Classic Car Insurance in South Dakota
In South Dakota, classic car insurance must include bodily injury, property damage, and uninsured motorist coverage—buying additional coverage is a good idea.
Written by Claire Beaney
Reviewed by Carrie Adkins
In South Dakota, a car must be at least 40 years old to be considered collectible and worthy of classic car insurance. South Dakota classic car insurance must include
bodily injury liability
, property damage liability
, and uninsured/underinsured motorist
coverage.If you’re looking to insure your classic car, you’ll find it isn’t like insuring your everyday, commute-to-work vehicle. You don’t drive the car as often, it can be hard to find replacement parts, and it’s usually worth more than your average vehicle—so you’ll need specialty
car insurance
coverage.The insurance comparison shopping and broker app
Jerry
has laid out everything you need to know about protecting your ride and purchasing classic car insurance in South Dakota.What is classic car insurance?
Classic car insurance provides much of the same coverage as a regular auto insurance policy, but with a specific focus on classic or antique cars. It also comes with some extra limitations, such as maintenance requirements and mileage caps.
What is a classic or antique car?
Though they sound similar, there is a difference between a classic and an antique car.
A classic car is a vehicle 10 to 24 years old that has historic interest, like a hot rod or muscle car.
An antique car is a vehicle 25 or more years old that has historic interest. If a classic car is more than 25 years old, it’s considered antique for insurance purposes.
What makes classic car insurance different?
While classic car insurance is generally less expensive than regular auto insurance, the uniqueness of each car means there is no set “book value” for specific makes and models.
It’s important you reach an agreement with your insurer about the value of your classic car before you do anything else. This will be specified on your policy and your car will be covered up to that value without depreciation.
There are a number of factors that make classic car insurance different from the insurance you may buy for your everyday vehicle:
- Limited use: There’s usually a mileage cap on classic cars, meaning they should only be used for infrequent pleasure transportation, public displays, exhibitions, parades, and similar activities. They may also be driven to and from any facilities providing repair or maintenance services.
- Storage: Classic cars require secure storage, such as a locked garage or pole barn.
- Condition: A classic car must be restored, maintained, and preserved in its original condition (or is currently undergoing restoration).
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South Dakota classic car insurance
In order to qualify for classic car insurance in South Dakota, your car must meet the following characteristics:
- Be at least 40 years old.
- Has license plates that are permanent for the life of the vehicle.
- If it has historical license plates, it cannot be used for daily transportation to and from a place of work or commercial transportation.
- If it has historical plates, it also cannot be driven more than four thousand miles per year.
The minimum coverage required for a classic car in South Dakota is as follows:
- Bodily injury liability: $25,000 per person and $50,000 per accident.
- Property damage liability: $25,000 per accident.
- Uninsured/underinsured motorist: $25,000 per person and $50,000 per accident.
What impacts the cost of classic car insurance in South Dakota?
Though classic car coverage is generally less expensive than a regular car insurance policy, the price may vary depending on the type of coverage you may need.
There are some other factors that may also influence your classic car insurance rate:
- Model year
- Stated or guaranteed value—the more expensive the car, the higher the cost to insure.
- Mileage—the more miles you have, the higher your premium might be.
- Customization—including things like flatbed towing, roadside assistance, or spare parts coverage may increase your rates.
- Your driving record—many companies might deny classic car insurance if you don’t have a clean driving record.
Benefits of classic car insurance
Regular car insurance isn’t enough to protect a classic or antique car against damage or loss. If the value of your car exceeds its original selling price, it may be considered collectible—making it a candidate for specialized car insurance.
Here are some of the benefits you may receive with classic car insurance:
- Rates that are 40% to 70% lower than standard car insurance.
- Higher coverage limits (often up to $500,000).
- Flexible annual mileage limits and deductible options.
- Guaranteed or agreed value coverage.
- Coverage for optional add-ons, such as spare parts, memorabilia, and even roadside assistance using flatbed tow trucks.
- Discounts for additional security features, such as alarms, VIN etching, and GPS tracking.
- Claims handling from fellow car enthusiasts.
- Earn potential discounts on approved collector car club memberships.
Do I need classic car insurance?
If you have any of the following vehicles, you likely need specialty coverage:
- Antique & classic cars
- Vintage boats
- Modern collector vehicles
- Modified vehicles
- Classic trucks and utility vehicles
- Motorsports vehicles
- Vintage motorcycles and scooters
- Retired commercial vehicles
- Collector trailers
- Vehicles under construction
- Classic military vehicles
- Antique tractors
Coverage options for classic car insurance
Your insurance coverage will depend on the type of car you have and what you need to protect it.
The following are some common coverages for classic cars:
Coverage | Description |
|---|---|
Comprehensive coverage | Covers damage that isn’t the result of a collision, such as unexpected events like severe weather, theft, or vandalism. |
Collision coverage | This covers damages resulting from a collision with another vehicle or stationary object. |
Uninsured/underinsured motorist | Protects you from paying out of pocket if you’re involved in an accident with a driver who doesn’t have auto insurance. |
Agreed value coverage | If you’re in a covered accident and your classic car is a total loss, you’ll receive the full agreed-upon value of your car (minus your deductible) without any deduction for depreciation. |
Flexible mileage | Tired mileage plans give you the flexibility to customize your policy based on how much you actually drive your classic car. |
Roadside assistance | This provides coverage for tire changes, towing, and other incidental expenses that aren’t part of a typical auto insurance policy. |
Spare parts | This coverage helps pay for loss or damages to classic spare parts—even ones that are expensive or hard to find. |
Finding cheap car insurance for your classic car
If you’re shopping for car insurance for your classic car, the licensed broker app
Jerry
is your best bet.Jerry will gather your information from your past insurer and generate competitive quotes from top providers in less than a minute. You're not responsible for any long forms or phone calls, and you’re guaranteed to find the best policies that suit your needs.
Basically, you get all of the savings and coverage, with none of the hassles.
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