How To Find Classic Car Insurance in Arizona
Classic car insurance is cheaper than regular auto insurance—but where can you find the best quotes in Arizona? We’ve got you covered.
Written by R.E. Fulton
Reviewed by Kathleen Flear
Classic cars need specialized insurance with a higher level of physical damage protection. Classic car owners in Arizona typically pay about 40% less for collector insurance.
Not sure where to begin looking for
classic car insurance
in Phoenix or Tucson? We’ve got you covered: we’ll go over the best companies, take a look at average costs, and get into the nitty-gritty about how classic car insurance
works in Arizona. Compare insurance quotes from 50+ carriers with Jerry in under 45 seconds (Title in payload)
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These classic car insurance agencies specialize in policies for antique cars and collectible vehicles, making them a first choice among classic vehicle owners. But you can also get classic car insurance quotes from standard car insurance companies. For instance,
GEICO
writes classic car policies through American Modern. Progressive’s
classic car insurance policies come through Hagerty, while USAA
is partnered with American Collectors. The average cost of classic car insurance in Arizona
Because every classic car is unique, it’s even harder to give price estimates for this highly specialized auto insurance coverage. But one thing’s clear: it’s almost always cheaper than standard auto insurance.
The average classic car insurance policy costs between $400 and $1,000 per year. While that leaves a lot of room for variation—and your classic policy could cost more than that—you’ll generally see a lower rate on your collector vehicle than you would on a daily driver.
How much less? It depends on a lot of factors, including which company you buy your classic auto insurance policy from:
- Grundy: usually 50%+ less than a standard auto policy
- American Collectors: up to 40% less than a standard auto policy
- Hagerty: up to 36% less than a standard auto policy
- Heacock Classic: up to 40% less than a standard auto policy
How does car insurance work for classic cars?
What makes classic car insurance so much cheaper—and when do you need it?
Simply put, classic car insurance is a specialized coverage option that addresses the unique insurance needs of collector vehicles. That includes vintage cars, hot rods, muscle cars, antique military vehicles, and other rare vehicles at least 25 years old. Because these vehicles are worth more than your average vehicle but are driven less often, they need additional physical damage insurance at a lower rate.
You can purchase classic car insurance as an endorsement for a standard auto insurance policy or as a standalone policy. A basic classic car insurance policy will include the same required
liability insurance
as a regular auto insurance policy. But you’ll also have higher levels of collision coverage
and comprehensive coverage
, along with special coverage options like spare parts or original replacement parts coverage. In most cases, your classic car insurance policy will be what’s called an agreed value policy. This means that at the start of your policy, you and your insurer will agree on the total value of your vehicle—and that amount won’t be subject to depreciation. In the case of a total loss, the insurance company will pay you that full amount, minus any applicable deductible.
Agreed value coverage is a major advantage over stated value coverage, which will only pay out for the
actual cash value
of the car (typically less than the agreed value). Be sure you understand which type of coverage you’re buying before you accept any classic auto insurance quotes. What cars are eligible for collector car insurance in Arizona?
Individual insurance companies will set their own eligibility requirements for classic or collector car insurance, but in general, there are two requirements:
- The car must be at least 25 model years old or a rare replica or exotic car (e.g. Alfa Romeo or Aston Martin)
- Only used for car shows, parades, etc. and stored in a locked garage the rest of the time
In Arizona, any car or motorcycle with a date of manufacture at least 25 years old is eligible for historic vehicle plates. But not every vehicle that meets that benchmark is a good candidate for classic car insurance. For instance, a 1997 Honda Civic technically qualifies as a historic vehicle, but if you’re using it to commute and run errands instead of taking part in car shows, it’s not really a collector vehicle.
MORE: 11 classic cars for every budget
Classic car insurance requirements in Arizona
Although classic car insurance includes a lot of the same coverage you’d have with a regular auto policy, it also comes with special requirements and restrictions.
- Restoration: In order to get an antique car insurance policy for your vehicle, it must be restored, maintained, and preserved in its original condition. Remember, the point of classic insurance is to protect a high-value vehicle!
- Annual mileage limitations: Because classic car insurance is for vehicles that aren’t in regular use, most companies put a cap on the number of miles you can drive—usually well below 10,000 miles per year.
- Secondary car: Along those lines, many companies require classic car owners to show proof that they have a daily driver for regular transportation.
- Storage: You’ll need to show that your classic car is stored in a secure location like a locked garage.
Benefits of having classic car insurance
Despite those limitations, having a classic car insurance policy can give you peace of mind if you own a rare and valuable vehicle. Not only can you get agreed value coverage that isn’t subject to depreciation, but the customization available for classic car policies give you access to desirable benefits like flatbed towing, 24/7 roadside assistance, and spare parts coverage.
Are classic cars cheaper to insure?
Classic cars are almost always cheaper to insure than regular cars for one simple reason: because they’re on the road less often, they pose less of a risk to insurance agencies.
But a number of factors can impact the cost of your classic insurance. For instance, the higher the age and agreed or stated value of your vehicle, the more it will cost to insure. You’ll also pay more for a policy with higher mileage caps or a ton of custom coverages. Finally—as with any car insurance policy—
your own driving record
can impact the cost of coverage, even if you’re only driving to and from car shows. The best way to keep your classic car insurance costs low is to compare quotes from a number of insurance companies. You can find quotes by calling insurance agents directly or by using a
trusted quote comparison tool
. “Jerryis an awesome tool to find rates personalized to your specific needs! I’m literally still sitting at the dealership and already finalized my new insurance so I can drive my new car off the lot.” —Charity R.
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