Classic Car Insurance in Montana
Montana classic car insurance is for cars more than 30 years old and must meet state minimum requirements of 25/50/25 liability coverage.
Written by Nick Kunze
Reviewed by Kathleen Flear
In
Montana
, a car must be at least 30 years old to be considered a classic car. All classic cars must adhere to the state’s minimum liability insurance and uninsured motorist coverage.Although the end result is the same, insuring a classic car is very different from insuring your day-to-day vehicle. Even though the car is likely pricier to repair than your average car, its limited usage and required upkeep actually make classic car insurance cheaper than your average policy.
What is classic car insurance?
Classic car insurance is a form of specialty insurance that is specifically for classic and antique cars. It offers many of the same protections as your regular insurance policy, as well as coverage that is specific to older cars.
In Montana, a car must be 30 years old to be registered as a classic car. That said, your car doesn’t need to be registered as a classic car to qualify for classic car insurance.
What is a classic or antique car?
As a general rule of thumb, a classic car is 10 to 25 years old while an antique car is 25 years or older.
The car’s historic value also plays into whether or not it is a classic car. Even if you love your mid-1990s sedan, it might not be classic car material.
What makes classic car insurance different?
Even though classic and antique cars are likely much more expensive to repair than your regular vehicle, the price of classic car insurance is lower. You’ll also need to meet certain requirements:
- Keep your driving below an agreed-upon mileage limit
- Store your vehicle somewhere safe and secure
- Have the car in its original condition with consistent upkeep
- Have a separate, regular-use vehicle
Another major difference is deciding on your car’s value.
Every classic car is unique and there’s no set market value for these vehicles. You’ll need to establish your classic car’s value in conjunction with your insurance provider. This value will affect your rates and claim limits.
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Montana classic car insurance
To register your car as a classic car in Montana, it must:
- Be at least 30 years old
- Be a collector’s item
- Not be used for general transportation
Cars that fall short of classic car designation can still receive classic car insurance—but they must be at least 10 years old and have some historical significance. Classic car insurance is often case-by-case, so reach out to an insurance provider to see if your car could be eligible.
Your classic car will also need at least Montana’s state-mandated insurance minimums:
- $50,000 of bodily injury liability coverage per accident
What impacts the cost of classic car insurance in Montana?
The cost of your classic car insurance policy will be based on the car’s agreed value. You’ll decide on this with the insurance provider based on the car’s make and model, its total mileage, and if it has any aftermarket add-ons.
Your habits as a driver will also impact your rates. A spotty driving record can hurt your rates or even disqualify you from getting classic car insurance completely.
Benefits of classic car insurance
Regular car insurance won’t be able to cover your classic or antique car if you need to make a claim. And if you plan to drive your classic car, you’ll need classic car insurance.
If your car’s value eventually exceeds its original selling price, it could become a collectible and would likely need its own type of specialty coverage.
Here are some of the top benefits of going with classic car insurance:
- Your rates could be up to 70% lower than a standard policy
- Your coverage limits could go up to $500,000
- Flexible mileage limits so you can personalize how much you’ll be driving
- Guaranteed value coverage to prevent a smaller payout from depreciation
- Specialty roadside assistance with flatbed trucks
- Discounts for additional security features and approved collector club memberships
Do I need classic car insurance?
If you have any of the following, 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
Here are the possible coverages you could get with your classic car insurance:
Coverage | Description |
|---|---|
This covers you from (among other things) damage from extreme weather and animals, plus theft and vandalism. | |
If you’re in a crash, collision insurance has got you covered. | |
Helps if you’re struck by an uninsured driver who can’t pay your bills. | |
Agreed value coverage | If you’re in an accident that causes your classic car to be wrecked, you’ll receive the full agreed-upon value (minus your deductible). Usually, you’d be paid less due to depreciation. |
Flexible mileage | You can customize your policy based on how much you plan to drive your classic car. |
This will help your classic car with tows, tire changes, and more if you have any issues while on the road. | |
Spare parts | This covers you for the loss or damages of your classic car’s spare parts. |
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