Vintage and collectible cars need to be protected by classic motor insurance. These insurance policies help to keep the car’s agreed value safe, cover spare parts and restoration costs. Below is the explanation about some of the best classic motor insurance companies in 2025.

1. Hagerty

If you’re looking for the best classic motor insurance companies, the answer is Hagerty. It provides extensive coverage for a wide variety of vehicles, such as classic cars, vintage motorcycles, military vehicles, and antique boats.

One of the benefits you can get from Hagerty is its guaranteed value coverage, which reimburses the full insured amount without depreciation in case of total loss. The policy provides $750 coverage for spare parts and restoration, plus an inflation guard to help keep up with increasing values.

Hagerty offers unlimited mileage, which is quite unique for classic car insurers. Unfortunately, it does have a policy that the classic car shouldn’t be used as a regular daily driver. For just about $45 a year, you can enjoy roadside assistance and towing services with the Hagerty Drivers Club.

2. American Collectors

American Collectors provides classic motor insurance with customized coverage options. The coverage including reimbursement for towing and transportation.This can be really helpful if your classic car needs to be moved or repaired.

American Collectors is famous for its friendly customer support and adaptable plans, making it a top choice for classic car enthusiasts seeking personalized protection. The pricing is quite competitive, though it does vary depending on the vehicle and the coverage you choose.

3. Grundy

Grundy covers hotel and repair costs up to $600 if your car breaks down during your trip, plus up to $250 for towing and labor fees. Grundy also offers spare parts inventory coverage of up to $500.

A great advantage is its Motor Vehicle Program, which can cover up to 150% of the insured value if your car’s market value goes beyond the coverage limit. Grundy is a great option for owners of modified or high-value classic cars looking for that extra layer of financial protection.

4. State Farm

State Farm is the next company providing classic motor insurance. It includes liability, comprehensive, and collision coverage, plus up to $500 for spare parts. State Farm requires that classic cars can be used only occasionally and stored in enclosed buildings.

State Farm also partners with Hagerty for its Classic+ coverage, providing additional perks to customers in certain states. Rates begin at just $30 per month, offering a budget-friendly choice for many classic car enthusiasts.

5. GEICO

GEICO provides classic car insurancethrough partnerships with American Modern Insurance Group and Assurant. GEICO offers coverage of up to $500 for spare parts, and you can choose to increase that coverage for an additional premium.

GEICO offers a variety of discounts and competitive pricing, but when it comes to classic cars, it may not be as specialized as companies like Hagerty or American Collectors.
To choose the perfect classic motor insurance, you need to consider several factors. Those factors include comprehensive coverage, restoration protection, great customer service, or affordability. Take the time to carefully compare quotes and explore the benefit each company has to offer.

Source:
1. https://www.cnbc.com/select/best-classic-car-insurance/
2. https://www.forbes.com/advisor/car-insurance/best-classic-car-insurance/