Your historic car's original value is protected with classic car insurance. Total loss insurance is the most frequent type of coverage offered, and it protects you from having to pay the full worth of your automobile if it is totaled in an accident.

What is Classic Car Insurance and How Does It Work?

Classic car insurance is a sort of insurance created exclusively for classic automobiles. To be eligible for classic car insurance, your vehicle must be over a certain age and meet additional requirements. Classic automobile insurance often provides more coverage and may even be less expensive than conventional auto insurance. If you own a classic car or are thinking about buying one, classic car insurance is something you should think about.

What Does It Cost to Insure a Classic Car?

There is no clear answer to this question because classic car insurance costs vary greatly based on a variety of criteria such as the brand and model of your vehicle, your driving history, and the insurer you choose. We can, however, provide some broad ideas to assist you in budgeting for historic automobile insurance.

Classic automobile insurance premiums are often 25-50 percent higher than ordinary auto insurance premiums. If you presently pay $100 per month for standard car insurance, you may anticipate to pay between $125 and $150 per month for classic automobile insurance. Naturally, this is only a rough estimate; your final rate will be determined by the elements listed above.

If you're considering about buying a historic car or already own one, get a few quotes from different insurance companies before making a selection. Remember, even if classic car insurance is more expensive than conventional auto insurance, it's still vital to check rates and coverage options to ensure you receive the best deal.

Why would I want to insure a classic car?

Even if you don't drive your classic automobile every day, there are a few reasons why you should purchase classic car insurance. For starters, vintage car insurance is typically far less expensive than conventional car insurance because classic automobiles are not driven as frequently and are less likely to be involved in accidents. 

Additionally, classic car insurance frequently includes a variety of other benefits that conventional car insurance does not, such as coverage for parts and labor costs involved with repairs. So, if you own a classic car or are considering purchasing one, classic car insurance is something to think about.

Are There Any Classic Car Insurance Alternatives?

There are several different types of classic automobile insurance policies available, so do your research before purchasing one. When looking for classic car insurance, there are a few factors to keep in mind:

1. Determine the level of protection you require. Liability, collision, comprehensive, and agreed value are the four basic forms of coverage offered for historic cars. In the event of an accident, liability insurance covers the damage you do to other people or property. Collision insurance protects your own vehicle in the event of an accident. Fire, theft, and vandalism are all covered by comprehensive insurance. In the event of a total loss, agreed value coverage insures your car for the agreed-upon value.

2. Think about how old your car is and how much it is worth. Classic automobile insurance may be available if your vehicle is over 25 years old. The cost of your insurance coverage will also be determined by the worth of your car.

3. Get prices from a variety of insurance companies. Because classic automobile insurance is such a specialized product, it's critical to compare quotes from several insurers to ensure you're getting the best deal.

4. Carefully read the fine print. Make sure to read the fine print and ask questions about your policy. Is your coverage valid if you're driving someone else's car? Is it valid if you're only a passenger? Before signing on the dotted line, read your policy thoroughly.

5. Recognize why classic cars have higher insurance prices. The cost of repairing or replacing a classic car might be significantly higher than that of a conventional vehicle. Finding components could take months, and there may only be one or two mechanics in your area who are familiar with vintage vehicles. These risks will be factored into your insurer's premium calculations, but there are additional aspects to consider.


When determining whether or not to purchase classic automobile insurance, there are numerous aspects to consider. In the end, it comes down to personal preference and financial constraints. 

Go for it if you have the funds and want the piece of mind that comes with knowing your classic car is fully insured. If you're on a limited budget, however, you may want to skip the extra insurance and simply drive carefully. Whatever path you take, be sure to complete your homework so you can make an educated decision.