Having a classic car is more than just taking it for a spin, it’s about cherishing something truly unique. Classic car insurance differs from standard auto insurance because it protects you based on the agreed value of your car, not its depreciated value. In this article, we’ll discuss the best auto insurance for classic vehicles.

American Collectors

The best places to get insurance for classic carsis American Collectors. It provides a variety of mileage plans, featuring an unlimited option as well as lower mileage plans for those who drive their cars just for fun.

This company takes care of race cars while they are being stored and will pay you back if you have to miss a car show because of an accident or breakdown. It also provides disaster relocation coverage and allows alternative storage options, not just locked garages. American Collectors is accessible in every state across the country.

Safeco

The next auto insurance for classic vehiclesis Safeco. Safeco allows up to 10,000 miles per year.Your deductible goes down over time if you don’t have an accident in a certain amount of time.
Safeco provides emergency assistance and personal property protection that you can easily add to your regular auto or home insurance. The important thing is to keep classic cars in a locked garage, and drivers should be at least 25 years old.

Chubb

Chubb is best for people who want repairs done with original parts. If OEM (original equipment manufacturer) parts are not available, Chubb will pay for custom-made ones. They also let you pick your repair shop, even if it’s out of state or overseas.

Chubb provides total loss settlements with no deductible and includes $1,500 for spare parts coverage. Their plans are designed for casual or occasional use, without any strict mileage restrictions.
Hagerty

Hagerty is popular auto insurance for classic vehicleamong classic car owners, especially those restoring their vehicles. The value of the car is automatically increased by 10% every three months, up to $25,000 per year, and coverage is provided while the restoration is underway.

As a seasonal driver, you can enjoy driving for up to five months each year, and getting online quotes easily. Hagerty has partnership with other insurance company such as Nationwide, Allstate, and Progressive to offer some great bundling options. Its coverage for motorsports and evacuation benefits are great for people who own race cars.

Grundy

Grundy provides classic car insurance for vehicles that are over 25 years old, as well as for muscle or exotic cars, no matter their age. You can enjoy unlimited annual mileage, and it also includes trip interruption and roadside assistance coverage.

Not only classic vehicles, Grundy also provides insurance for restoration shops, museums, and classic car dealers. They cover classic boats and umbrella liability in their policies as well. This company is a good choice if you want broad coverage right away.

Choosing the right auto insurance for classic vehicle depends on how often you drive it, where you store it, and how much coverage you want. Those insurance company all have something different to offer. Finding the right insurance company can help you keep your classic car safe for many years to come, whether they offer flexible mileage, help with repairs, or premium protection.

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