Classic Car Insurance | Collector Car Insurance Quote | Hagerty (2024)

FAQs

Does Hagerty require an appraisal? ›

We typically do not require appraisals. If we need further documentation supporting a vehicle's value, we will contact you during the underwriting process.

Qualifying for classic car coverage

Limited use – Your classic car cannot be used for everyday commuting or errands, and your policy may include mileage limitations and proof the car is being properly garaged if you do travel with it. In some cases, insurers may require that you also own a primary car for everyday use.

Hagerty, Grundy, American Collectors, American Modern and Heaco*ck provide the best car insurance for old cars. These companies are the best options for classic car insurance because of their fair rates, accessibility and experience in the industry.

When we say full coverage, we mean it. Insurance policies through Hagerty include unique additional coverages that larger car insurers aren't flexible enough to offer.

Our policy allows occasional pleasure use with no fixed mileage restrictions. ** With Hagerty, your client can go for a weekend drive, take their vehicle up to the local ice cream shop or attend unlimited events and cruises.

and Offer To Renew include a grace period of at least 7 days for the payment of any premium due, during which grace period this policy shall continue in full force subject to the Termination provisions of PART F – GENERAL PROVISIONS of this policy.

Owning a vintage car doesn't guarantee you'll qualify for classic car insurance. Each insurance provider will have different requirements. These are the most common requirements to get classic car insurance: Your car is at least 25 years of age or 20 years old with collectible value.

Cost of collector insurance and available discounts

Coverage for collectible vehicles is almost always less expensive than conventional automobile insurance, because you drive much fewer miles every year and are likely to keep the vehicle sheltered and in good condition.

Different providers specify how many miles you can drive with classic car insurance, but limits typically range from 3,500 to 10,000 miles per year.

We need one good photo for stock (original) vehicles, showing a full side view of the car. We need four photos for custom or modified vehicles (full vehicle, engine, interior, and trunk or bed, if it's a truck). Two photos are required for classic pickups (full vehicle and truck bed).

What is the minimum value for Hagerty? ›

1990 or Newer Vehicles

To qualify for our program, 1990 and newer vehicles must meet the following requirements: Minimum value is $3,500. Vehicle must be in good condition unless under active restoration. Annual mileage up to 5,000 may be considered.

We only protect classic and collectible vehicles that are not driven daily, so insurance policies through Hagerty provide better coverage at significantly lower prices than standard insurers.

Jewelry appraisals safeguard the full value of your fine jewelry in the event of loss, damage, theft, or misplacement. For proper coverage, many insurance companies require a written appraisal by an independent, certified gemologist and appraiser.

Appraisal is a method of Alternative Dispute Resolution often found in many homeowner and commercial insurance policies.

Simply put, the appraised value helps determine the price of a home when it goes on the market, the assessed value determines municipal property tax, and the replacement cost is what it would cost to rebuild a home in the event of a catastrophic loss. Replacement cost is the amount covered by homeowners insurance.

Hagerty offers a Guaranteed Value policy, more commonly called an agreed value policy, which means that we'll agree on a fair, accurate price for your vehicle, and we guarantee that value will be paid to you in the event of a covered total loss.