Agreed Value Coverage
Unlike standard auto policies, we lock in your vehicle’s value upfront. If your collector car is totaled, you receive the full agreed amount no depreciation, no surprises.
Lower Premiums
Specialty insurance is typically 40–60% cheaper than standard auto coverage because classic and collector vehicles are driven less and cared for more.
Flexible Usage
Coverage for car shows, club events, parades, occasional pleasure driving, and even limited commuting. Protect your passion vehicle wherever you drive it.
Specialty Vehicle Insurance Facts
Types of Specialty Vehicles We Cover
Specialized protection for your unique automotive investments
Classic & Antique Cars
MOST POPULARVehicles 25+ years old that are maintained or restored to original condition. From vintage Mustangs to pre-war classics, we protect automotive history.
- ✓ Agreed value coverage with no depreciation
- ✓ Coverage for original and period-correct parts
- ✓ Show and event coverage included
- ✓ Spare parts and memorabilia protection
- ✓ Flexible mileage limitations
- ✓ Lower premiums than modern cars
Exotic & Luxury Vehicles
HIGH-VALUESupercars, hypercars, and ultra-luxury vehicles like Ferraris, Lamborghinis, McLarens, and Bentleys. Specialized coverage for extraordinary automobiles.
- ✓ Agreed value up to millions of dollars
- ✓ Track day and racing event coverage available
- ✓ Worldwide coverage options
- ✓ Exotic parts replacement guaranteed
- ✓ Factory-certified repair facility network
- ✓ Diminished value coverage included
Modified & Custom Vehicles
SPECIALIZEDHot rods, resto-mods, and custom builds with aftermarket parts, engine swaps, and modifications. Coverage that recognizes your investment in customization.
- ✓ Full coverage for custom modifications
- ✓ Agreed value includes upgrade costs
- ✓ Performance parts fully covered
- ✓ Custom paint and bodywork protection
- ✓ Engine and drivetrain mods included
- ✓ Show car and display coverage
Collector & Investment Vehicles
APPRECIATING ASSETSRare, limited production, or investment-grade vehicles that appreciate over time. Coverage that grows with your vehicle’s increasing value.
- ✓ Annual value appreciation reviews
- ✓ Coverage increases with market value
- ✓ Guaranteed original parts replacement
- ✓ Collector car authentication coverage
- ✓ Trailer and transport coverage
- ✓ Storage facility requirements flexible
Why Choose Specialty Vehicle Insurance?
Superior coverage designed specifically for collector and enthusiast vehicles
Agreed Value – Not Actual Cash Value
Standard policies depreciate your vehicle annually. We agree on your car’s value upfront and pay the full amount if totaled – no depreciation surprises.
Significantly Lower Premiums
Classic and collector cars are driven less, stored better, and maintained more carefully. Expect to pay 40-60% less than standard auto insurance.
No Mileage Penalties
Reasonable annual mileage limits (typically 2,500-5,000 miles) with options for unlimited mileage. Enjoy your vehicle without worrying about odometer restrictions.
Spare Parts & Tools Coverage
Protection extends beyond the vehicle to spare parts, tools, manuals, memorabilia, and related equipment. Your entire collection is protected.
Specialized Repair Networks
Access to restoration specialists, factory-certified shops, and craftsmen who understand classic and exotic vehicles. No generic body shops.
Flexible Usage Options
Coverage for shows, club events, parades, pleasure driving, and even limited commuting. Some policies even cover track days and racing events.
Additional Coverage Options
Track Day & Racing Coverage
Optional coverage for HPDE events, time trials, and amateur racing. Protect your investment even when pushing it to the limits on the track.
Trailer & Transportation
Coverage for your vehicle while being transported on trailers, in enclosed haulers, or during shipping. Includes the trailer itself up to stated limits.
Restoration in Progress
Specialized coverage for vehicles undergoing restoration. Protects your investment even when the car isn’t driveable or complete.
Worldwide Coverage
Take your specialty vehicle anywhere in the world. Coverage extends internationally for tours, shows, and events abroad.
