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What do you do if your classic car is worth more than you would be reimbursed on a standard policy and you do not qualify for classic car insurance?


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Wiki User
2011-10-05 10:11:44
2011-10-05 10:11:44

There are insurance companies that cover Classic cars, and usually runs about $80.00 per $5000.00 of coverage. I have a 49 Chevy pickup I am fixing up and have it presently covered for 5000.00, but can increase coverage as the restoration progresses. I have my coverage thru Hagerty, but there are many companies out there.

Look at companies that offer classic car insurance quotes. They will allow you to personalize your policy, hence insuring your car according to its actual value, the work you put into maintaining it, or even sentimental value. I have my antique and classic cars insured with The Hartford and have been really happy with them so far.

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Classic car insurance differs from traditional car insurance in that traditional auto insurance is based on a vehicle's depreciating value. Classic cars tend to increase in value over time and classic car insurance takes this factor into account. Classic car insurance provides coverage amounts based on the amount an owner has invested into a collectible car. Not all older cars will qualify to be covered using classic car insurance and coverage can very greatly between insurance companies.

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The definition of "classic car" is that the car be at least 25 years old. This qualifies the car as a historical vehicle. At that point a classic car insurance agency is your best bet for cost effective coverage. Classic car insurance agencies like Hagerty and Grundy offer insurance policies specifically for these vehicles.

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if the car is pre 1968 then it is a classic you would get free road tax but all cars after 25 years qualify on classic car insurance for stupid poeople a car wich is made befour 1968 is a old car thay call them classics half wit

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yes as military you do qualify for he champus insurance . you can get further deails on www.tampa.va.gov

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Classic motorcycles are collectable and thus becoming more valuable. These valuable collectable motorcycles must be insured accordingly. To be considered for classic motorcycle insurance, the bike must have been produced prior to or during the 1960s, the bike must meet the minimum value limit, and it must have an increasing market value.


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