Collector Car Insurance
Collector car insurance is purpose-built for vehicles whose value exceeds standard depreciation tables: classic cars (25+ years old), antique vehicles, vintage motorcycles, custom and modified vehicles, and rare production automobiles. A standard personal auto policy insures at actual cash value (AC…
Key Coverages for Collector Car Businesses
- Agreed value — full insured value paid at total loss, no depreciation
- Collision and comprehensive coverage
- Spare parts coverage for original components and restoration parts
- Towing to/from car shows and specialty shops
- Trip interruption coverage for breakdowns far from home
- Car show coverage including accidental damage at events
Frequently Asked Questions
What is the difference between agreed value and stated value?
Agreed value pays the full stated amount at total loss, period. Stated value pays the lesser of the stated value or actual cash value — which reintroduces depreciation. For collector vehicles, only agreed value provides the protection you need. Alway…
Can I drive my collector car daily?
Collector car policies are not designed for daily drivers. Most programs allow 2,500–7,500 miles per year for pleasure, shows, and club events. Some programs offer higher mileage options. Regular daily use requires a standard auto policy, which will …