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What You Need to Know About Insuring a Classic Car February 7, 2019

Cincinnati, Hamilton
What You Need to Know About Insuring a Classic Car, Cincinnati, Ohio

When it comes to a “classic car,” the designation can vary and often depends on who or what entity has provided the definition. Knowing is important because there is special insurance designed for these older modes of transportation. Here is a helpful guide on what you need to know about securing the right type of coverage to protect your iconic beauties.

What to Know About Classic Car Insurance

How do you know if a car is a classic?

The general rule of thumb is a car is considered classic if it’s over 25 years old. However, some industry trade groups go back even further. They define any car or truck manufactured between 1915 and 1948 as a classic. Some insurance carriers say the vehicle has to be drivable and in relatively good condition. This means the interior’s upholstery doesn’t have rips or other signs of damage. The classic car must also typically resemble the original manufacturer’s design.

What kinds of insurance policies are available?

A collectible car insurance policy is the most common type of coverage for classic cars. It generally includes comprehensive, collision, liability, and underinsured/uninsured motorists. The key distinction with coverage is the guaranteed value. This is a mutually agreed-upon price between the insurance provider and you using data collected by industry car valuation guides.

insuranceIf the vehicle is totaled in an accident, the carrier will likely pay you the guaranteed value. Most states also require classic car owners to have the minimum liability coverage requirements, which pays for the damages and bodily injuries of other drivers in an accident caused by you. There are other optional policies, such as protection at car show displays, if someone is injured while operating your classic at a car show, and spare parts.

Why is it important to have classic car coverage?

Like newer models, you want to protect your classic car from the unexpected. If your vehicle is damaged in an accident, insurance will pay for the repair costs or the guaranteed value. Without coverage, it would be quite expensive to find obscure parts or restore the car or truck to its previous condition. Reliable coverage also protects against theft, vandalism, and natural disasters. If your classic car is stolen, you’re likely to receive the prior, agreed-upon guaranteed value.


Whether you’ve been thinking about buying a classic car or are a current owner, having the proper insurance in place is essential to protect your investment. Siemers Insurance Agency, LLC in Cincinnati, OH is the locally-owned firm car enthusiasts turn to for quality coverage from the nation’s leading carriers. The team of professional and friendly agents will work on your behalf to find the insurance policy that will fit your unique driving needs. For a free, no-obligation rate quote, call (513) 469-8877. You can also request one on the website.

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