Are classic cars expensive to insure?

Classic car insurance is often much cheaper than regular car insurance. If you have an abnormally expensive vehicle, your rates may be higher. Yes, classic car insurance is often cheaper than standard car insurance, largely because of lower risks. Most people keep classic cars in a garage, which means they're better protected against storms and theft.

And because most classic cars aren't used every day, you're less likely to have an accident. Usually, with a classic car policy, you'll also get crash and all-risk coverage, which protects your car from just about any damage on or off the road. Classic car owners love to share their treasures with others and have fun taking their collectible to car shows or, from time to time, for a walk on Sunday afternoons. Simply enter your zip code in the box at the bottom of this page to compare classic or vintage car insurance quotes.

Specialized insurance for classic or vintage cars offers the coverage needed to completely repair or replace the car, but it often comes at a higher price. To find the best cheap car insurance, get several quotes from different car insurers and make sure your coverage takes into account how much you drive and how much your car is worth. Few of the major national brands directly insure classic cars, although some, such as Geico, Progressive and USAA, work with classic car experts to sign up for policies. Just as sports lovers keep their collectibles in glass cabinets, insurance companies expect classic car lovers to keep their vehicle in a place that keeps it safe from inclement weather.

Nearly every company covers basic types of classic cars, including antiques, replicas, modified classics, and hot rods. This usually means that you will only use the car for specific events, such as exhibitions, parades and vintage car club activities. As a result, you may have to prove that you have a normal car for everyday use when buying classic car insurance. Technically, according to The Classic Car Club of America, a classic car is a “fine” or “distinctive” car.

Classic cars are generally limited to parades, car shows and pleasure driving, up to the mileage limit set in the policy.