Unlike standard auto policies, classic car insurance is specially designed to meet the unique needs of these vehicles and providing coverage based on an agreed value. Here’s an explanation on some of the top companies offering classic car auto insurance.

1. Grundy Insurance

When looking for classic vehicle insurance provider, Grundy is the best choice. They offer insurance for vehicles that are over 25 years old, along with muscle and exotic cars of all ages. One of its key advantages is that there are no annual mileage restrictions, which is perfect for collectors seeking flexibility.

Grundy policies provide up to $600 for trip interruption coverage and $250 for roadside assistance. The company offers a variety of services, including commercial insurance for restoration shops, museums, and classic car dealers, along with personal insurance for classic boats and homeowners.

2. Safeco

Safeco really shines when it comes to classic car auto insurance, offering up to 10,000 miles per year for classic cars. This is perfect for anyone who loves to take their classic vehicles out on the road more often.

Safeco provides a great option to bundle classic car coverage with traditional auto insurance, motorcycles, boats, RVs, or home insurance, which could lead to some nice multi-policy savings.
Roadside and emergency assistance are available as optional extras, and the limited-use rates are capped at 5,000 miles each year. Safeco’s coverage is offered across the country, with the exception of Alaska, Delaware, Hawaii, and Washington, D.C.

3. American Collectors Insurance

American Collectors Insurance is well-regarded for being accessible and having a fast, straightforward underwriting process. It offers affordable insurance for collector cars, with all policies permitting the use of a repair shop chosen by the owner and including basic towing services.

The Freedom Tier offers up to 7,500 miles each year along with some general use, plus it includes $250 for disaster relocation expenses for each insured vehicle. You’ll also enjoy the perks of zero-deductible glass coverage and $500 for spare parts.

4. Hagerty

Hagerty is a perfect choice for classic car auto insurance because they provide coverage for a diverse array of vintage and collector vehicles, including motorcycles and boats. It provides flexible usage for pleasure drives and covers vehicles under restoration or construction, with up to $750 for tools.

Hagerty can increase the agreedvalue of a vehicle during restoration projects by 10% every quarter, with a maximum increase of $25,000. Unfortunately, the company doesn’t provide coverage for off-road or racing vehicles and also doesn’t include drivers with serious infractions.

5. Chubb

Chubb focuses on high-value vehicles and collections, providing coverage for entire garages with just one bill. It offers thorough restoration and repair coverage, featuring original equipment manufacturer (OEM) or custom-fabricated parts.

Chubb does not impose a mileage limit for hobby use but restricts coverage to vehiclesthat are over 30 years old, limited production models, or those that are part of larger collections.

Having classic car auto insuranceis super important to keep those cherished collector vehicles safe. When classic car owners select a specialized insurer, they can feel confident that their cherished vehicles are well-protected without breaking the bank.

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