As a wife and mother of four, I’ve seen my husband’s love for classic cars firsthand. Whether it’s weekend cruises in his old Mustang or endless hours spent fine-tuning an antique truck, classic cars are more than just vehicles to him—they’re a passion. But when it came time to insure his prized possession, we quickly realized that classic car insurance works differently than standard auto insurance.

Finding cheap classic car insurance without sacrificing coverage took a lot of research, and I want to share what we learned. If you or your husband owns a vintage, antique, or collector car, this guide will help you compare quotes, find the best classic car insurance companies, and save money while protecting your investment.

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What Qualifies as a Classic Car?

Not every old car qualifies for classic car insurance. Most insurance companies define classic, antique, or collector vehicles as:

✔️ At least 10-25 years old (depending on the company)
✔️ Well-maintained and in good condition
✔️ Used for pleasure driving, not daily commuting
✔️ Stored in a garage or secured facility

📌 Common Cars Eligible for Classic Insurance:

• Antique & Vintage Cars (Model T, 1930s-50s classics)
• Muscle Cars (Mustangs, Camaros, Chargers)
• Luxury Classics (Old Porsches, Jaguars, Ferraris)
• Classic Trucks & SUVs (Chevy C10, Ford Broncos)
• Kit Cars & Replicas

If your vehicle doesn’t qualify for classic coverage, you may need standard car insurance instead, which is typically more expensive for older vehicles.

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How Much Does Classic Car Insurance Cost?

Classic car insurance is usually cheaper than regular auto insurance because:
✔️ Classic cars are not daily drivers (fewer miles = lower risk).
✔️ Owners tend to maintain and store them well.
✔️ Agreed value coverage ensures no depreciation like standard policies.

💰 Average Cost of Classic Car Insurance:

• $300 to $1,000 per year (much lower than standard auto insurance).
• Monthly Cost: Around $25 to $85, depending on coverage.

📌 What Affects the Price?

• Car’s age, make, and model
• Agreed value of the vehicle
• How often it’s driven
• Storage location (garage vs. driveway)
• Owner’s driving history

🚗 Example: My husband’s 1969 Mustang had quotes ranging from $400 to $900 per year, depending on the provider and coverage options.

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Best Classic Car Insurance Companies (Quote Comparison)

After comparing quotes from multiple companies, we found that some insurers specialize in affordable and flexible classic car coverage. Here are the top choices for cheap classic car insurance:

Company	Best For	Starting Annual Cost
Hagerty	Best Overall Classic Car Insurance	$350 – $600
Grundy	Best for “Agreed Value” Coverage	$250 – $500
American Collectors Insurance	Best for Custom & Modified Classics	$300 – $700
J.C. Taylor	Best for Older Vintage Cars	$275 – $650
State Farm	Best for Bundling Home & Auto	$400 – $900
GEICO	Best for Competitive Rates	$350 – $800

📌 Quick Summary:

• Hagerty: Most popular classic car insurer, great for collectors.
• Grundy: Offers no mileage restrictions (great for weekend drivers).
• American Collectors Insurance: Best for restored or modified classics.
• J.C. Taylor: Best for pre-war and rare vintage cars.
• State Farm & GEICO: Good for bundling classic car insurance with other policies.

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How to Get the Cheapest Classic Car Insurance

1. Compare Quotes from Multiple Companies 📊

Each company evaluates classic cars differently, so shopping around is key. Some prioritize mileage, while others focus on agreed value or storage.

📌 Tip: Get at least three quotes before choosing a provider.

2. Choose Agreed Value Coverage 🏆

Unlike regular car insurance, classic car policies offer agreed value coverage, which means the insurer pays the full insured value if the car is totaled—without depreciation.

✅ Example: If your classic car is insured for $50,000, you’ll receive $50,000 if it’s stolen or totaled.

📌 Tip: Get an official appraisal to set the correct value.

3. Limit Your Mileage 📉

Most classic car insurers offer discounts for low-mileage drivers. If you only drive 1,000-5,000 miles per year, you’ll pay less.

📌 Example: Hagerty offers cheaper rates for cars driven under 3,000 miles per year.

4. Store the Car in a Garage 🏠

Most insurers require secure storage (a locked garage or facility). Keeping your classic safely stored can lower premiums.

📌 Tip: If your car is stored in a gated facility, you might qualify for extra discounts.

5. Bundle with Other Policies 🔄

If you have homeowners or regular auto insurance, bundling with the same provider (like State Farm or GEICO) can lower your overall rate.

📌 Tip: Ask about multi-policy discounts for bundling coverage.

6. Maintain a Clean Driving Record 🚦

A history of speeding tickets, DUIs, or accidents will increase classic car insurance rates. If you have a clean record, you’ll qualify for the lowest premiums.

📌 Tip: Some insurers offer a safe driver discount for 5+ years of accident-free driving.

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Is Classic Car Insurance Worth It?

If you own a vintage or collectible car, classic car insurance is definitely worth it. It’s cheaper than regular insurance and provides better protection.

✅ Pros of Classic Car Insurance:

✔️ Lower cost than standard car insurance
✔️ Agreed value coverage (no depreciation)
✔️ Mileage-based discounts
✔️ Better protection for rare or custom cars

🚨 Cons of Classic Car Insurance:

❌ Limited driving (no daily commuting allowed)
❌ Requires proper storage (garage or locked facility)
❌ Not available for all vehicles

📌 Final Verdict: If you have a classic car that’s well-maintained and not used for daily driving, specialized classic car insurance is the best way to go.

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Final Thoughts: How My Husband Got the Best Deal

After comparing Hagerty, Grundy, and American Collectors Insurance, my husband chose Hagerty for his 1969 Mustang because:
✅ They offered the best agreed value coverage.
✅ Their low-mileage discount made the premium affordable.
✅ They allowed modifications without raising the rate too much.

💰 Final Cost: $475 per year—less than half the price of standard car insurance!

If you (or your husband) have a classic car, don’t just stick with regular insurance. Compare quotes, find the best provider, and use discounts to get the best deal. Classic cars deserve classic protection—at a price that won’t break the bank! 🚗💨💰