Compare Historic Vehicle Insurance Rates [2024]
Historic car insurance coverage is important to protect your car, but it doesn't always have to be more expensive. Reduce your historic car insurance costs by installing things like alarms, anti-theft devices, and climate control systems. Save more money by comparing historic car insurance quotes online with our free comparison tool below.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
UPDATED: Dec 20, 2023
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: Dec 20, 2023
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
- Historic cars may be old or may be new, but they have historical value
- Because historic cars tend to be very expensive, insurance will help protect that investment
- GM sold hundreds of historic cars at auction a few years ago, but collectors find their desired cars in a wide variety of places
- There are some things you can do to protect your car and keep insurance premiums lower
Historic Car Insurance Protects Your Investments
The most important reason to purchase historic car insurance is financial.You paid an awful lot of money for that special car and losing it means losing all the money you put into it. Seeing that some of these cars can go for hundreds of thousands of dollars, why wouldn’t you insure it?Of course, you’re probably unlikely to drive your historic car down on the road every day.
You’ll probably carry it on a trailer or flatbed if you ever take it out of the garage. Even so, you’ll want to cover the car in case it gets damaged in any type of traffic accident.
Fire and theft are the two other obvious types of historic car insurance coverage you need.Antique car coverage takes into consideration the fact that garages still burn, and enterprising thieves will steal your car if they know there’s a market for it. In fact, fire and theft make up the largest number of claims made on historic vehicles.
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Historic Car Insurance Has Covered Some of the Most Famous
With all this talk of historic car insurance, are you still not sure about what types of cars we’re referring to? We aren’t talking about classic cars here, we’re talking about cars of any age that have historical value.In 2009, GM put a whole set of historic cars on the auction block in order to raise money for the troubled company. Among the list of vehicles to be sold were:
- A white Cadillac convertible with hydraulic leather chair made for Pope John Paul II
- A 1967 GTO once used in the movie “XXX”
- The hand-made Buick Blackhawk built in 2003 to honor Buick’s 100 years in the industry
- A 1986 replica of a presidential limousine that saw work in several films
Nearly 200 vehicles were sold by GM that day, most of them being pre-production or concept cars. It’s not uncommon for collectors to get their hands on cars from movies, military auctions, museums that close their doors, and other places.No matter where you get your historic car, insurance is an important investment.
Finding Historic Car Insurance Coverage
What is the best insurance for a classic car? If you own a home, chances are your homeowner’s insurance policy covers your historic vehicle to some extent. Unfortunately, that extent will probably be very minimal.
What you need is a specific insurance product designed for the historic car market. Classic car insurance companies are a good place to start.
As long as you’ve put the money into a valuable car, and assuming you really want to protect your investment, why not consider insuring your garage and tools as well?They can all be included on the same policy to protect you in case a fire or natural disaster wipes you out.
Controlling the Cost of Historic Car Insurance
Like all kinds of insurance, coverage for your historic car will depend on the amount of risk the insurance company must take.For example, if you live in or near a metropolitan area with a high rate of car theft incidents, expect to pay more for your policy due to the higher risk.You can help keep the cost of your insurance down simply by implementing a few common things.
- First, alarms and other anti-theft systems are a must. Your garage should be armed with motion detectors, open door sensors, and a backup battery system in case the power goes out.
- Fire suppression systems are also a good idea, but be careful about chemical systems. The wrong chemicals could be just a damaging to your car as the fire itself. Your fire suppression system should be hooked into your alarm for automatic notification of the local fire department.
- Finally, climate control systems may help reduce the cost of historic car insurance. Climate control will protect against excess humidity or dryness, varying temperature conditions, and any other number of climate related issues that affect your vehicle.
If you own a historic car, insurance is part of the deal. Don’t let your investment go unprotected by a standard homeowners or auto policy. It’s not worth it.Whether or not you own a historic car, insurance rates are available online by entering your zip code into our free tool below!
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Frequently Asked Questions
What is historic vehicle insurance?
Historic vehicle insurance is a specialized type of coverage designed for vehicles that are considered to be of historical or classic significance. These vehicles are typically older, well-maintained, and often used for display, exhibitions, or occasional pleasure driving.
How are historic vehicle insurance rates calculated?
Historic vehicle insurance rates are determined by several factors, including the age and condition of the vehicle, its value, the driver’s age and driving history, and the intended use of the vehicle. Insurance providers may also consider the availability of parts and repairs for the specific make and model of the historic vehicle.
Are historic vehicle insurance rates higher or lower than regular car insurance rates?
Generally, historic vehicle insurance rates tend to be lower than regular car insurance rates. This is because historic vehicles are typically driven less frequently and are often stored securely, reducing the risk of accidents or theft. However, rates can vary depending on the specific circumstances and the insurance provider.
Can I use a historic vehicle insurance policy for my everyday car?
No, historic vehicle insurance policies are typically intended for limited use and may have restrictions on mileage and usage. They are not designed to cover vehicles used for daily commuting or extensive driving. If you need insurance for your everyday car, you should consider a standard auto insurance policy.
What are the advantages of historic vehicle insurance?
- Lower premiums: Historic vehicle insurance rates are often lower than regular car insurance rates, saving you money.
- Specialized coverage: These policies are tailored to the unique needs of historic vehicles, providing coverage for their value and potential restoration costs.
- Agreed value coverage: Historic vehicle insurance policies may offer agreed value coverage, meaning that in the event of a covered loss, you will receive an agreed-upon amount based on the vehicle’s value, without depreciation.
What are the disadvantages of historic vehicle insurance?
- Limited usage: Historic vehicle insurance policies often have restrictions on how and where you can drive the vehicle. Mileage limitations and usage restrictions may apply.
- Limited coverage for modifications: If you have made significant modifications to your historic vehicle, such as engine upgrades or customizations, these may not be fully covered under a standard historic vehicle insurance policy.
- Qualification requirements: Insurance providers may have specific requirements for vehicles to be eligible for historic vehicle insurance, such as age, condition, and rarity.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
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Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
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.