Best Classic Car Insurance

Buying car insurance for your daily commuter vehicle can be confusing at times, but there are plenty of options and companies to choose from. Classic cars, on the other hand, are a bit more complicated and there are far fewer coverage options. The good news is that there are still plenty of great choices and several companies that truly know the classic car world inside and out.

Best Classic Car Insurance Companies


Hagerty is a relatively new company, having only been around since the mid-1980s, but the insurance provider has grown into an automotive lifestyle giant in recent years. Hagerty offers insurance for classic cars, insurance for cars used in track days and other motorsport events, and hosts several events throughout the year. Hagerty also sells insurance for not-so-collectible cars that are used and stored like the classics.

See our full review of Hagerty Insurance here.


Grundy was founded in the late 1940s and focuses specifically on older, collectible, and antique vehicles. The company now offers insurance for boats and everyday cars, so you’re not limited to collectibles with this brand.

See our full review of Grundy Worldwide Insurance here.

American Collectors Insurance

American Collectors Insurance is one of the more popular options for classic car insurance, and is likely a name you’ve heard of in the space. The company was a true family operation until 2014 when a member of the founding family stepped down as leader. The company is known for offering great rates and an easy underwriting process.

See our full review of American Collectors Insurance here.

American Modern Insurance

American Modern offers coverage for collectors vehicles of all types, including restoration vehicles in progress. If you’ve got a rare military vehicle, muscle car, race car or custom kit car, you’ll be covered by this company.

See our full review of American Modern Insurance here.

Heacock Classic Insurance

Heacock truly understands the classic car market, and offers coverage that aligns with the needs of collectors and enthusiasts. In business since 1989, Heacock Classic Insurance delivers top-notch customer service, several great coverage options, and benefits such as up to $2,000 for spare parts coverage.


While it’s true that Progressive is one of the largest and well-known insurers in the country, the company still relies on partners to provide coverage for classic automobiles. Progressive works with Hagerty to provide coverage, which includes Hagerty’s Guaranteed Value Coverage that pays for the total insured value of a car minus a deductible.

Fast Car Insurance Rate Quotes

Compare quotes from multiple providers to get a good deal.

Get Quotes
Powered By:

What Type of Car is Considered a Classic?

Everyone has their own definition of a classic car, especially between different types of cars and between ages of the people being asked. In general, a classic car should be in good shape and be at least 20 years old. Many insurers close the window on classics at about 40 years old, but the rules are different from company to company. Some insurers may also restrict the types of upgrades and modifications that can be added to a classic before it loses its status. This could mean a new stereo in an old model or a new drivetrain swapped in from a new vehicle.

What Does Classic Car Insurance Cover?

Classic car insurance coverage is very similar to regular car insurance coverage, depending on the policy you purchase. Standard liability coverage will still be on the table, but depending on how much you drive your classic beauty, you may want to add injury, collision coverage, replacement or damage recovery for custom work and modification as well. The coverage you get for your classic car really depends on how much you use the vehicle. Some classic car owners love to have their shiny, beautiful car safely locked in the garage most of the year, only to be brought out for auto shows or occasional display and bragging rights. Some classic car owners actually drive their car on a regular basis, and will need more coverage because of it. The policies offered can be tailored to your needs, as the owner. So make certain to ask questions, tell the insurance company you choose what it is you need to feel comfortable with your policy.

How Much Does Classic Car Insurance Cost?

You might be wondering if a classic car insurance policy is going to drive you into bankruptcy, but there’s good news on the front. Most classic car insurance policies cost less than insurance for an everyday car. This is because insurers assume that the classic will be driven far less and will be at less risk for an accident. Some insurance companies charge up to 50 percent less for a classic car insurance policy, but the amount differs from carrier to carrier.

Read more about the Cheapest Classic Car Insurance here.

Fast Car Insurance Rate Quotes

Compare quotes from multiple providers to get a good deal.

Get Quotes
Powered By:


What is the best way to insure a classic car?

Since classic car values can be a bit subjective, especially if the vehicle is custom built or heavily modified, it’s a good idea to search for an insurance company that understands the ins and outs of car culture. It’s also important to check with multiple carriers to find the best rate and the policy that best fits your car.

Do classic cars have cheaper insurance?

Yes, in most cases, classic car insurance is cheaper than insuring a normal car. This is because most classics are driven less and stored more carefully than a car used for daily commuting.

Why is Hagerty Insurance so cheap?

Hagerty isn’t necessarily “cheap” by classic car insurance standards. The company’s policies are typically less expensive than traditional car insurance because it focuses on cars that are only used occasionally.

Does AAA offer classic car insurance?

AAA partnered with Hagerty to provide classic car insurance, similar to the coverage that Progressive offers its customers.

Is Hagerty owned by Allstate?

No, Hagerty is now its own publicly traded company.

How old does a car have to be for classic car insurance?

The definition of a classic car varies, but most consider a car that is over 20 years old to be classic.

Editor's note and disclaimer: Car Talk is supported by our fans, readers and listeners. When you click on some of the links on our website, we may receive referral compensation. However, you should know that the recommendations we make are based on our independent editorial review and analyses.