On average, classic car coverage
is much lower
than a standard insurance policy. However, this is based on several factors that will not apply to everyone.
The Stingray is an amazing car, but from an insurance perspective, a young driver under the age of 25 in a fast muscle car is one of the highest risks out there. If you can find an insurance company to provide coverage, the cost will be very high.
Some classic cars have a value
as low as $5,000, so the cost to insure them is incredibly low. Your Stingray may have a value well above the $100,000
mark, and this would impact the policy rate.
Make sure to get as many comparison quotes as possible to find the best rate. As you get older and maintain a good driving record, the cost of the policy will come down.”