AAA Classic Car Insurance
AAA does offer classic car insurance, although you have to be a member to add this coverage. Here are the details!
Written by Brittni Brinn
Reviewed by Kathleen Flear
Table of Contents
- Does AAA offer classic car insurance?
- What is classic car insurance coverage?
- How much is an AAA classic car insurance policy?
- Who should get classic car insurance?
- FAQs
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The American Automobile Association (AAA) offers
classic car insurance
as an add-on for members who are purchasing an insurance plan. The costs for this coverage will depend on your state, the classic car’s value, and how often you drive it.Classic cars are a lot of fun to own, but they also need special care to keep them in peak condition. Do you have a
Ford Mustang
that you take to car shows or some other collectible that you keep like a treasure in your garage? You’re going to need some extra coverage to protect your investment!Let’s take a look at the classic car coverage options offered by AAA. We’ll also discuss the requirements for a car to be considered “classic” and some other benefits to signing up for
car insurance
through AAA!Compare insurance quotes from 50+ carriers with Jerry in under 45 seconds
Compare insurance quotes from 50+ carriers with Jerry in under 45 seconds
4.7/5 rating on the App Store | Trusted by 5+ million customers and 7 million cars4.7/5 app rating | Trusted by 5M+ driversDoes AAA offer classic car insurance?
Yes, AAA has classic car coverage—or collector car insurance, depending on your state—available for anyone with an existing
AAA membership
.This classic car coverage can apply to vintage, antique (45+ years old), and otherwise classic vehicles. However, there are a few stipulations your classic ride has to fulfill before it will be eligible for this policy. For one thing, the vehicle cannot lose value over time.
Here are a few other qualifications for AAA classic car insurance:
- Must be at least 15 years old to qualify as a modern classic (20+ years old is more common)
- Use of vehicles is limited to pleasure driving, auto club events, car shows, exhibits, etc.
You may also qualify for classic car insurance if you have a reproduction or replica of a classic car, a race car, or a muscle car.
These requirements may differ slightly by state, so it’s important to check with an AAA auto insurance agent before taking your classic car out of the running for extra coverage.
What is classic car insurance coverage?
If you own a classic car, you know that taking care of it is a labor of love. That extra level of care extends to insurance coverage—a classic car has different needs than an everyday driver you would use for work or running errands. That’s where classic car coverage comes in!
One of the biggest differences between a classic car and a regular ol’ vehicle is the depreciation rate. While a 2022
Ford Explorer
is going to depreciate the moment it leaves the lot, a classic car will increase in value over time. That’s because a collector’s car has an agreed value that takes its collector status into account.Another difference between a regular vehicle and a classic car is the amount of time it spends on the road. Some providers won’t provide you with classic coverage unless you have another vehicle to use daily. There are often set requirements about where and how it’s stored, too.
Insurance companies will set the agreed value of the vehicle and will also offer other custom add-ons like spare parts coverage. Classic car coverage will generally include your state’s liability minimums and
collision
and comprehensive coverage
—but double-check with your insurance agent to make sure you have the best level of protection!Because classic car insurance is so specialized, only a few providers will offer the coverage you need. However, auto insurance companies like
GEICO
may provide policies through classic car experts like Grundy. AAA sells classic car insurance underwritten from Hagerty—let’s take a look at what kind of coverage AAA offers for classic vehicles.How much is an AAA classic car insurance policy?
Classic car insurance is generally much cheaper than a standard car insurance policy, but AAA will calculate your exact premium using several different factors. How much you pay for AAA classic car coverage will depend on the model of the car you are insuring, the agreed value, how often you take your classic out for a ride, and more.
AAA will assign an agreed value or a stated value to your vehicle when you sign up for coverage. To determine this amount, AAA may request documentation like an official appraisal or photos. You’ll also have to pay an additional $50 if you don’t already have an AAA membership—but this fee includes
roadside assistance services
and other membership perks!The amount you drive also will impact your auto insurance rates. If you don’t take your car out much, you may not pay as much for insurance coverage. Depending on your car insurance provider, you may not be able to cover a collectible car you use on the daily for commuting or other regular use.
But AAA has some automotive insurance discounts that can help keep your premium manageable. Ask your agent about multi-policy,
safe driver discounts
, and more! Plus, your AAA membership can get you discounts on everything from car rentals to grocery and gas prices at certain locations!Who should get classic car insurance?
Classic car insurance is an extra level of protection for your investment. If you’ve put a significant amount of money into purchasing your classic or antique car(s), if you live in an area with a high rate of car accidents or motor vehicle theft, or if you just want peace of mind when you take your vintage beauty out for a spin, it’s probably a good idea to get classic car coverage.
The kind of car you have and how much you drive will typically determine how much coverage you’ll need. For example, if you take your classic out for a spin once a week or travel to car shows on the regular, you’ll benefit from having classic car coverage.
Here are some elements of classic car coverage that can come in handy:
- Spare parts coverage: Older and more expensive cars may be tough to get reasonably-priced spare parts at a moment’s notice. This coverage is a must-have for rare models and will protect against parts damage or theft as well. Usually covers around $500, but more generous plans include up to $2,000 reimbursement.
- Inflation guard coverage: Since your classic car will appreciate in value over time, this feature will increase the protection amount at no extra cost to you. Usually around 4 to 6% of the car’s value.
If you inherited your classic car or received it as a gift, it may be worth signing up for a stated value policy as these plans generally come with lower premiums and will still pay out a fair price for your vehicle if it’s declared a total loss.
“As a young person who owns a sports car and a high-end sedan, I couldn’t find quotes below a certain threshold. By usingJerry, I managed to find full comprehensive coverage on both vehicles and am now saving $150 a month!” —Channing Y.
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FAQs
Do you need AAA membership to get AAA classic car insurance?
Yes. You will need to sign up for an AAA membership before you can purchase any of their insurance products. It will cost around $50 for a base AAA membership, with prices increasing the higher up the membership ladder you go.
Are classic cars cheaper to insure?
Classic cars can be cheaper to insure as they generally aren’t driven as much and usually have to be securely stored when not in use.
What is the difference between AAA Classic and AAA Plus?
AAA Classic is the base membership level and comes with a $60 locksmith limit, limited towing miles (varies by state), discounted rental rates, and discounted rates on international AAA maps. The next-level AAA Plus plan increases the towing limit to 100 miles guaranteed and the locksmith limit to $100. It also adds free emergency fuel delivery and free international AAA maps.
