. In general, vehicles that might warrant classic car auto insurance include:

  • Antique and classic cars, usually at least 25 to 30 years old
  • Hotrods and modified vehicles
  • Exotic and luxury autos—think James Bond
  • Muscle cars
  • Classic trucks

You might also seek specialized insurance for vintage military vehicles, classic motorcycles and antique tractors.

Qualifying for classic car coverage

A car’s age is not enough to qualify for specialized classic car insurance. While requirements differ from company to company, most cars need to meet the following criteria in order to qualify:

  • Limited use – Your classic car cannot be used for everyday commuting or errands, and your policy may include mileage limitations and proof the car is being properly garaged if you do travel with it. In some cases, insurers may require that you also own a primary car for everyday use.
  • Car shows and meetings – The limited use provision of a classic car policy allows for travel to car shows and auto club meet-ups; however, this coverage may be restricted by some insurers. If this is the case, there are insurers that can provide specialized coverage for car shows and meetings. Before choosing a classic car insurer, it’s worth checking whether they have travel restrictions if you plan to take your car on regular, multi-day, high mileage drives.
  • Secure storage – When not in use, your special vehicle must be stored in a locked, enclosed, private structure, such as a residential garage or storage unit.
  • A clean driving record – You may be disqualified from classic auto insurance if you have serious offenses on your driving record, such as reckless driving, repeat speeding violations or driving while intoxicated.

Not every vehicle, however special, will meet the qualifications of every insurer. For instance, some insurers may not cover vintage off-road vehicles. Insurers may also decline to insure vehicles that are in poor condition or have been previously damaged.

What you should know about classic car policies

Your classic car policy will include provisions found in standard auto insurance policies, notably property damage and bodily injury liability coverage. But there are some differences, as well:

  • Your car’s value – Because each car’s condition is unique, there is no set “book value” for specific makes and models. The first step in insuring your classic car is for you and your insurer to reach an agreement on the value of the vehicle. This value will be specified in your policy and your car will be covered up to that value without depreciation.

Note that, unlike everyday vehicles that depreciate over time as you add miles to them, classic cars may gain value. Make sure you adjust your coverage as the value of your auto appreciates.

  • Specialized repair or restoration – Your policy should you the flexibility to bring your vintage Mercedes, Ferrari or Corvette to a specialist—even if the rates may be twice, or three times, the cost of a typical car repair at a traditional auto body shop.
  • Special towing and spare parts – Coverage for towing is commensurate with the special demands of transporting a classic car. Spare parts coverage, too, needs to be aligned with the cost of replacing valuable and perhaps hard-to-find vehicle components, such as wheels, transmissions, and engine parts.

Opting for a motorcycle, instead? Read about motorcycle insurance.

Collector & Classic Car Insurance Quotes

You know what’s best for your classic car under the hood – but what about the best classic car insurance? Nationwide has you covered with collector car insurance designed for the unique needs of classic car collectors.

Features of Nationwide classic car policies


Guaranteed Value TM Coverage

Our policy guarantees your car’s value, with no depreciation. 1


Lower Premiums

Classic Car Insurance is up to 43% lower than standard insurance 2 – so you can protect your investment for less.


Flexible Usage

Nationwide’s classic car insurance allows limited pleasure use with no fixed mileage limits.

Access to the Experienced Claims Team at Hagerty

The in-house claims team at Hagerty is trained in the art of classic vehicle repairs. When you insure your classic car with Nationwide, you get access to Hagerty’s claims service.

Repair Shop of Choice

When it comes to repairing and maintaining your collector car, it’s worth it to be choosy. With Nationwide collector car insurance, you decide who should do the work.

Nationwide’s classic car insurance and classic truck insurance covers a wide range of collector vehicles:

  • Antique and classic cars
  • Muscle cars
  • Classic trucks and utility vehicles
  • 1980 or newer collector cars
  • Collector motorcycles and scooters
  • Modified vehicles – like hot rods, tuners and lowriders
  • Antique tractors
  • Vintage race cars
  • Motorsports Protection
  • Classic military vehicles
  • Kits and replicas
  • Retired commercial vehicles
  • Vehicles under construction
  • Collector trailer

Does your vehicle qualify for classic car insurance?

To qualify for collector car insurance you must meet the following requirements:

Usage: Our policy allows you to use your collector vehicle for club functions, exhibitions, organized meets, tours and even occasional pleasure driving. As long as it’s not your daily driver, it qualifies for classic car insurance.

Storage: To qualify for classic car insurance, vintage vehicles generally must be stored in a private, enclosed, secure structure when not in use. Appropriate storage examples include:

  • Private residential garages
  • Private pole buildings or barns
  • Rental storage units

Regular-use vehicles: All household members with a valid driver’s license must have a regular-use vehicle for daily driving to qualify for classic car insurance. Motorcycles and public transportation are not considered regular-use vehicles by our program in most cases.

Classic truck coverage: Collector trucks can also be covered by classic car insurance. We understand that you might have different uses in mind for a truck, which is why we offer specialized collector car insurance coverages. Talk to your agent about how hauling and towing can be considered on a limited basis under a classic car policy.

If you’re vehicle doesn’t qualify for classic car insurance, find an auto policy that better suits your needs.

Available classic car insurance coverages

Collision: Although classic cars aren’t for daily use, accidents can still happen. Whether it’s a collision with another vehicle or another object, your classic car policy may reimburse you for the damages.

Theft: In the unfortunate event that your classic car is stolen, Nationwide collector car insurance can cover you for the full amount specified on your policy.

Other Damage: Unexpected damage such as fire and vandalism may be covered under your vintage car insurance policy as well.

Additional classic car coverages and benefits: You can also get specialized coverage for automobilia, automotive tools, spare parts ($750 included at no charge, $0 deductible), Vehicle Under Construction endorsement, Traveling Collector endorsement and Hagerty Plus®

Get a classic car insurance quote today

Make sure your vintage vehicle gets the protection it deserves with Nationwide classic car insurance. Click here to get a quote online or call 1-888-891-0265 for a quote and all your classic car insurance needs.

Vehicles depicted are the property of actual customers. Any third-party trademarks or brands are the property of their respective owners. Their inclusion here is provided for informational purposes only, and does not constitute an endorsement of any third party by Nationwide. Nor does it imply, directly or indirectly, any sponsorship or affiliation between Nationwide and such third parties.

[1] With our $0 deductible option, if you decide not to keep your vehicle after a covered total loss, you will receive a check for the vehicle’s insured amount. Guaranteed Value includes taxes and fees unless prohibited by state law.

[2] Figure based upon 2017 consumer data collected by Hagerty on single quotes, with premiums $5,000 and under, from several daily driver auto insurance carriers.

Hagerty and Guaranteed Value are trademarks of The Hagerty Group, LLC.

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