Owning a classic car—whether it's a muscle car, hot rod, or vintage military vehicle—means preserving a piece of history. It's more than just a vehicle; it's an investment in a bygone era that deserves proper protection. That’s why it's important to consider key factors when choosing Classic Car insurance.

Classic Car insurance differs significantly from standard auto insurance. While you’ll still get traditional liability and physical damage (Comprehensive & Collision) coverage, Classic Car insurance insures the agreed-upon value of the vehicle, as determined by you and the insurance company at the time the policy is purchased. This Agreed Value ensures you'll receive that exact amount in the event of a total loss.
Some insurance companies offer a Stated Amount policy instead of an Agreed Value policy. The key difference is that a Stated Amount policy doesn't guarantee a payout of the listed value for the vehicle. The insurance company has the right to pay a depreciated value, which is often significantly lower than the vehicle's perceived worth. This can be disappointing for many vintage car owners, as the depreciated value may not reflect the true value of their vehicle.
Depending on the insurance company, you may need to have your vehicle appraised regularly and submit the appraisals to your insurer. Some companies require these periodic appraisals to ensure the vehicle isn't over-insured. It's important to remember that these appraisals can increase the overall cost of owning a classic car.

COLLECTOR VEHICLE INSURANCE