In Maryland, classic car insurance requires both liability insurance and uninsured motorist coverage—still, buying extra coverage is almost always a good thing to do.
coverage is usually cheaper than a traditional car insurance policy and can offer specialty coverage for collectible vehicles
Providers may have different qualifying criteria to insure a classic vehicle
Classic car insurance policies are best for classic car owners who might take their vehicle for an occasional drive or display them in parades or auto shows
What is classic car insurance?
Classic car insurance offers protection that is specifically designed for classic or antique vehicles. Although classic car insurance has many similar coverages to a
plan, it also comes with additional limitations such as mileage caps and maintenance requirements.
Do I need classic car insurance?
If you are the proud owner of any of the following vehicles, you should definitely look into buying specialty insurance coverage, especially if you take them for an occasional stroll or display them in parades or car shows:
Antique & classic cars
Modern collector vehicles
Vintage boats
Classic trucks and utility vehicles
Vintage motorcycles and scooters
Modified vehicles
Retired commercial vehicles
Motorsports vehicles
Classic military vehicles
Vehicles under construction
Collector trailers
Antique tractors
Unique replicas
What is a classic or antique car?
Classic car: Typically considered to be a vehicle that is 10 to 24 years old and carries historic or public interest, such as a muscle car or hot rod.
Antique car: Often described as a vehicle 25 years or older with historic interest. For insurance purposes, a classic car older than 25 years old is considered antique.
Keep in mind: Different insurance providers may have different qualifying criteria for the types of vehicles they’ll insure under a classic or antique car insurance policy.
What makes classic car insurance different?
The value of the car is different when you’re comparing classic car insurance to a regular car insurance policy. A typical auto insurance policy will be based on your vehicle’s actual cash value—but as every classic car is unique, there is no set “book value” for particular makes and models.
With your insurer, you’ll have to work out an agreement in terms of your classic car’s value. This will be written into your policy and your classic or antique vehicle will be protected up to that value without depreciation.
Classic car insurance features other aspects that differentiate it from the insurance policy you might buy for an everyday car:
Price: Classic car coverage is usually cheaper than a regular car insurance policy since it’s not being used as your primary vehicle.
Limited use: Classic autos have a mileage limit and can only be used for specific purposes, such as car shows, exhibitions, displays for public and historic interest, parades, and occasional pleasure driving.
Storage: Collector car insurance policies will often require that the vehicle is stored in a safe, secure location.
Condition: The collectible car must be restored, maintained, and preserved in its original condition (or be undergoing restoration).
Keep in mind: Exact classic car insurance requirements will vary depending on the insurance agency.
Coverage options for classic car insurance
Your classic car insurance package will depend on the type of car you own and your insurance needs.
If you’re in a covered accident and your classic car is totaled, you’ll receive the full agreed-upon value (minus your deductible) without any depreciation deductions.
Flexible mileage
Tiered mileage plans give you options to tailor your policy based on how much you actually drive your classic car.
What impacts the cost of classic car insurance in Maryland?
As a general rule of thumb, classic car insurance is usually less expensive than a regular car insurance policy. Depending on the type of coverage you require, prices will vary.
Here are some other factors that can impact your classic car insurance rate:
Model year
Stated or guaranteed value: More expensive cars will cost you more to insure
Mileage: The more the vehicle is driven, the higher premium you’ll pay
Customization: Flatbed towing, spare parts coverage, and roadside assistance will increase your premium
Your driving record: Many insurance companies will only offer classic car insurance to drivers with clean records
Regular car insurance won’t properly protect a classic against loss or damage. If the value of your car exceeds its original selling price, it will most likely be deemed a collectible and you may require specialized classic car insurance.
Here are some advantages to buying classic car insurance:
Lower rates than regular car insurance (can be between 40% to 70% less)
Higher coverage limits (often up to $500,000)
Flexible deductibles and annual mileage caps
Guaranteed or agreed value coverage
Many optional add-ons, including towing with flatbed trucks and spare parts and memorabilia coverage
Potential discounts for additional security features, such as VIN etching, alarms, and GPS tracking
Claims handling from fellow car enthusiasts
Potential discounts on collector car club memberships
Finding affordable car insurance for your classic car
If you’re on the hunt for affordable classic car insurance quotes in Maryland, use
, a car insurance broker and comparison shopping app backed by a team of 100+ licensed insurance agents. It’s the easiest and best way to find a policy that is tailored to your needs.
After providing you with a thorough list of the best classic car insurance policies across insurance carriers, Jerry handles the phone calls, paperwork, and renewals for your top pick so that you don’t have to do anything!
Jerry partners with more than 50 top insurance providers, such as Progressive and Travelers, to get you the best coverage for the most affordable price. The best part? The average Jerry driver saves almost $900 on car insurance a year!
just saved me $193/month on my car insurance. They literally found me the cheapest policies out there and with better coverage! Seriously, just sit back and watch Jerry work its magic.” —Rachel B.
4.7
