Insuring Your Classic Car

Atlas Insurance Brokers - Rochester, MN

Insuring Your Classic Car

For many owners of classics, their car is more than just a car: it’s an investment, a dream realized, the outcome of a lot of hard work. If any of these apply to you, you’ll want to make sure it’s protected with the right insurance. Because antique and classic vehicles are all so different, your insurance will need to be crafted specific to your vehicle and how you intend to use it.

While standard auto insurance can provide the legal requirements to use your classic, specifically liability coverage, it isn’t designed for rare, antique, or classic cars. An insurance policy designed for classic cars will usually provide:

  • Agreed Value Coverage. Agreed value means you and the insurance company agree on a value for the vehicle before the policy is written. In the event of a total loss, you’re paid this amount, less any deductible. There is no deduction for depreciation like you’d find on a standard auto policy.
  • Spare Parts Coverage. Many classics can be finnicky. A good classic car insurance policy will include coverage for spare parts.

Other coverage options you may want to consider are:

  • Flatbed Towing Coverage. A safer towing option than traditional tow trucks.
  • Personal Effects Coverage. Pays for personal items that are stolen or vandalized.
  • Emergency Travel Expenses. Pays for things like a hotel if your vehicle breaks down away from home.
  • Inflation Guard. The vehicle value is automatically increased at certain intervals.

Your classic car is rare and unique. Make sure you’re properly covered by working with us to insure your vehicle with a policy that values your ride as much as you do. If you have any questions or would like to share a photo of your classic, contact Andrew Nelson at 507-424-3648 or request a quote.


Disclaimer: The above are merely suggestions and tips, and are not meant to guarantee individual results. Any changes to insurance should be discussed with a licensed professional.

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