Insuring Your Classic Car

Insuring your primary car can be confusing. There are dozens of different factors that you will need to consider when you’re looking for protection. We know that shopping for auto insurance is not a fun task. It can be confusing and overwhelming, but that’s why we are here to help.

There are a lot of people that enjoy having classic cars. These are cars that you don’t drive every day. It could be anything from a Model T to a classic Ford Mustang. Maybe it’s a car that’s been passed down through your family, or maybe it’s a car that you bought to fix up. Regardless of what it is, it’s important that you get the protection that you need for that classic car.

How is Classic Car Insurance Different than Traditional Car Insurance?

There are several key differences between classic car insurance and a normal car insurance policy. It’s important that you understand the coverage that you’re getting before you purchase any type of auto insurance.

One of the main difference between the two types of plans is the cost. Classic car insurance is going to be drastically cheaper than a normal car insurance plan. Since you’re not driving the classic car every day, the insurance company is going to give you much lower rates. Additionally, there is no deductible on the classic car insurance policy.

Another difference is the way that the value of the car is calculated. With a typical auto insurance plan, your car is protected for the replacement cost minus the depreciation. Every year that you own the car, the amount that you would get for the car is going to go down.  If you bought a car for $30,000 in 2010, you’re only going to get around half that, or even less if you totaled your vehicle.

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With a classic car, on the other hand, your car is going to be covered for a specific amount. When you purchase a classic car auto insurance policy, they are going to have a car insurance expert come out and give a value on the classic car. They are going to use a variety of different recourse, like the Old Cars Report Price Guide to decide how much they will cover the vehicle for. Once they have done the appraisal, that’s how much the car will be covered for. If something were to happen to the car, then that’s the amount of money that you’re going to get.

Types of Classic Car Insurance

There are several types of sub-plans that will give difference coverage based on your car. There are a few requirements that your vehicle will have to meet to purchase one of these plans.

For a traditional classic car insurance policy, the car will have to be at least 19 years old and in good condition. The car also has to be greater than the average work of a vehicle of the same make and year. Some insurance companies only require the car to be at least ten years old, but the vast majority are going to require that it’s at least 19 or 20 before they will issue a classic car insurance policy.

Another type of policy is the antique car insurance plan, which is similar to a classic car plan, but has a few different requirements. The main difference is the age of the car. If you’re looking to purchase one of these plans, the car has to be at least 25 years old. According to the Antique Automobile Club of America, they define antique as being at least 45 years old, but most insurance companies will only require 20 to 25 years.

There are a few other types of plans, like modified car insurance and kit car insurance. These are both coverages for cars that are antique but are not restored to the original condition or a car that was built from a kit, meaning it looks like a classic car, but it’s actually new cars. These plans are going to vary drastically depending on the company and the car. For example, some insurance companies won’t give modified car insurance depending on the changes that you made.

What is Covered by Classic Car Insurance

When you purchase a classic car insurance policy, several key areas are going to be protected. The first area is any roadside assistance. If you were to break down while driving your car, the insurance plan is going to pay for a flatbed truck to tow the vehicle. They will use a flatbed truck to prevent any additional wear and tear on the classic car.


One unique type of insurance coverage is no attendance required protection. If you put your car in car shows, your classic car insurance policy will protect your vehicle from damages, even if you aren’t standing next to the car and it’s not in your care. Additionally, the plan will cover auto show medical reimbursement, which means that if someone would to be injured during a car show, the insurance plan will pay for those medical bills.

Longevity Brokers and Classic Car Insurance Coverage

We know that navigating the insurance waters can be difficult. It’s hard to determine which plans are going to work best for you and to understand all of the terms. That’s why we are here. At Longevity Brokers, it’s our mission to ensure that you’re getting the perfect insurance plans to meet your needs. We have quality insurance policies that will protect everything from your home to your life.

We have years of experience helping the Denver, Colorado area. If you have any questions about classic care coverage, please contact one of our agents today. We would be happy to answer those questions and connect you with the best possible plan.