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

Answered by Home Insurance, Car Insurance Expert Alexah on February 18, 2021

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?

expert avatar

Alexah

Home Insurance, Car Insurance Expert

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 from a specialty insurance company if you’ve got too many tickets, claims, and/or accidents on your record. While it’s easier to be insured with a broad-market company, it often costs a lot more as well.


Car Insurance

Have an insurance question?

Our insurance agents are ready to help you, for free.

Ask your question, it’s 100% free
Recommended
Thousands of customers saved on average $887/year on their car insurance with Jerry
This app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍
user
Gabriella R.
Find savings (100% Free)
stars
4.6/5 Rating on App Store
logos
logos
logos