Classic Car Insurance in Mississippi

In Mississippi, classic car insurance must include liability insurance—though purchasing additional coverage is recommended.
Written by Tom Hindle
Reviewed by Kathleen Flear
In Mississippi, cars are considered antique if they are more than 25 years old and have been verified accordingly.
classic car insurance must include
liability insurance
. You should also look into
uninsured motorist coverage
Getting coverage for your classic vehicle is different from insuring the car for your daily commute. You likely don’t drive your classic car as often, it could take longer to fix, and it may cost more than your average ride. Therefore, you’ll need special
classic car insurance
to make sure you’re protected.
To help you to figure out how to best cover your classic car, we're breaking down everything you need to know about classic car insurance in Mississippi.

What is classic car insurance?

Classic car insurance offers protection and coverage that is tailor-made for classic or antique vehicles. While it’s similar to your standard insurance policy, there are extra caps and limitations, such as mileage restrictions and maintenance minimums.

What is a classic or antique car?

A classic car is a vehicle that is 10 to 24 years old and has historic interest, like a hot rod or muscle car.
An antique car is 25 years or older and has historic interest. A classic car that is more than 25 years old is considered an antique for insurance purposes—and needs a special license plate in Mississippi

What makes classic car insurance different?

A crucial difference between classic car insurance and your standard car insurance policy is the car’s value. Since every classic car is different, there’s not a set value for a certain make or model. 
That means you’ll have to reach an agreement with your insurance provider about the car’s value. Once you’re settled, that figure will be specified in your policy and your car will be protected up to that exact value. 
There are a few other key differences: 
  • Price: Classic car coverage is usually less expensive than regular car insurance.
  • Limited use: Classic cars have a mileage cap and can only be used for infrequent pleasure driving, shows, exhibitions, club activities, parades, and other similar activities.
  • Storage: Classic cars must be stored securely, usually in a locked garage.
  • Condition: The car must be restored, maintained, and preserved at something near its original condition (or be undergoing restoration).
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Mississippi classic car insurance 

To qualify for classic car insurance in Mississippi, your car must be at least 25 years old. There are also special instances when a car can be regarded as historic or rare—but those are decided on a case-by-case basis. 
In Mississippi, the minimum coverage required for a classic car is as follows:
There aren’t necessarily any other requirements, but you should also look into
uninsured/underinsured motorist

What impacts the cost of classic car insurance in Mississippi?

Classic car insurance is generally less expensive than a regular car insurance policy. The price will vary, though, depending on the type of coverage you need.
Here are some other factors that can impact your classic car insurance rate:
  • Model year
  • Stated or guaranteed value—more expensive cars cost more to insure
  • Mileage—the more you drive, the higher your premium will be
  • Customization—flatbed towing, roadside assistance, and spare parts coverage will increase your premium
  • Your driving record—many companies will only offer classic car insurance to drivers with clean records

Benefits of classic car insurance

Regular car insurance isn’t sufficient 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 a collectible and you may need specialized classic car insurance.
Here are some of the key benefits to getting classic car insurance:
  • Lower rates than standard car insurance (often anywhere from 40% to 70% less)
  • Higher coverage limits (often up to $500,000)
  • Flexible deductibles and annual mileage limits
  • Guaranteed or agreed value coverage
  • Plenty of optional add-ons, including towing with flatbed trucks and coverage for spare parts and memorabilia
  • Discounts for additional security features, such as alarms, VIN etching, and GPS tracking
  • Claims handling from fellow car enthusiasts
  • Potential discounts on collector car club memberships

Do I need classic car insurance?

You might need classic car insurance if you own any of the following types of vehicles: 
  • 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 classic car insurance package will depend on the type of car you have and what you need to protect it.
Here are some common coverages for classic cars:
Covers damage that isn’t the result of a collision, such as from severe weather or vandalism.
Covers damages resulting from a collision with another vehicle or stationary object.
Covers damages 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 (minus your deductible) without any deduction for 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, and other incidental expenses 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

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car insurance
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