A collector car isn't priced like a daily driver, and it shouldn't be insured like one. We write agreed-value policies through Hagerty and other specialty carriers, so the figure on the policy is what the car is actually worth, not a depreciated guess.
Collector policies are built around how these cars actually live: low mileage, careful storage, and values that hold or climb. Here's what that changes.
Standard auto insurance pays actual cash value, which means depreciation comes off the top. A classic policy pays the full agreed value you and the insurer set upfront, with no haggling at claim time.
Covers your inventory of spare parts and components stored at your home or garage. For many owners that stock is worth thousands on its own.
Pleasure driving, car shows, club events and occasional driving are all covered, without penalizing you for the miles you put on a classic.
The car stays covered while it's on display at car shows, exhibitions and club events.
If it needs a tow, it rides on a flatbed to your preferred repair shop, not behind whichever tow truck shows up first.
Some policies cover vehicles currently under restoration, so the project is protected before the build is complete.
Answered the way we'd answer them on the phone.
Most specialty insurers require the vehicle to be at least 25–30 years old, in good to excellent condition, used for pleasure rather than daily driving, and stored in a secure garage. Some carriers like Hagerty also insure younger enthusiast vehicles.
Classic cars are driven far fewer miles, stored carefully, and owned by enthusiasts who maintain them well. This dramatically reduces risk — translating to lower premiums than a regular daily driver.
Most classic car policies have annual mileage limits and require the vehicle not to be used as a primary driver. If you want to drive it regularly, we'll find a policy with the right usage allowances.
For high-value classics, an agreed value appraisal is recommended to establish the vehicle's worth and set the right coverage amount. We can guide you through this process.
Tell us the year, make, model and how you use the car. Prestige is a Hagerty appointed agency, and our licensed NY agents shop 30+ carriers to find the right fit.