How classic car insurance works

Unlike new vehicles, antique cars appreciate in value, so their insurance differs.

Collectors of antique or classic cars know they aren't for everyday driving. Because these autos generally appreciate rather than depreciate in value, they deserve specialized insurance. Here's what you need to know about protecting your vintage car or before purchasing a classic car.

Check Your Vintage Car Eligibility for Classic Car Insurance

To be eligible for classic car insurance, your vehicle must fit one of the following definitions:

  • Classic car: A vehicle 10 to 24 years old that has historic interest (e.g., a hot rod or muscle car).
  • Antique car: A vehicle 25 or more years old that has historic interest. If a "classic car" is more than 25 years old, it is considered an antique car for insurance purposes.

Your antique or classic car must also meet these conditions:

  • Limited use: Your antique or classic vehicle should only be used on a very limited basis.
  • Condition: The car (generally) must be restored, maintained and preserved in its original condition, or undergoing a restoration. Some insurers may decline if the vehicle is not in excellent condition.
  • Storage: It is required that you store your vehicle in an enclosed building.

Understand How Policy Payouts Work For Vintage Cars

Policies for antiques or classic cars include typical vehicle coverage options, such as liability, collision, comprehensive, medical payments and more. State Farm® offers agreed-value policies which means if the vehicle experiences a total covered loss, we will pay this agreed-upon value rather than the actual cash value of the car as long as there is no prior damage to the car, parts have not been removed, and the car's condition has not deteriorated because of abuse or neglect.

Talk to your State Farm agent about classic cars and antique auto insurance policies today.

State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.

The information in this article was obtained from various sources not associated with State Farm®. While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. These suggestions are not a complete list of every loss control measure. The information is not intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. Nor is it intended to effect coverage under our policy. State Farm makes no guarantees of results from use of this information.


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