Collector Vehicle Insurance

Your collector car is your dream car, it carries a story, it can be a memento of your life or even a family legacy. It is more than just a vehicle, or project. Your collector car can be the manifestation of your passion for vehicles. Your collector car may be classified as a classic, modified, replica or maybe even a high-value supercar or exotic. Below is a list of vehicle categories that we can help you find insurance for.   

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Why insure with a specialty collector vehicle policy?

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Purchasing car insurance for a collectible is different from getting coverage for an everyday driver. Usually, your collectible vehicle will be stored a lot, is much more about usage than age or rareness.
A specialty insurance company will require that you have a daily-use vehicle for each licensed driver in a household. 
But age and rareness still a factor to be considered. You may not find a shop that can work in your collectible right at the next corner so a company that understands that can make a great difference on how to handle a claim in case of a loss.

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Things to take into consideration:

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Agreed Value or Guaranteed Value:

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You and the insurance company agree on a value for the vehicle based on an appraisal or the documented value of your vehicle.  If there is an accident which is a covered total loss, the insurance company will pay the agreed value without any depreciation.

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Stated Value: 

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You determine the value of your vehicle based on an appraisal or the documented value of your vehicle.  If there is an accident which is a covered total loss, the insurance company will not pay any more than the stated value and they may apply depreciation to the vehicle before paying your claim.

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Actual Cash Value:

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Vehicle worth is based on used car values (not necessary a classic).

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No fixed mileage limit:

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Flexible usages as long as you are not driving your car every day.

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Fixed mileage limit:

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Some classic car specialty insurance companies have a limit of miles you can put on your vehicle each year.  Usually, they will only insure as a classic or modified if you drive as an example, less than 2501 miles per year. 

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In case of a claim:

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• You may either choose a repair shop of your choice or the insurance company may pay you to repair yourself.

• 24/7 Emergency Guaranteed Flatbed Roadside assistance through US and Canada

• Cherished Salvage: allows clients to keep their vehicles in the event of a covered loss.

• Evacuation expense coverage: pays a percentage of reasonable expenses incurred to move vehicles from an area of emergencies like floods, wildfire, and tornados.

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Optional Coverages:

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• Coverage for vehicles under active restoration.

• $0 deductible options

• Dispatch: – Looking for a specific car part hard to find? 7 days a week dispatchers that are at your disposal to search and track down parts for your collector car.

• Spare parts coverage

• Automotive tools coverage

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See below a few classifications of collectible vehicles

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Classic Cars

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Classic vehicles are stock vehicles built from the turn of the century through 1979 or a motor vehicle ten or more years old, which is of special historical interest.

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Antique Cars

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A motor vehicle that is 25 years old or older.

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Replicas

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Replicas are vehicles that are no longer in production, such as ‘50s Porsche Speedsters or ‘20s Mercedes Benz Roadsters.

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Lowriders

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Lowriders are vehicles that use hydraulic and air suspension to lower or bounce the car.

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Modified Vehicles

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• Nitrous oxide

• Swapping engine

• Underbody neon lights

• Chrome rims or bumpers

• Sports seats and racing harnesses

• Custom paint worth $10,000 or more

• Altered emissions or catalytic converter

• Structural alterations to the body/chassis/frame

• Suspension modifications such as struts/sway bars and lift kits

• Phone mount or Bluetooth connectivity, stereo systems, subwoofers, CD or DVD players

• Vehicles with hydraulics (extreme adjustments to a vehicle's height — whether up or down).

• Significant performance enhancements such as an addition of a blower, supercharger, turbocharger or turbo boosters.

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Truck and SUV 

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Classic trucks and SUVs must be 15 years and older with minimum value $3,500, no extreme off-road modifications such as brush guards, roll bars, toolboxes and lift kits with large off-road tires, and cannot be used for towing and hauling.

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Tuners

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Tuners are generally Asian or European manufactured sport compact vehicles that are highly customized for looks and/or performance. These vehicles are usually 1990 and newer. Typical modifications include tuned engines, body kits, carbon fiber, custom paint, wheels, and interiors featuring elaborate stereo equipment, video monitors, gaming systems, etc.

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High-Value Supercars

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High-value supercars and exotics are vehicles valued in excess of $175,000. Unlimited coverage to non-competitive track usage is available.

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Vintage Race Vehicles & Motorsports

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This coverage is for when your race car is in the trailer, in storage, and during loading or unloading, while in storage or at the shop, from theft, fire, floods, hurricanes, earthquakes and more.  This covers your race car everywhere but while on the track or whether racing or not. This coverage applies to dragsters, vintage race cars, street-legal muscle cars, or Pro Street.

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Farm Retired Vehicles

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Must be 25 years or older; it offers coverage for tractor pulls or hayrides at county fairs or in parades.

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Commercial Retired Vehicles

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Must be privately owned, 25 years or older, and a CDL is required for the named insured.

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Military Retired Vehicles

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Must be de-militarized, 1979 or older.