Why your regular auto policy is wrong for a classic car
Standard auto insurance pays actual cash value in a total loss — meaning the vehicle's market value after depreciation. For a collector car, that number may be well below what you've invested in restoration. Classic car insurance uses agreed value: you and the insurer agree upfront on the vehicle's worth, and that's what's paid if it's totaled — no depreciation, no negotiation.
Hagerty and our other collector vehicle options
We write Hagerty collector policies and alternatives through our standard carrier market. Hagerty is the industry's largest specialist and is excellent for most collector vehicles. Alternatives may offer better pricing on certain vehicle types or agreed value ranges. We quote both and compare.
What's covered under a collector vehicle policy
- Agreed-value total loss settlement
- Comprehensive and collision coverage
- Spare parts and tools stored with the vehicle (typically $750–$2,000)
- Coverage during transport and at car shows
- Roadside assistance tailored for collector vehicles
Mileage plans and usage restrictions
Most collector policies include annual mileage limits — typically 2,500–7,500 miles — because they're priced for pleasure driving, not daily commuting. If you plan to drive your classic extensively, confirm the mileage limit applies before binding. Some carriers offer unlimited-mileage collector policies at higher premium.
Classic car insurance FAQs
What makes a car eligible for classic car insurance in NY?
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Most collector vehicle policies require the vehicle to be at least 15–25 years old, in good to excellent condition or a documented restoration project, stored in an enclosed garage, not used as a primary daily driver, and driven within an annual mileage limit. The specific requirements vary by carrier.
Does Bashwinger write Hagerty collector vehicle policies?
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Yes. We are appointed to write Hagerty policies as part of our carrier market. We also write collector vehicle programs through other carriers and compare options for every inquiry. The best choice depends on the vehicle's agreed value, your use profile, and how the collector policy fits into your overall insurance picture.
Can I insure a work-in-progress restoration project in Fulton County?
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Yes. Hagerty and several other collector carriers offer coverage for vehicles in active restoration. The agreed value is typically established at the project's current value, with the option to update as the restoration progresses. Coverage during storage and transport to shops is included.
Related coverage and reading
Related coverage