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Classic car insurance 101

Posted April 22, 2015 in Advice Column, Pleasant Hill

Antique or classic cars aren’t everyday drivers: They appreciate rather than depreciate in value, and they require special insurance. Here’s what you need to know about protecting an antique or classic car.


Insurance Eligibility
To be eligible for classic car insurance, your vehicle must fit one of the following definitions:

  • Classic Car: A vehicle more than 10 years old that is a rare make and model due to exceptional workmanship or limited production.
  • Antique Car: A vehicle more than 25 years old. If a “classic car” is more than 25 years old, it is considered an antique car for insurance purposes.

Your antique or classic car must also meet these conditions:

  • Limited Use: Most classic car insurance policies will only cover a limited number of miles each year.
  • Condition: The car must be restored, maintained or preserved. Some insurers may decline coverage if the vehicle is not in excellent condition.
  • Storage: You will need to store your car in a fully enclosed and locked garage.

Policy Payouts

State Farm® offers agreed-value policies that guarantee 100 percent of the amount listed on the policy in the event of total loss. With stated-value policies, however, insurers will pay out their perceived value of your classic car.


Classic Car Coverage
Antique or classic car insurance policies include typical vehicle coverage options, such as liability, collision, comprehensive, medical payments and more. But because regular-use vehicle policies often won’t protect classic cars in certain situations, you should purchase separate insurance for your classic car. For more information about classic cars and antique auto insurance coverage go to or call your agent.


Information provided by Todd Adamson, Adamson Agency, State Farm Insurance, 3210 Hubbell Ave., Des Moines, 515-266-8888.

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