Classic Car Insurance in Arkansas

In Arkansas, classic car insurance must adhere to the state’s mandatory liability insurance minimums—though purchasing additional coverage is always recommended.
Written by Jason Tushinski
Reviewed by Kathleen Flear
In
Arkansas
, cars are considered collectibles if their original manufacturing date is a minimum of 45 years old. Classic car insurance in Arkansas must include liability car insurance and property damage liability insurance.
Insuring your classic or antique car isn’t like insuring your day-to-day commuter vehicle. You probably don’t drive your classic car very often, replacement parts can be difficult to find and expensive to buy, and it’s probably worth more than your primary car—so you need specialty car insurance coverage.

What is classic car insurance?

Classic car insurance
is intended specifically for classic or antique vehicles. While classic car insurance has many of the same coverage options as a standard
car insurance
policy, it also comes with extra limitations, such as maintenance requirements and mileage limits.

What is a classic or antique car?

Typically, a classic car is a vehicle that is between 10 to 24 years old and has historic interest, such as a sports car, limited-edition vehicle, or hot rod.
Usually, an antique car is 25 years or older and has a historic interest. As far as insurers are concerned, a classic car that is more than 25 years old is considered an antique.
Despite these general rules, keep in mind that in Arkansas, you can only obtain classic car insurance if the vehicle in question is at minimum 45 years old.

What makes classic car insurance different?

A major difference in classic car insurance is the value of the car. Every classic car is special, so there is no set "book value" for specific
models and makes
. However, classic car insurance is usually cheaper.
You’ll have to work towards an agreement with your insurance provider about your classic car’s value and decide between market value and agreed value. This will be added to your policy and your car will be covered up to the value that you negotiated, without depreciation.
There are a few other key aspects of classic car insurance that make it distinct from the insurance you buy for your regular, everyday vehicle:
  • Price: Classic car coverage is less expensive than a regular car insurance policy.
  • Limited use: Most classic cars have a mileage cap and can only be used sparingly, such as when driving to exhibitions and shows, heading to club activities, participating in parades, pleasure driving, and other activities.
  • Storage: Classic cars must be stored in a secure facility, such as a locked garage.
  • Condition: The car must be restored, maintained, and preserved in its original condition (or be undergoing restoration).

Arkansas classic car insurance

To qualify for classic car insurance in Arkansas, your car must meet the following criteria:
  • Be at least 45 model years old from the original model date of manufacturing
  • You must be at least 25 years of age to register a classic car in Arkansas
  • You must prove that you have a second,
    registered vehicle
    that is used as your primary vehicle
In Arkansas, the
minimum coverage
stipulated for a classic car is as follows:
RECOMMENDED
Compare auto insurance policies
No spam or unwanted phone calls · No long forms
Find insurance savings

What impacts the cost of classic car insurance in Arkansas?

Classic car insurance is normally less expensive than a regular car insurance plan. The price will vary, though, depending on the
type of coverage
you require for your classic car.
Here are the main factors that may have an impact on your classic car insurance rate:
  • Model year
  • Stated or guaranteed value—more expensive are pricier to insure
  • Mileage—your premium will be higher the more you drive the car
  • Customization
    towing and labor coverage
    , spare parts coverage, and flatbed towing will raise your premium
  • Your
    driving record
    —many companies only offer classic car insurance to drivers with a
    clean driving record

The benefits of classic car insurance

Regular car insurance isn’t sufficient to safeguard a classic or antique car against damage or loss. If the value of your car exceeds its original selling price, it may be certified as a collectible and you may require specialized classic car insurance.
Here are some of the main benefits to buying classic car insurance:
  • Lower rates than regular vehicle insurance (often anywhere from 40% to 70% less)
  • Higher coverage limits (often up to $500,000)
  • Flexible deductibles and annual mileage caps
  • Guaranteed or agreed value coverage
  • Lots of optional add-ons, including spare parts, memorabilia coverage, and flatbed truck towing
  • Discounts for adding more security features, such as GPS tracking, alarms, and
    VIN
    etching
  • Claims handling from fellow car enthusiasts
  • Potential discounts on collector car club memberships

Do I need classic car insurance?

If you own any of the following vehicles, you should consider buying classic car insurance:
  • Antique and classic cars
  • Classic trucks and utility vehicles
  • Modified vehicles
  • Modern collector vehicles
  • Vintage boats
  • Vintage motorcycles and scooters
  • Collector trailers
  • Motorsports vehicles
  • Retired commercial vehicles
  • Antique tractors
  • Classic military vehicles
  • Vehicles under construction

Coverage options for classic car insurance

Your classic car insurance package will depend on the type of car you have and what you’ll need to protect it.
Here are some common coverages for classic cars:
Coverage
Description
Covers damage that isn’t the result of a collision, such as from severe weather or theft.
Covers damages resulting from a collision with another vehicle or fixed object.
Covers damages if you’re involved in an accident with a driver who doesn’t have auto insurance, or doesn’t have enough insurance to cover your damages.
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 (minus your deductible) without any loss due to depreciation.
Flexible mileage
Tiered mileage plans give you the flexibility to customize your policy based on how much you drive your classic car.
Coverage for tire changes, towing, battery jumpstarts, and other services that aren’t part of a typical auto insurance policy.
Spare parts
Add coverage for loss or damages to classic spare parts—even ones that are expensive or hard to find.

Finding affordable car insurance for your classic car

If you’re looking for classic car insurance in Arkansas at a great rate, use the
licensed insurance broker
and comparison shopping app,
Jerry
. It’s the simplest, most effective way to find a policy that is tailored for you.
Jerry provides you with up to 50
car insurance quotes
across providers. Jerry then handles all the phone calls, paperwork, and renewals for your top pick so that you don’t have to bother with that tedious work!
Jerry partners with the country’s best insurance carriers to get you the most robust coverage for the most affordable price. The best part? The average Jerry driver saves over $800 on car insurance per year!
"This app is all about savings!
Jerry
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.
RECOMMENDED
Haven’t shopped for insurance in the last six months? There might be hundreds $$$ in savings waiting for you.
avatar
Judith switched to Progressive
icon savingsSaved $725 annually
avatar
Alexander switched to Travelers
icon savingsSaved $834 annually
avatar
Annie switched to Nationwide
icon savingsSaved $668 annually
Are you overpaying for car insurance?
Compare quotes and find out in 45 seconds.
Try Jerry

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings