What are the advantages and disadvantages of insuring a classic car with a standard insurance company?

I have a 1965 Ford Mustang that I'd like to insure. I've heard from friends that I can get a lower premium from specialty insurers vs. broad-market, standard insurers like State Farm or Allstate. What are the advantages and disadvantages of insuring a classic car with a standard insurance company?

Answer
It can be a lot easier to obtain classic car insurance through a standard insurance company vs. a specialty insurer.
Standard insurance companies don’t have as many underwriting guidelines as a specialty company does.
For example, your annual mileage allowed with a specialty company is extremely limited. You may also be disqualified for classic car insurance by a specialty insurance company if you’ve got too many:
  • tickets
  • claims
  • accidents
Classic car insurance can be a great price when you know where to look. Jerry is a free app that can help you find the best deal for classic car insurance by collecting quotes from 50 of the top insurance providers, saving you time and money.
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Alexah Grinnell
Answered on Aug 09, 2021
Alexah Grinnell has been working in the insurance industry for 5 years with a primary focus of coverage consulting in the sales department. She has been working for Jerry Insurance since July of 2019 and has also has experience working for AAA and State Farm. She currently lives in Rochester, NY with her husband and 3 kids
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