Insuring the Irreplaceable: What Every Classic Car Owner Needs to Know
For many collectors, a classic or exotic car isn’t just a mode of transportation—it’s a passion, a piece of history, and often, an appreciating investment. But while your vehicle may be rare, the reality is that standard auto insurance simply isn’t designed to protect something so unique. Without the right coverage, you may be unknowingly exposing your prized car to major risk.
We specialize in helping clients safeguard the irreplaceable. Here’s what every classic car owner should know before hitting the road—or even leaving the garage.
Why Standard Auto Insurance Falls Short
Traditional auto policies are built for everyday cars, not meticulously restored vintage Mustangs or low-mileage Ferraris. These policies typically offer Actual Cash Value (ACV) coverage, which means your payout in the event of a claim will be based on the car’s depreciated value—not its true market or collector worth.
That’s where Agreed Value Coverage comes in. With this specialized policy, you and the insurer agree upfront on the car’s value. In the event of a total loss, you’ll be compensated for that amount, with no depreciation deducted.
Understand Storage and Usage Requirements
Collector car policies often come with specific guidelines. For example:
Storage Requirements: You may need to store the vehicle in a locked, enclosed garage or facility.
Limited Mileage: These policies usually restrict annual mileage since collector cars aren’t meant for daily driving.
Driver Eligibility: Most carriers require a clean driving record and a separate daily-use vehicle.
Following these terms ensures that your coverage stays valid and that you're fully protected in the event of a claim.
Additional Protections for Peace of Mind
Beyond the basics, there are other important options to consider:
Spare Parts Coverage: Valuable for collectors who keep rare or hard-to-find parts on hand.
Roadside Assistance: Specialized services for classic cars, including flatbed towing.
Restoration Coverage: Protects your investment during lengthy or expensive restoration projects.
A Holistic Approach to Risk Management
We know that your lifestyle is more than just one asset. That’s why we work with clients to build tailored coverage packages that extend beyond your vehicle. By coordinating your classic car insurance with your home, valuables, and travel protection, we help reduce gaps and streamline your risk profile—offering broader protection and simpler peace of mind.
Let’s Protect What You’ve Built
Whether it’s parked in a climate-controlled garage or being admired at a classic car event, your collector vehicle deserves insurance that’s just as premium as the car itself.
Our team is here to help you compare options, navigate the fine print, and build a policy that’s truly tailored to your needs.
Ready to get started?
Let’s talk about how we can protect what matters most—on the road, and beyond.