Collector Car Insurance

Collector car types

Collector’s vehicles may be referred to as, classic cars, antique cars, and vintage cars or vehicles.  The difference between each classification depends on the following:

• Classic cars typically will need to be at least 20 years old (manufactured 1990 or earlier)
• Antique cars:  vehicles need to be at least 45 years old – some states have specific designations for antique vehicles, deeming them “historic”.  Manufactured 1975 or earlier.
• Vintage cars are the oldest of the three vehicle types.  Cars built between 1919 and 1930 are considered Vintage cars or vehicles.

Standard versus Collector Car Insurance

Standard car insurance should not be used to insure collector cars because it may not cover the value of that vehicle.  Classic car insurance allows you to insure or cover your vehicle based on the “agreed value” of that vehicle.  The agreed value is a value that you determine, within reason, and ensures that you will receive the full insured value of the vehicle (less any applicable deductible) in the event of a covered total loss.

Collector cars aren’t typically on the road as much as regular use cars, therefore the insurance premiums can be up to 40% lower than daily driver policies insured with traditional auto insurance.