Best Classic Car Insurance Companies

Written by  Rob Bhatt

Edited by  Michael Kitchen

+ 1 More

Updated May 06, 2026

How much does classic car insurance cost?

Classic car insurance tends to cost less than standard car insurance for normal cars. For example, we found full coverage quotes for less than $550 a year for a 1967 Chevrolet Camaro. This is less than one-third the price of standard full coverage for a 2018 Honda CR-V, which costs about $2,100 a year.

Classic car insurance rates

Your actual rate depends on factors like the condition of your vehicle and your location. It’s good to compare car insurance quotes from a few companies to find the cheapest rate.

Best companies for classic car insurance

Grundy, Hagerty and American Collectors are among the best classic car insurance companies. 

Grundy stands out for its low rates. At $345 a year, it has the cheapest quote for a 1967 Camaro. Hagerty has the best coverage options, while American Collectors has the best mileage plans.

Best for low rates: Grundy

Vehicle age limits:

Mileage limit: 

In addition to low rates, Grundy’s classic car insurance comes with useful perks. These include up to $500 in coverage for spare parts. Its trip interruption coverage pays up to $600 for hotel and repair costs for breakdowns away from home. It also covers up to $250 in towing and roadside assistance expenses.

Grundy doesn’t set limits on how many miles you can drive your classic car in a given year, but you’re only supposed to use it for collector-related activities, like car shows, and occasional pleasure drives. 

The company accepts muscle cars and exotics of any age. Most other cars need to be at least 25 years old.

Best coverage options: Hagerty

Vehicle age limits:

Mileage limit: 

Hagerty’s standard policies usually include benefits like evacuation coverage , as well as coverage for spare parts and vehicles under construction. Hagerty’s Cherished Salvage option lets you keep your vehicle after a total loss and still get paid for it.

To get roadside assistance, you have to join Hagarty Drivers Club, which costs about $6 a month.

Hagerty mostly insures classic cars built before 1980, but muscle cars and exotic cars can be younger. It also insures antique tractors, retired military vehicles, vintage campers and other collector vehicles.

Best mileage plans: American Collectors Insurance

Vehicle age limit: 

Mileage limit: 

American Collectors doesn’t have formal age limits for the classic cars it insures. Instead, it generally accepts most cars with growing value that you don’t drive every day.

The company’s flexible mileage plans help you customize your coverage: A 7,500-mile plan costs more, but lets you drive your car more often. A cheaper 2,500-mile plan may be better if you rarely drive it.

A standard policy only covers up to $50 in roadside labor costs, plus another $50 in towing fees. You can get a little more protection by adding a Collector Auto Reimbursement (CARE) package to your policy.

What is classic car insurance?

Classic car insurance is insurance specifically for collectible vehicles. It’s usually available for older cars that have been well-preserved, restored or customized. Newer cars with potential interest from collectors can often also qualify.

One of the biggest differences between classic and standard car insurance comes down to how your car is valued. Standard insurance companies insure cars at their actual cash value, based on age, condition and resale prices for similar used vehicles.

An older car that’s been well-maintained, restored or customized may be worth more than its actual cash value. Classic car insurance covers a car like this at a higher value than standard car insurance usually allows. This means you can get a larger insurance payment if the car is damaged or stolen.

Most classic car insurance companies insure your vehicle at a value that it and you both agree on. You may have to provide pictures, maintenance records and other documents to show how much your car is worth.

Which vehicles can get classic car insurance?

The requirements for classic car insurance vary slightly by company. Some have stricter restrictions on age or mileage than others. 

Most companies require you to:

How to get classic car insurance quotes

It’s good to start your search for classic car insurance with the company that already insures you. In some cases, you may get a discount for insuring both vehicles.

Some standard car insurance companies also partner with classic car insurers that specialize in this type of coverage. For example, State Farm, Progressive, Liberty Mutual and others offer classic car insurance from Hagerty. USAA works with American Collectors.

Most companies that specialize in classic car insurance also offer quotes online. One exception is American Modern, whose website gives you a list of nearby insurance agents who can help you.

Methodology

How we obtained classic car insurance rates:

LendingTree obtained classic car insurance quotes for a 40-year-old classic car owner in Washington state. Rates are shown for comparative purposes only. Your own rates may be different.

Coverage limits

Full coverage policies include:

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