Classic and collector car insurance with agreed value coverage

Classic car insurance insures a collector vehicle for an agreed value, the amount you and the insurer settle on up front, so a total loss pays that value instead of a depreciated book price. Because collector cars are driven less and cared for more, these policies often cost less than a standard auto policy.

What classic car policies typically include

• Agreed value physical damage coverage
• Liability and uninsured motorist coverage
• Spare parts and tools coverage
• Flatbed towing and roadside assistance
• Coverage at car shows and club events

Typical eligibility

Collector policies usually require that the car is kept in a secure garage, driven on a limited basis rather than for commuting, and that each driver has another vehicle for everyday use. Modified cars, hot rods, restomods and newer exotics may also qualify.