Comprehensive Guide to Classic Car Insurance Types and Coverage Options
Explore the main types of classic car insurance, including coverage options for vintage and antique vehicles. Learn about policy classifications, modifications, and unique coverage features like roadside assistance and spare parts protection to make informed insurance choices for your collector car.
Different Types of Classic Car Insurance and Their Coverage
Classic car insurance provides specialized coverage for your vintage vehicle at agreed-upon values based on industry standards. The insurance value increases for cars that are carefully preserved and well-maintained. These policies often differ depending on the auto insurance provider’s definition of a classic vehicle, which can vary by age and condition.
Insurance providers typically classify classic cars based on certain criteria, with some considering cars manufactured before a specific year as classic. The terms "classic" and "collector" are used interchangeably in the industry.
- Classic Car Insurance
This coverage is available for vehicles aged 20 to 25 years, typically restored and in excellent condition. Some definitions specify cars built between 1925 and 1950 as classic. - Antique Car Insurance
Generally reserved for cars over 25 years old that are operational and well-maintained. Different states may have varying age requirements, with the Antique Automobile Club of America defining an antique as 45 years or older. - Modified Car Insurance
Vehicles with altered engines, bodies, or interiors may see changes in their coverage value. Many insurers exclude modified powertrains or structural changes from collectible coverage. - Collector Car Insurance
This standard policy covers liability, comprehensive, collision, uninsured/underinsured motorists, and medical payments, typically for 12 months.
- Roadside Assistance
Provides towing services using flatbed trucks to prevent additional wear during transport for repairs or recovery. - Event Medical Coverage
Reimburses injury expenses if someone gets hurt during a car show or display, distinct from homeowner’s insurance medical payments. - Spare Parts Coverage
Covers backup parts against theft or damage at an agreed value, ensuring your vintage parts are protected.
Understanding the different types of classic car insurance and their coverage options is essential before choosing an appropriate policy from a reputable provider.
