6 Tips for Selecting the Right Classic Car Insurance

A red vintage Camero driving on a road through the woods

We know insurance can be overwhelming, especially when it's for a classic or exotic car like yours. With so many options out there, there are a few elements you should consider when it comes to coverage for your car.

Traditional auto insurance policies can be overall insufficient for specialty classic vehicles. It’s all about a car’s value and your insurance company knowing what your classic is worth.

What Is Considered a Classic Car?

Classic auto insurance can be used to cover antique, exotic, and super-performance vehicles that are generally used sparingly, rather than as a daily driver. At Hagerty, your vehicle must be a 1979 model or older to be considered a classic car.

If you’re a classic car owner, collector, enthusiast, or hobbyist, or you’re restoring a classic car for weekend pleasure cruising, here’s what to know about classic car insurance.

Make sure your insurance company...

1. Understands the Value of Your Vehicle

Many collector cars appreciate with age. If your car is ever totaled in an accident, you want to be sure you'll receive a fair market value – not the depreciated value.

2. Has a Good Track Record with Claims

If a company's customers are happy with its claims process, that's always a good sign. Read the reviews. And, if your car’s all original, it’s important for a claims department to pay for the right parts – not just the cheapest ones.

3. Has an Exceptional Level of Service

Does an actual human answer your questions when you call? Do they truly care about what happens to your car...because they love cars, too? That can make all the difference.

4. Has Positive Ratings and Reviews

Make sure your policy is underwritten by a company that is A.M. Best rated. If a company has a positive credit rating, there's a much better chance it'll stand behind its products and services.

5. Provides You With Benefits

Many insurance companies provide benefits beyond just coverage with communities to join. At Hagerty, our Hagerty Driver's Club membership allows you:

  • Complimentary subscription to Hagerty Drivers Club magazine (six issues per year)
  • Premium access to Hagerty Valuation Tools
  • Invites to members-only events and experiences
  • Automotive discounts
  • Top-of-the-line roadside service
  • Hagerty Carcierge – car experts on call to answer member questions
  • Membership to the Historic Vehicle Association

6. Has You Covered, No Matter What the Situation

Whether it's roadside service with a flatbed, coverage for spare parts and tools, or protection while your vehicle's under restoration make sure the insurance you go with will adapt to meet your changing needs.

For more info on everything you need to know about classic car insurance, make your way over to our FAQs for more details!