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Next, we’ll take an in-depth look at each classic car manufacturer and give you details on their reputation, coverage extensions and more.

#1 Grundy Classic Car Insurance

Availablity: 50 states
year of creation: 1947
Headquarter: Horsham, Pa.

Grundy Insurance is a great choice for classic cars that are rapidly increasing in appreciation. The car insurance provider guarantees 100% of the value of the vehicle in a covered total loss scenario and allows policyholders to reassess the agreed value of their car if necessary.

Grundy boasts an accredited A+ rating from the Better Business Bureau (BBB), indicating the company’s commitment to resolving customer complaints and issues. The insurer offers the standard types of auto insurance coverage – Bodily Injury Liability, Property Damage Liability, Collision, Full Coverage, Bodily Injury Protection, Medical Payments and Uninsured/Underinsured Motorist.

The classic auto insurer also offers replacement parts coverage up to $500, trip interruption coverage up to $600, and towing and labor coverage up to $250.

#2 Hagerty Classic Car Insurance

Availablity: Some coverage options may not be available in all states
year of creation: 1984
Headquarter: Traverse City, Mich.

Hagerty Insurance offers more than just a classic car insurance policy. The insurer also provides vehicle specialists to assist you with any repair or replacement process and a top-notch community for car enthusiasts. Hagerty insures old vehicles from 1979 and before.

In addition to the standard types of car insurance, Hagerty offers coverage for spare parts, trip interruptions, tools, and roadside assistance. Drivers can join the Hagerty Drivers Club®a membership service that offers several automotive discounts, roadside assistance, events for automotive enthusiasts and more.

Progressive classic car insurance

Hagerty has an A+ rating from BBB, although it is not accredited. However, the insurer is backed by Progressive. Rather than selling its own conventional car insurance, Progressive offers policies through Hagerty. This can bring peace of mind to drivers looking for a company with additional financial stability, and it can also be beneficial for drivers who want to bundle their classic car insurance with coverage for other vehicles through Progressive.

#3 American Collectors Insurance

Availablity: 50 states
year of creation: 1976
Headquarter: Cherry Hill, New Jersey

For classic cars, American Collectors Insurance offers agreed value coverage, vehicle restoration coverage, replacement parts coverage, and auto coverage for newly acquired vehicles.

The auto insurer also has a unique protection program called Collectors Auto Reimbursement Endorsement (CARE). This tiered plan offers roadside assistance, auto show reimbursement, theft reward, cosmetic damage reimbursement and more, depending on the level of coverage purchased.

American Collectors Insurance holds an A rating with accreditation from the BBBas well as a particularly high rating of 4.9 stars for customer satisfaction on Trustpilot.

USAA classic car insurance

American Collectors Insurance is sold through USAA, one of the nation’s most reputable auto insurance companies, and underwritten by American Bankers Insurance Company of Florida, Reliable American Insurance Company and American Security Insurance Company. Each of these insurers has an “A” rating from AM Best, which means they have a strong ability to meet customer claims obligations.

#4 American Modern Classic Car Insurance

Availablity: 50 states
year of creation: 1965
Headquarter: Cincinnati

American Modern offers several protections included alongside the six standard insurance coverages, such as:

  • Agreed settlement of impairment: Reimburses the agreed amount for a classic vehicle in the event of total loss
  • Spare parts: Covers lost or stolen replacement parts up to $2,000
  • Towing: Pays up to $75 per event
  • Trip interruption: Covers up to $150 for accommodation and other expenses if you are more than 80 km from home
  • Animals: Covers up to $750 in pet medical expenses if a pet is injured in a collision
  • New purchase: Covers any new classic vehicle (valued up to $50,000) for 30 days before a new policy takes effect

The insurer’s additional coverages include roadside assistance, window protection and out-of-country transportation. American Modern doesn’t have BBB or Trustpilot ratings, but according to other review sites, its customer experience ratings are mixed. Although the company may be a specialty insurer, it may not be the best option for customers looking for exceptional customer service.

Geico classic car insurance

Like American Collectors, American Modern Insurance is sold through a larger auto insurer – in this case, Geico. Geico is respected in the industry with a A++ rating by AM Best. This means you can get quotes for standard and classic car insurance through Geico.

#5 Heacock Classic Insurance

Availablity: 48 states (not available in Alaska or Hawaii)
year of creation: 1989
Headquarter: Lakeland, Florida.

Heacock Classic Insurance is a great option for drivers looking for a five star customer experience. Although the company is not rated on the BBB, it holds a rating of 4.9 out of 5.0 on Trustpilot. Customers frequently praise the agents of the classic car insurer and their personalized service.

Heacock is underwritten by American Modern Insurance. When it comes to its coverage options, Heacock offers all types of standard car insurance and includes roadside assistance at no additional cost with any car insurance policy. Replacement parts coverage (up to $2,000) and agreed value coverage are also included.

The insurer does not require any professional assessment before offering coverage. The agreed value of a vehicle is decided between Heacock and the car owner.

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