Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Oct 5, 2021

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Key Takeaways

  • Some of the best companies for classic car insurance include Safeco, GEICO, Hagerty, Grundy, and more
  • Classic car insurance may cost up to 36% less than traditional car insurance
  • You and your car may need to meet specific requirements to qualify for classic car insurance, depending on the company

If you own a valuable classic or collector car, you know how important it is to make sure it’s protected. Having the right car insurance coverage can ensure that your car stays in good shape and is covered in case of an accident or other incident.

Below, we’ve listed some of the best companies for classic car insurance. This includes major car insurance companies and companies that specialize in classic car insurance.

If you’re looking to buy classic car insurance, enter your ZIP code into our free quote comparison tool above to get classic car insurance quotes.

What are the best companies for classic car insurance?

There are many companies available for classic car insurance. Some of them are major car insurance companies that are more widely known for traditional insurance products, while some specialize in classic car insurance.

Below are some of the best companies for classic car insurance.

American Modern

American Modern offers coverage for almost any type of classic vehicle. It also offers a variety of mileage plans, including an unlimited one, that you can choose from depending on how often you drive your vehicle. Its spare parts coverage has a limit of $2,000, which is higher than the average $500 limit.


Safeco offers two different mileage plans with limits of 5,000 miles per year and 10,000 miles per year, so it is a good choice for daily drivers. However, your car must meet certain age requirements depending on the type of vehicle.


Hagerty provides coverage for a variety of vehicles, including restoration projects, with a spare parts coverage limit of $750. Hagerty’s Carcierge service can help drivers find replacement parts, and the Hagerty Drivers Club provides roadside assistance and discounts for other car-related products.

American Collectors

American Collectors provides flexible mileage plans and inflation guard up to six percent more than the agreed value of your vehicle. It also offers one of the best towing and roadside assistance packages with different levels of coverage.


GEICO is a major car insurance company that can provide both traditional car insurance and classic car insurance, so it can help drivers who want to simplify their insurance plans. GEICO is partnered with American Modern and Assurant for its classic car insurance policies.


Grundy classic car insurance provides inflation protection of up to 150% of the agreed value of your car. You will also have unlimited miles, $500 spare parts coverage, and up to $250 of towing and labor coverage.

State Farm

State Farm is another major car insurance company that can make insuring both classic cars and non-classic cars easier. It is one of the only major car insurance companies to underwrite its own classic car insurance policies, so bundling discounts are easier to qualify for.

J.C. Taylor

If you belong to a car club, such as the Antique Automobile Club of America or the Classic Car Club of America, chances are that J.C. Taylor is the specialty insurer for that club. J.C. Taylor offers unlimited mileage, but its policies are based on 2,500 miles per year.

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How much does classic car insurance cost?

Let’s begin by taking a look at the average cost of car insurance:

Average Annual Car Insurance Rates by State
StateAverage Annual Car Insurance Rates
District of Columbia$1,330
New Hampshire$818
New Jersey$1,382
New Mexico$937
New York$1,360
North Carolina$789
North Dakota$773
Rhode Island$1,303
South Carolina$973
South Dakota$766
West Virginia$1,025
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In many cases, classic car insurance rates are lower than traditional insurance rates. Classic cars may not be driven as much as daily drivers, and they may be kept in safer conditions, such as in a locked garage.

You may be able to get rates for classic car insurance for up to 36% less than traditional insurance.

However, if you own a particularly valuable car, or if you drive your car more often, you may see rates that are a little more expensive than traditional insurance.

What are classic car insurance requirements?

Many classic car insurance companies will have requirements that you and your car must meet to qualify as a classic or collector car.

Many insurance companies require cars to be 10 to 20 years old to qualify as a classic car and at least 25 years old to qualify as an antique. Newer cars may be considered collector cars if they are also exotic.

Most insurance companies also expect classic cars to be kept in good condition, and they may have use restrictions. Some may offer unlimited mileage, but other policies limit how often you can drive or the reason for driving your car.

Some companies may require you to store your vehicle a certain way. Most often, a locked garage is required, but some companies may allow other methods of storage for higher rates.

There may also be requirements you must meet, such as having a clean driving record. If you have had major violations within the last three to five years, you may not qualify for classic car insurance. You may also need to be at least 25 years old or have 5 to 10 years of experience driving.

Classic car insurance companies may also want to see proof that you own another vehicle to make sure you’re not using your classic car as a daily driver.

How can I save on classic car insurance?

Some of the discounts that are available from traditional insurers may be available from your classic car insurance company. For example, if you insure more than one vehicle, you may be able to qualify for a discount.

If you insure a non-classic car and a classic car with a traditional insurance company, you may also be able to bundle these policies with another type of insurance, such as homeowners or life insurance, for a discount.

Some other discounts you may qualify for include anti-theft device discounts and discounts for other safety features, safe driving discounts, and discounts based on your billing settings.

You may also want to consider purchasing a policy that has a limited number of miles if you drive your classic car sparingly. It would be less expensive than paying for an unnecessary unlimited mileage plan.

If you’re able to afford a higher deductible in the case of an accident or other incident, you may want to pay the expenses out of pocket to save money on your monthly rates.

If you belong to a car club, you may also receive a discount if the club has a partnership with a classic car insurance company.

Enter your ZIP code into our free quote comparison tool below to find an affordable classic car insurance company near you.