What qualifies for classic and collector car insurance?
Antique, classic or collector cars definitions can vary. Classic and collector car insurance is for vehicles that are:
- Driven on a limited basis and only for pleasure.
- Stored in an enclosed, locked garage.
- Not being used for racing, timed events or driver's education.
- Recognized for their collectible value.
If your prized vehicle is the main one you drive, consider getting a quote for USAA Auto Insurance.
Types of vehicles it can cover
Definitions of antique, classic or collector cars can differ, but here are some examples.
Antique and classic vehicles
- Muscle cars
- Custom cars and trucks
- Vehicles undergoing restoration
Modified vehicles
- Street rods
- Hot rods
- Restomods
Exotic cars
- Kit and replica cars
- Street-legal, high-end luxury vehicles
- High-performance sports cars
Other qualifying vehicles
- Military jeeps
- Farm tractors
- Antique and classic motorcycles
Is classic car insurance worth it? See note 2
Classic cars typically increase in value over time, so you should consider having an insurance policy that covers your car for its full worth.
Let’s say you insured your 1965 Mustang with an agreed value of $30,000. Then it gets stolen. Classic car insurance would pay you $30,000 minus any deductible.
Your car's agreed value is based on its condition, rarity and features — with no depreciation. With a standard auto policy, depreciation could reduce your payout by thousands of dollars.
Why choose insurance through the USAA Insurance Agency?
For more than 30 years, we've worked with American Collectors Insurance. They’re a leading provider of classic car and collectibles insurance.
You’ll get help from knowledgeable agents to find the coverage, pricing and service you need.
How much coverage do you need?
It depends. You first need to know what your classic car is worth. You can get an estimate of its value by using one of these online classic car valuation tools.
The coverage experts at American Collectors Insurance can also help. To speak to a licensed agent, call 866-919-9758.
Classic car insurance FAQ
Several things can affect how much you pay for classic car insurance. Your car’s age and value, your driving record and whether you have a deductible are some of the things that may influence your premium.
You must store your classic car in an enclosed, secure structure. American Collectors Insurance may consider:
- Private storage units.
- Airplane hangars.
- Carports in gated communities or on military bases.
- Enclosed trailers that are fenced in or gated.
Examples of unacceptable storage options may include:
- Open areas like parking lots or backyards.
- Street parking or driveways.
- Shared garages.
- Carports that aren’t in gated communities or on military bases.
- Temporary or portable storage units, such as canvas covers or tents.
To get classic car coverage, drivers on the policy will need:
- At least five years of driving experience by the primary operator with a valid driver’s license. American Collectors Insurance prefers 10 years of experience.
- A good driving record with no more than one moving violation or one at-fault accident within the past three years. The policy allows up to two incidents for households with more than one driver.
- One regular-use vehicle for every licensed driver in the household. There are some exceptions for full-time students and retired members.
TLC is extra coverage you can buy that reimburses you for emergency expenses. For example, it covers expenses if you have an accident or your car breaks down.
Depending on your state, American Collectors Insurance offers several levels of coverage. If you have questions or want to learn more, call American Collectors Insurance at 866-919-9758.
Put the finishing touch on your classic car.
Let American Collectors Insurance help you get the coverage that fits your needs.
Have more questions?
Talk to an expert at American Collectors Insurance.