Antique and classic car insurance at an affordable rate.
Classic Car Insurance
We offer antique and classic car insurance designed specifically to protect the unique cars that are so important to you at an affordable rate.
Classic Car Insurance Coverage
With classic car insurance from The Hartford, the amount of coverage needed to repair or replace your antique or classic car is determined using it’s “actual cash value” (ACV) – also known as fair market value.
The following coverages are available (varies by state):
- Bodily Injury Liability
- Property Damage Liability
- Physical Damage to your auto (mandatory for collectible autos)
- Medical Payments
- Uninsured/underinsured motorists
How is classic car insurance different from regular car insurance?
Classic car insurance offers some key benefits compared to daily driver or “regular“ insurance.
We understand your car is a prized passion and will be driven with great caution, so we adjust the premiums accordingly — 39% lower on average than daily driver 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.
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.
What Is Agreed Value?
Some classic auto insurance providers state the coverage amount – to repair or replace the vehicle – in a policy based on agreed value. Agreed value is typically derived from documentation like appraisals, photographs and receipts which the insurance company and policyholder use to come to an agreement on the value of the antique or classic car.
What Is the Difference Between an Antique & Classic Auto?
The Hartford defines an antique auto as being manufactured at least 25 years ago, and driven primarily in parades and exhibitions, and infrequently for other purposes. The Hartford defines a classic auto as a motor vehicle of the private passenger type which is 10 or more years old and may be used on a regular basis. Its value is significantly higher than the average value of other autos of the same make and model year.
What is the difference between Agreed Value and Stated Value Insurance coverage?
An Agreed Value policy — the same as Hagerty’s Guaranteed Value™ policy –guarantees that you will receive the full insured amount of the vehicle (with no depreciation, and including all sales taxes), in the event of a covered total loss.
In contrast, a Stated Value policy (sometimes called “stated amount” or “maximum limit of liability”) does not promise to pay the full vehicle value that’s indicated or “stated” on the policy. With regard to a covered total loss, you may receive less than that stated amount, because the insurer has the right to pay either your vehicle’s depreciated actual cash value OR the cost to replace your vehicle — whichever is less. Also, many insurers that offer stated value policies (typically standard insurers) require periodic appraisals to affirm the insured amount, adding cost and inconvenience to the client.