How much auto insurance should I cover on an antique car?

Most antique car owners still cover their vehicle from theft and damage, even if they don't drive it. The average cost of antique auto insurance in the US is $50.47/mo.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Nov 2, 2021

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Here's what you need to know...

  • Antique cars need sufficient insurance coverage
  • Most insurance companies consider any car 25 years or older an antique
  • Theft and accidental damage can still happen and if your car is an investment, you have to protect your investment

Owning an antique car is fun and exciting. Whether you keep it for your own enjoyment or show it at car shows, you still need the proper insurance coverage.

You should get the amount of coverage equal to what the car would be worth if you were to sell it today. In other words, the antique or classic car should be insured for its market value.

You can’t always tell just by looking if a car is an antique or not. Most insurance companies consider any car 25 years or older an antique. In addition, it must have the majority of the original frame in place to be considered an antique.

If too much of the car has been replaced or refurbished, it will not fall into this category.

By comparing auto insurance rates you can save money. Enter your zip code in the free box above receive quotes from several companies now!

Do all auto insurance companies have the same criteria for an antique car?

No. It is important to check with your insurance carrier about how they define antique. Be sure to explain to them specifically the details of your car including make, model, year, and the amount of work you have done on the vehicle.

Also check with your auto insurance carrier to find out if they have a distinction between antique cars, classic cars, refurbished cars, and roadsters.

Some insurance companies have different policies, plans, and requirements for each of these types of vehicles.

However, there is no industry standard as to how these cars are defined.


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What type of coverage do I need on my antique car?

We have already established that the coverage amount should equal the resale amount of the car. This is not always the amount you paid for the car.

The antique car market changes with demand, trends, and the economy, so be sure to shop around and find out the market value of your antique vehicle before you insure it.

Remember to consider the amount of work you put into the vehicle since you bought it as well.

Doing a couple of thousand dollars worth of work on an antique car can double its value. Antique car buyers are looking for cars that look as close to the original as possible so each step towards that increases the market value of the vehicle.

This means that even though you may have purchased your vehicle for a certain amount, the amount it will sell for after you fix it up may be quite different.

Even if you don’t plan on selling your antique car, you should still insure if for the market value so if something happens to it, you have the money to replace it.

There are two main things you need to consider when insuring your vehicle: theft and damage.

You must have theft coverage on an antique car. Because they are rare, there is a higher possibility of theft and you want to be able to replace it if it is stolen.

Even if your car is found after a theft, there is a high likelihood that there will be damage done to the vehicle.

Damage to an antique vehicle can happen while out for a leisurely drive, at a car show, or in your driveway! You never know when a storm or other natural disaster could damage your vehicle.

Because of this, you want some type of collision and liability coverage on your car as well.

Do I still need coverage if I don’t drive my antique car?

Some people purchase an antique car just to admire it, to save it until the value increases, or to leave to their kids, but they do not drive the vehicle. Even if you don’t drive it, it is important to have some type of coverage because of the reasons listed above.

Theft and accidental damage can still happen and if your car is an investment, you have to protect your investment.

Some antique car owners own their vehicle simply to bring it to car shows and they transport it in a trailer. This is all the more reason to have coverage.

Someone else could hit your vehicle or even scratch it while admiring it. You should have basic coverage even if you don’t drive your vehicle.

Comparing auto insurance rates is a great way to see what auto insurance coverage options are available. You can do that now by entering your zip code in the free box!



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