How Much Does Antique Car Insurance Cost

Classic Car Insurance is not an Allstate product.

How much does antique car insurance cost. 1970 MG B stock 5000 agreed value policy annual premium. With a little bit of care some knowledge and some shopping around to get a good quote its easily possible to insure a valuable collector car for around half the cost of a new car. Grundy another classic car insurer says their classic car insurance costs saves drivers 50 of the cost of standard auto insurance.

Instead its a much different policy thats built just for your classic and includes more specialized coverages. Up to 500 coverage for your cars spare parts. Most companies offer 500 or less while a few offer as much as Hagertys 750 or American Moderns generous 2000 benefit.

The cost of car insurance varies between policies providers and the drivers themselves since premiums are calculated with factors that are often specific to each person. If you have a commonly available car your insurer will determine its value based on comparable models and the cost to repair it. Many factors will affect your price for motorcycle insurance.

See Disclosure than a standard auto policy. Data provided by Progressive found that classic cars cost about 36 less to insure than a typical car because policies are tailored to your specific needs. Hagerty an insurance provider that specializes in classic cars says online that their classic car policies cost on average 39 less than a regular car insurance.

So if that Ferrari goes up in flames when your garage burns down. If youre looking for antique car insurance companies you might think that you need to be prepared to pay a lot. 1968 Dodge Charger RT stock 46000 agreed value policy annual premium.

This is in contrast to the way typical cars are insured. If youre looking to buy a classic car you can expect to pay much less than 53 million but youll still need to research the market thoroughly. Ordinary insurance is for ordinary cars.