5 Best Collector and Car Insurance for Classic Cars

Then, we’ll check closely into each historic automobile insurer and provide you with information on their track record, extra coverage options, and more.

1 Grundy Classic Car Insurance (Car insurance for classic cars)

Availability: 50 states
Year Established: 1947
Headquarters: Horsham, Pa.

For vintage vehicles with a rising value, Grundy Insurance is a great option. In the event of a covered total loss, the auto insurance company guarantees the full worth of the vehicle and permits policyholders to reassess the agreed-upon value of their car as necessary.

The Better Business Bureau (BBB) has granted Grundy an accredited A+ rating, demonstrating the company’s commitment to resolving customer concerns and issues. The insurer provides the typical forms of auto insurance coverage, including uninsured/underinsured driver protection, medical payments, bodily injury liability, property damage liability, collision, and comprehensive.

The historic car insurer also provides trip interruption coverage up to $600, towing and labor coverage up to $250, and spare parts coverage up to $500.

2 Hagerty Classic Car Insurance (Car insurance for classic cars)

Availability: Some coverage options may not be available in every state
Year Established: 1984
Headquarters: Traverse City, Mich.

More options than just a classic car policy are available from Hagerty Insurance. The insurance also offers a top-notch auto enthusiast network and vehicle specialists to assist you with any repair or replacement process. Older than 1979 classic cars are insured by Hagerty.

Hagerty offers coverage for spare parts, trip interruptions, tools, and roadside assistance in addition to the typical forms of auto insurance. The Hagerty Drivers ClubR is a membership program that allows drivers to take advantage of numerous auto discounts, roadside assistance, auto enthusiast events, and other benefits.

Insurance for classic cars from Progressive

Hagerty is not recognized but has an A+ rating from the BBB. However, Progressive is supporting the insurer. Progressive uses Hagerty to offer insurance for historic cars rather than selling its own. Drivers who want to bundle their classic car insurance with coverage for other vehicles via Progressive may find this to their advantage if they are searching for a firm with more financial stability.

3 American Collectors Insurance (Car insurance for classic cars)

Availability: 50 states
Year Established: 1976
Headquarters: Cherry Hill, N.J.

American Collectors Insurance provides coverage for agreed value, vehicles undergoing restoration, spare components, and newly purchased vehicles automatically.

Towing & Labor for Collectors (TLC), a special protection program offered by the auto insurer, is another feature. Depending on the level of coverage chosen, this multi-tiered plan offers roadside assistance, reimbursement for car show expenses, theft rewards, reimbursement for cosmetic damage, and more.

American Collectors Insurance has a 4.9-star Trustpilot rating for customer satisfaction and an A rating with certification from the BBB.

Classic Car Insurance from USAA

Underwritten by American Bankers Insurance Company of Florida, American Reliable Insurance Company, and American Security Insurance Company, American Collectors Insurance is offered through USAA, one of the most respected auto insurance providers in the country.Some of these insurers have received a “A” rating from AM Best, demonstrating a strong capacity to fulfill claim obligations to clients.

4 American Modern Classic Car Insurance (Car insurance for classic cars)

Availability: 50 states
Year Established: 1965
Headquarters: Cincinnati

American Modern offers several included protections alongside the six traditional insurance coverages, such as:

• Agreed value loss settlement: Pays out the agreed amount for a classic vehicle in the event of a total loss
• Spare parts: Covers lost or stolen spare parts up to $2,000
• Towing: Pays up to $75 per occurrence
• Trip interruption: Covers up to $150 for lodging and other expenses if more than 50 miles from home
• Pet: Covers up to $750 in pet medical bills if a pet is injured in a collision
• New purchase: Covers any new classic vehicle (valued up to $50,000) for 30 days before a new policy kicks in

The add-on coverages offered by the insurance include foreign transportation when traveling abroad, glass protection, and roadside assistance. Although American Modern doesn’t have any BBB or Trustpilot ratings, its customer experience ratings appear to be divided on other review websites. Even if the company is a specialized insurance, buyers looking for top-notch customer service might not want to choose it.

Classic Car Insurance from Geico

American Modern Insurance, like American Collectors, is offered through a bigger auto insurer, in this case Geico. Having received an A++ rating from AM Best, Geico is regarded in the business. This indicates that Geico offers quotations for both regular and vintage auto insurance.

5 Heacock Classic Insurance (Car insurance for classic cars)

Availability: 48 states (not available in Alaska or Hawaii)
Year Established: 1989
Headquarters: Lakeland, Fla.

Drivers looking for a top-notch client experience can consider Heacock Classic Insurance. The company has a 5.0 out of 5.0 rating on Trustpilot despite not having a BBB grade. Customers routinely compliment the agents at the historic automobile insurer on their attentiveness and personal touch.

American Modern Insurance underwrites Heacock. Heacock offers all common forms of coverage and free roadside assistance with every motor policy, among other coverage alternatives. Included are agreed value coverage and spare parts coverage (up to $2,000).

Before providing coverage, the insurer does not request any professional evaluations. The agreed value of a vehicle is decided by Heacock and the vehicle owner.