Collectible Auto Insurance — Agreed Value Coverage for Classic Cars
Collector cars, classics, and antiques often hold value beyond what standard insurance policies are designed to protect. Collectible auto insurance may offer agreed value coverage and specialized protections that better reflect the true worth of your vehicle.
Coverage Options
The following coverage options may be available for Collectible Auto Insurance. Availability, terms, and limits vary by state and policy.
Agreed Value Coverage
Unlike standard policies, agreed value coverage may pay the full insured amount — not a depreciated value — in the event of a covered total loss.
Restoration Coverage
Some policies may cover vehicles while they are undergoing restoration or modification.
Spare Parts Coverage
May cover spare parts or components stored at your location for your collector vehicle.
Comprehensive Coverage
May cover theft, fire, weather damage, and other non-collision events affecting your collector vehicle.
Show & Exhibition Coverage
Some policies may include coverage when your vehicle is displayed at car shows or exhibitions.
Theft Protection
Given the value of collector vehicles, theft coverage may be especially important for classic car owners.
Who May Need Collectible Auto Insurance?
Classic car enthusiasts, antique vehicle owners, hot rod builders, muscle car collectors, and anyone with a vehicle of significant monetary or sentimental value beyond typical market depreciation.
Top 5 Reasons to Consider Collectible Auto Insurance
- Standard auto policies typically use ACV (actual cash value), which may not reflect your car's true collector value — agreed value coverage may be more appropriate.
- Collector vehicles may appreciate over time, making adequate coverage critical to protect your investment.
- Spare parts and restoration work may represent significant costs that standard policies may not cover.
- Car shows and exhibitions may create unique liability and damage exposures not addressed by standard auto policies.
- Specialized carriers may offer more flexible usage terms tailored to how collectors actually drive their vehicles.
Request a Collectible Auto Insurance Quote
Complete the form below and a representative may follow up to discuss available options. No obligation required.