How Much Is Insurance On An Antique Car

But thats not always how antique auto insurance works.

How much is insurance on an antique car. Insurance for Classic Cars. So you take out a stated value policy for 300000 on the car. Insuring an antique car muscle car or collector cars doesnt have to be an expensive proposition.

Vehicle Age 25 Years. 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. After all you wont be out of pocket 1 million if the.

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. Things that affect the price in addition to how rare the vehicle is include. 25 fee for Antique Status.

If your car is a legit antique you may be bracing yourself to pay a lot. The answer is not very much. Available for vehicles that are more than 25 years old that have been maintained in or restored to a condition that substantially conforms to manufacturers specifications and which may be used only for participation in club activities exhibits tours parades and similar uses and not for general transportation.

Data provided by Progressive found that classic cars cost about 36 less to insure than a standard modern car because policies. According to Hagerty a collector car insurance agency classic car insurance may cost you around 36 less per year than a standard car insurance policy. Shopping for the right buy.

According to American Collectors Insurance its rates are up to 40 lower than a traditional car insurance policy. Vehicle transport costs to a repairer up to 350 following an accident Fire brigade charges up to 2000 Third party attached trailer cover. However some organizations consider vehicles 25 years or older to be classics as well.