Classic Car Insurance in Tennessee
Tennessee drivers who own a hobby car over 25 years old should consider buying specialized classic car insurance.
Written by Claire Beaney
Reviewed by Carrie Adkins
In
Tennessee
, a car must be over 25 years old to be considered a collectible worthy of classic car insurance
. Tennessee classic car insurance must include bodily injury liability, property damage liability, and uninsured/underinsured motorist coverage.- Classic car insurance in Tennessee is designed for vehicles that are at least 25 years old and used only for hobby purposes.
- Classic car insurance policies usually use agreed-upon value coverage to determine the premium and payout amount.
- To qualify for classic car insurance, the vehicle must be in good condition, not used for daily driving, and stored in a secure, enclosed location.
- Classic car insurance in Tennessee is designed for vehicles that are at least 25 years old and used only for hobby purposes.
- Classic car insurance policies usually use agreed-upon value coverage to determine the premium and payout amount.
- To qualify for classic car insurance, the vehicle must be in good condition, not used for daily driving, and stored in a secure, enclosed location.
Tennessee classic car insurance
Tennessee classic car insurance offers similar coverages as regular
auto insurance
, but vehicles must meet specific requirements to qualify for protection. To qualify for classic car insurance in Tennessee, your car must:- Be at least 25 years old
- Be of historical interest, such as a hot rod or muscle car
- Have a non-modified engine and body
- Only be used for general transportation on Saturdays, Sundays, and federal holidays.
The minimum coverage required for a classic car in Tennessee is:
- Bodily injury liability coverage: $25,000 per person and $50,000 per accident.
- Property damage liability coverage:$15,000 per accident.
- Uninsured motorist coverage:$25,000 per person and $50,000 per accident.
Key Takeaway Tennessee classic car insurance offers specialized protection for older vehicles of historical interest.
Classic car insurance vs traditional car insurance
Classic or antique car insurance is usually less expensive than regular car insurance. But since every classic car is unique, there isn’t any set “book value” for specific makes and models. You’ll have to reach an agreement with your insurer about the
actual cash value
of your classic car before you do anything else.There are usually eligibility requirements for classic cars that are necessary for classic car policies. Some common requirements include:
- Low mileage
- Secure storage (locked garage or pole barn)
- Restored, maintained, or preserved in its original condition
The cost of classic car insurance in Tennessee
Even though classic car coverage is usually cheaper than regular car insurance coverage, prices can still vary depending on the type of coverage you purchase and the insurance agency you work with.
There are some other factors that may also influence your classic car insurance rate:
- Car’s age
- Stated or guaranteed value
- Car’s mileage
- Any customized add-ons (such as flatbed towing, roadside assistance, or spare parts coverage)
- Your driving record
Key Takeaway Like regular auto insurance quotes, classic car insurance quotes will vary based on factors like your car’s age and value, and your driving record.
Benefits of classic car insurance
Here are some benefits you may receive with your classic car policy:
- Lower rates (from 40% to 70% less)
- Higher coverage limits if your vehicle is damaged or stolen
- 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 (alarms, VIN etching, and GPS tracking)
- 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
Bottom line: If you have a classic, collector, or antique vehicle, get a quote for classic car insurance.
Coverage options for classic or collector car insurance
Your insurance coverage will depend on your car’s make, model, and age, and will also be impacted by your desired protection level.
The following are some common coverage options for classic car owners:
Coverage | Description |
|---|---|
This covers damage that isn’t the result of a collision, such as unexpected events like severe weather, theft, or vandalism. | |
This covers damages resulting from a collision with another vehicle or stationary object. | |
This will protect 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 | Allows you to modify your policy based on how frequently your classic car is driven. |
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. |
“I signed up for a new policy withJerry’shelp. I ended up saving $236 a month after my switch. Thank you, Jerry!” —Adelaide C.
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