Does my car need classic insurance?

Should I have a classic car policy instead of a standard policy? My current car is over 25 years old and in OK condition. It drives well and I would like to have it fully insured, but my insurance agent said it wouldn't be worth adding full coverage.

Answer provided by
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.
“Great question!
While age is an important factor in determining if classic car coverage is right for you, it is not the only thing you need to consider.
The point of classic car coverage is to provide physical damage protection to older vehicles that have been restored and have a high value. If the car was totaled out in a claim without this coverage, the owner would only receive the actual cash value.
If your car is in excellent condition and has an appraisal value higher than $3,500, classic car insurance may be a good option.
If your car is your daily driver and just happens to be 25 years old, standard insurance is the right choice.”

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