🚘 Collector Car Insurance 101:

🚘 Collector Car Insurance 101: What You Need to Know (That’s Different from Regular Auto Coverage)

Owning a classic or collector car is about more than transportation—it’s about craftsmanship, nostalgia, and investment. And that’s exactly why standard auto insurance isn’t enough.

Here’s a breakdown of how collector car insurance works, and what makes it different from regular car insurance.

🏁 Key Differences from Standard Auto Insurance

1. Agreed Value vs. Actual Cash ValueCollector car policies use Agreed Value—you and the insurer agree upfront on what the car is worth. If it’s totaled, that’s what you get.Standard auto insurance uses Actual Cash Value, factoring in depreciation.

2. Limited UseCollector cars are usually driven only occasionally—to shows, parades, or weekend cruises—not as daily drivers.Fewer miles = lower risk = lower premiums.

3. Storage RequirementsInsurers often require collector vehicles be stored in a garage or secure location to qualify for coverage.

4. Age & Condition RequirementsEach carrier defines a “collector car” differently. Common qualifications include:

• 10–25+ years old

• In good or restored condition

• Not your primary vehicle

5. Coverage CustomizationYou can add protection for restoration, spare parts, automobilia, and trip interruption—features not offered in standard auto policies.

💡 Who Needs Collector Car Insurance?

• Classic car collectors

• Antique or vintage car owners

• Owners of muscle cars, hot rods, exotics, or specialty vehicles

• Anyone who values their car above its Kelley Blue Book value

✅ Pro Tip: Work with a Specialist

Not all carriers understand collector vehicles. Choose an insurer that specializes in classic & vintage car coverage—like Hagerty, American Modern, or Grundy—and work with a broker who can compare options.

Own something special?

We’d love to help you protect it like it deserves.Message me or connect with BC Brokerage to review your current policy—or set up one that fits your collector’s mindset.

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