Diminished Value
Even after perfect repairs, accident history reduces resale value. Diminished value coverage compensates for this market value loss.
Spare Parts & Memorabilia
Coverage for your collection of spare parts, original components, tools, manuals, and vehicle-related collectibles and memorabilia.
Why Specialty Vehicle Insurance Beats Standard Policies
No Depreciation Surprises
Standard policies depreciate your classic car annually like any used vehicle. Specialty insurance recognizes that collector cars maintain or increase in value over time.
Expert Claims Adjusters
Claims are handled by adjusters who understand classic and exotic vehicles. They know the difference between a numbers-matching ’67 Corvette and a restomod.
Restoration Shop Network
Access to vetted restoration specialists and exotic car repair facilities. Your vehicle goes to experts, not generic chain body shops.
Original Parts Replacement
Policies specify original or period-correct parts, not aftermarket substitutes. Maintains authenticity and value of your collector vehicle.
Multi-Car Discounts
Insure your entire collection with increasing discounts for each additional vehicle. Many collectors pay less for 5 classics than 1 daily driver.
Club & Organization Benefits
Additional discounts available through recognized car clubs, marque-specific organizations, and collector car associations.
Common Specialty Vehicle Insurance Questions
Everything you need to know about insuring your collector and exotic cars
What qualifies as a specialty vehicle? +
Vehicles typically 25+ years old, limited production models, exotic supercars, custom builds, or vehicles maintained primarily as collectibles qualify. The car must be in good or excellent condition, properly stored, and not used as a daily driver.
Examples include classic muscle cars, vintage European sports cars, pre-war automobiles, exotic supercars like Ferraris and Lamborghinis, custom hot rods, and rare limited-production vehicles.
How much does specialty vehicle insurance cost? +
Specialty vehicle insurance is typically 40-60% cheaper than standard auto insurance. For a $50,000 classic car, expect $300-800 annually versus $1,500-2,500 for standard coverage. Exact costs depend on agreed value, driving record, storage, and usage.
Multi-car discounts significantly reduce costs. Many collectors insure 3-5 vehicles for less than one daily driver.
What is agreed value coverage? +
Agreed value means you and the insurer agree upfront on your vehicle’s value. If the car is totaled, you receive the full agreed amount without depreciation deductions. This contrasts with actual cash value policies that depreciate annually.
The agreed value is established through appraisals, recent sales data, and market comparisons. Most policies allow annual value updates to reflect appreciation.
Are there mileage restrictions? +
Most specialty policies have annual mileage limits between 2,500-7,500 miles, though some offer unlimited mileage. These limits are reasonable for collector cars driven to shows, events, and occasional pleasure drives.
If you exceed agreed mileage, you won’t lose coverage, but you may pay additional premiums. Many insurers offer mileage upgrades.
Can I daily drive my specialty vehicle? +
Most specialty policies prohibit using the insured vehicle as primary transportation. You typically need a separate daily driver. However, occasional pleasure driving, errands, and limited commuting are usually permitted within mileage limits.
Some insurers offer “occasional use” policies allowing limited regular driving. Discuss this upfront to ensure proper coverage without violating policy terms.
Do I need special storage for my vehicle? +
Most policies require secure storage in a locked garage or storage facility when not in use. Some high-value vehicles may require climate-controlled storage or alarm systems. Street parking is typically prohibited.
Storage requirements vary by insurer and vehicle value. A $30,000 classic may only need a home garage, while a $500,000 exotic might require enclosed climate-controlled storage with security systems.
Are modifications and custom parts covered? +
Yes, modifications and custom parts are covered when disclosed and included in the agreed value. Engine swaps, custom paint, performance upgrades, and aftermarket parts are all coverable with proper documentation.
Document all modifications with receipts, photos, and appraisals. The agreed value should reflect the cost of customization.
Does specialty insurance cover track days or racing? +
Standard specialty policies typically exclude racing and competition use. However, many insurers offer optional track day coverage or specialized racing policies for HPDE events, time trials, and amateur racing.
Track coverage is available as an add-on or separate policy. Costs vary based on experience, vehicle value, and track type. Always verify coverage before track use.