Classic Car Insurance

Get Better Classic Car Insurance for Less

Up to 36% lower on premiums, with an average savings of $264 less than standard auto insurance!*

Why have ordinary auto insurance for an extraordinary car? A special vehicle like yours should have special insurance coverage to match. Here at Avery Hall, we want to make sure you get the most affordable and comprehensive coverage for your special vehicle.

Here are three ways you and your auto insurance company may determine the value of your vehicle:

1. Actual Cash Value (ACV). The ACV of your car is what it’s worth in its current condition, factoring in depreciation. It’s the amount you could reasonably expect to get for it if you sold it today. And because cars begin depreciating as soon as you drive them off the lot, your vehicle’s ACV will be less than what you paid for it, even if it’s not that old.

2. Stated Value. This is when an insurer allows clients to set their own values. However, with a stated value, the insurer has the option (and is likely) to pay the lower of the following two amounts: the vehicle’s stated value or the cost to replace your car.

3. Agreed Value or Guaranteed Value. These values get offered by most specialty insurers (which we recommend for your special vehicle!). Agreed values get determined through collaboration between you and the insurance company. Should an accident happen, you would receive that full amount! These values are typically the most accurate in terms of a classic car’s true value.

Contact an Avery Hall agent today to learn about which classic car insurance plan works best for you.

Classic Car Insurance Helpful Articles

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Classic Car Insurance FAQs

1. What qualifies for classic car insurance?

A car is considered a classic when it is at least 20 years old, while vintage cars are 25 years or older. Classic car insurance can also protect other high-value vehicles such as muscle cars, vintage military vehicles and exotic vehicles.

2. What does classic car insurance cover?

Classic car insurance typically covers:
• Damage to your vehicle in the case of an accident.
• Damage and injuries you cause to others.
• Roadside assistance and towing are usually also offered by your insurer.

3. Is classic car insurance cheaper?

Classic car insurance is typically cheaper than regular auto insurance but does have certain requirements. Insurers take into consideration that classic cars are usually driven less and are properly maintained.

4. Will classic car insurance cover my vehicle if it gets stolen?

Yes, classic car insurance covers your vehicle if it’s stolen. Classic car insurance acts similarly to regular car insurance in terms of coverage. One unique aspect of classic car insurance is that your car is based on an agreed value, not stated value. This means that you will not have to worry about depreciation if there is a claim.

5. What are the requirements for classic car insurance?

Classic car requirements can vary from state to state, but it typically requires that your vehicle be appropriately stored; this can include a garage, storage unit, carport, etc. Your classic car also should be for occasional use only and may be restricted to no more than 2,500 miles per year. It cannot be used for daily commuting to work. Weekend trips, exhibitions, tours, and other occasional use is acceptable.