CLASSIC CAR

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A classic car isn’t just a car, that is why your Classic Car Insurance policy isn’t just a standard Car Insurance Policy. Not all classic cars are used the same, our agents work with you to select the right policy to accommodate your needs.

Here are some commonly asked questions about qualifying for classic car insurance:

How old does my car have to be before it’s considered a classic?

The age range of a classic car is normally between 25-50 years old. However, there is no definitive age that makes a car a classic. State requirements differ for defining a vehicle as a classic.

How often can I use my classic car?

Your classic car cannot be your everyday car. It should be for pleasure use only. Taking your car out for a tour, exhibitions and small trips are acceptable.

Does my driving record impact Classic Car Insurance?

Yes. In many states, you may not qualify for classic auto insurance if you’ve had excessive speeding violations, reckless driving and other serious infractions in the last three years.  

What Makes a Car Classic?

Vehicles that maintain or appreciate and are used primarily for pleasure.

Example:

  • 1965 Ford Mustang 

  • 1975 Volkswagen Beetle

  • 1980 Chevrolet Corvette 

Benefits of Classic Car Insurance 

 

Guaranteed Value Coverage

In the event of a covered total loss, receive every cent of your car's insured value. 

 

Flexible Usage

Our policy allows occasional pleasure use with no fixed mileage restrictions, you can go for a weekend drive, take your vehicle up to the local ice cream shop or attend unlimited events and cruises. 

 

Hagerty Drivers Club

Hagerty Drivers Club is designed specifically for collector cars. It is a comprehensive, 24/7, full-service roadside assistance program for lockouts, battery jumps, tire changes, emergency fuel delivery and more guaranteeing flatbed towing with soft straps. 

How is Classic Car Insurance different from regular Car Insurance? 

 

Classic Car Insurance offers some key benefits compared to daily driver or "regular" insurance. 

Lower Premiums 

We understand your car is a prized possession and will be driven with great caution, so we adjust the premiums accordingly- 36% lower on average than a Daily Driver's Insurance. With a Daily Driver Insurance policy, your classic may be rated like a regular-use vehicle and you'll be charged as if you were driving the vehicle every day. 

 

Guaranteed Value

More commonly known as "Agreed Value" Coverage, it means you tell us the value of your classic and we'll affirm that it's a fair, accurate number. Then, we guarantee that value will be paid to you in the event of a covered total loss. Regular car insurance carriers offer "Actual Cash Value" or "Stated Value" Coverage, which may depreciate the value of your vehicle in the event of a claim, resulting in a smaller payout than you anticipate. 

 

No Fixed Mileage

Our policy allows you flexible usage with No Fixed Mileage limits. Even if you have Full Coverage through a regular Car Insurance carrier, there may be mileage and usage restrictions to control how and when your classic is driven.

 

How Classic Car Insurance is Priced

Your rate for Classic Car Insurance will depend on many factors and vary by insurer. At Progressive Classic Car by Hagerty, here are a few of the most significant variables affecting price: 

 

Your vehicle's value: The age, model and condition of your car will greatly influence how much you pay to insure it. 

 

Location/storage of the vehicle: The state you live in will always affect insurance pricing, so will where you store the vehicle. Safeguarding your vehicle in a locked garage or storage facility is always favorable to your insurer. 

 

How you drive the vehicle: Classic Car Insurance is not designed for everyday use vehicles, so mileage will affect pricing. However, Hagerty can provide coverage for a range of mileage options.