At what point should I get classic insurance for my car?

When is the right time to upgrade the insurance on my classic car? I am almost done restoring my 1958 Cadillac Eldorado and I am thinking it may be time to change my coverage. I initially added it to my State Farm policy for liability-only coverage while it was getting worked on.

Answer provided by
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Shannon Martin
Answered on Jul 12, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“The best course of action at this point is to get in touch with your State Farm agent.
State Farm has a solid reputation when it comes to insuring classic and antique cars, so it should be a smooth transition. They can help you determine if the car is in a good enough condition for appraisal or if you should wait until the work is completed.
Other than being in good to excellent condition, there are a few other requirements cars need to meet to qualify for classic car insurance, such as:
  • The vehicle must be at least 25 years old.
  • It can not be your daily driver. You must insure at least one other vehicle furnished for your everyday use.
  • It must be stored in a secure and enclosed space.
  • It can not be used for racing.
  • Some insurance carriers have mileage limits that can not be exceeded.”
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