Compare 1980s Vehicle Insurance Rates [2024]
Many leading companies offer specialized insurance policies for classic 1980s cars based on an agreed-upon amount rather than a predetermined value. Learn about your best options for car insurance for 1980s cars.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Oct 6, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 6, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
If you’re about to buy a car from the 1980s, you’ll want to protect your investment. You’ll be looking for insurance plans for 1980s cars and wonder if these companies approach this type of coverage from a different direction. We’re here to help and have done the research for you, with answers below.
- If you have a 1980s classic car, many leading insurance companies will cover it
- For comprehensive and collision, you can agree on a value rather than having to rely on a depreciated amount
- Your rates will typically be lower as you will not drive the vehicle as much
What does it take to insure a 1980s classic car?
People often refer to vehicles from this era as “modern classics.”
There’s no particular definition, but you may be able to get a specific type of insurance coverage from a variety of prominent market players. Certain conditions will apply, but the actual rates may be favorable.
Who offers this type of classic car insurance?
Not long ago, you would have had to go to a specialty insurance company, like Grundy, to ask for this type of policy.
While these organizations are still around, many leading national carriers can also help you. Some of these insurers work directly with specialist organizations to provide a solution. But if you already have a policy with one of these keynote companies, you can keep all your business in one place.
Look into all of your options before choosing a policy. Compare Grundy classic car insurance reviews and rates to those of some of the standard insurers that offer classic car insurance and determine which seems like the best choice for your situation.
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What type of coverage is available for 1980s cars?
You can get full liability coverage, as well as uninsured or underinsured motorist policies, personal injury protection, or medical payments coverage.
Read more:
How can I protect my classic car’s value?
When it comes to collision or comprehensive coverage, you’ll be pleased to hear that the level of protection will depend on the agreed value of your vehicle between you and your insurer.
In other words, you can talk with the insurance company to find a figure that reflects the amount of money you have invested in the car. Certainly, you need to be realistic, and the company will have specific industry guidelines. It will also reserve the right to review the policy each time it is up for renewal.
Nevertheless, this approach is very different from a traditional policy, where the insurer will only pay you the actual market value (or the depreciated amount) of the vehicle. So, you’re likely to get a much higher valuation than you would get through a traditional auto insurer based simply on the vehicle’s age or mileage. Also, you may not have to get the vehicle appraised by an independent expert.
Are there any restrictions with insurance plans for 1980s cars?
When it comes to car insurance for classic cars like this, there may be some usage restrictions. Some policies will insist on a strict mileage imitation, and you may only be able to use the vehicle for pleasure rather than commuting. You may also need to keep the vehicle in a safe place, such as a garage that you can secure. (For more information, read our “Compare Garageless Classic Car Insurance: Rates, Discounts, & Requirements”)
How much will insurance for a classic car be?
Expect the rates to be less than for a standard automobile. Insurance companies understand that you won’t drive such a vehicle as much and will typically offer lower rates accordingly.
What about repairs on an insured 1980s car?
Ask your insurer whether it has any policies that may require you to take the vehicle to a specific repair shop. Many companies are flexible here and may leave you to choose the repair shop or even carry out the work yourself.
Can I take the insured vehicle to a classic car show?
Finally, ask your insurance company whether it will cover your classic vehicle when you take it to club gatherings or enthusiast car shows.
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Final Thoughts on Auto Insurance for 1980s Classic Cars
Many mainstream insurance companies will cover your 1980s modern classic. It may agree on a specific value rather than using the traditional market value or depreciated approach that is standard elsewhere. You can expect the rates to be lower than they would be with conventional coverage, as you will be driving the vehicle a lot less. Your insurer may insist that you keep the car in storage, but you may be able to take it to a mechanic of your choice for any repairs.
Frequently Asked Questions
What does it take to insure a 1980s classic car?
Insurance coverage for 1980s cars, often referred to as “modern classics,” can be obtained from various prominent insurance companies. The rates for this type of coverage may be favorable, but certain conditions will apply.
Who offers this type of classic car insurance?
While specialty insurance companies like Grundy still offer classic car insurance, many leading national carriers also provide coverage for 1980s cars. Some insurers partner with specialist organizations to offer tailored solutions, allowing you to consolidate all your insurance needs with one company.
What type of coverage is available for 1980s cars?
You can obtain full liability coverage, uninsured or underinsured motorist policies, personal injury protection, or medical payments coverage for your 1980s car.
How can I protect my classic car’s value?
With collision or comprehensive coverage, the protection level is determined by the agreed value of your vehicle, which is negotiated between you and your insurer. This approach differs from traditional policies where the insurer only pays the market value or depreciated amount. The agreed value is usually higher, and independent appraisals may not be required.
Are there any restrictions with insurance plans for 1980s cars?
Some insurance policies for classic cars may have restrictions on usage, such as mileage limitations and usage limited to pleasure rather than commuting. Additionally, you may need to store the vehicle in a secure garage.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.