Classic Car Insurance in Nebraska
Nebraska classic car insurance is available for cars more than 10 years old with historic value. It must include liability and uninsured motorist coverage.
Written by Nick Kunze
Reviewed by Kathleen Flear
In
Nebraska
, a car must be more than 10 years old and have some historic value to be considered a classic car. Classic car insurance in the state must include 25/50/25 liability insurance plus uninsured motorist coverage.Insuring a classic car is a different beast than insuring your primary vehicle. Classic cars have rare parts and can be extremely expensive to repair. But they’re driven infrequently and less likely to be involved in a claim.
Many insurance companies sell specialty classic
car insurance
to insure these vehicles. To help you understand what goes into insuring a classic car in Nebraska, the car super app Jerry
is breaking everything down.What is classic car insurance?
Classic car insurance is a unique type of insurance coverage specifically for classic or antique cars. It offers many of the same coverages as traditional car insurance but has rules and guidelines specific to classic cars.
What is a classic or antique car?
To be considered a classic car, a vehicle must be more than 10 years old and have historic value.
An antique car is more than 25 years old. This distinction may affect your insurance costs or policy type.
What makes classic car insurance different?
Classic cars can be expensive to fix, as their repairs require unique parts that can be hard to find. Despite this, classic car insurance is actually less expensive than traditional car insurance coverage.
To qualify for classic car insurance, your vehicle must meet the following requirements:
- Driven under a certain annual mileage limit
- Securely stored in a covered garage or facility
- Kept in mint condition
Some insurers also require the car to be true to its original model. An 80s Mustang with a new stereo system might not qualify, for example.
Some policies also only apply to vehicles used in parades and car shows, meaning you can’t take yours out for a Sunday drive.
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Nebraska classic car insurance
According to the Nebraska DMV, a classic car is “a vehicle originally manufactured more than 30 years prior to application for title that has not had any major component part replaced.” That said, a car does not need classic car registration to be eligible for classic car insurance.
All cars (even classic ones) in Nebraska must have at least the state’s mandated insurance minimums:
- $50,000 of bodily injury liability coverage per accident
- $25,000 of property damageliability coverage
- $50,000 of uninsured/underinsured motorist coverage per accident
What impacts the cost of classic car insurance in Nebraska?
Due to the limited usage of a classic car, policies are almost always cheaper than a regular car insurance policy.
One factor that impacts the cost is the car’s agreed value. Since classic cars are unique, there isn’t a
blue book value
to rely on. Instead, you and your chosen insurance company will need to agree on your classic car’s value based on its model year, total mileage, rarity, and other factors.Your driving history and personal demographics will also affect your costs. Drivers considered high-risk may be denied classic car insurance. Since the potential payouts are so high, insurers don’t want to risk a claim from a driver with a spotty record.
Benefits of classic car insurance
There are many benefits to getting classic car insurance. Here are a few of the key ones:
- Rates are 40% to 70% lower than a standard car insurance policy
- Very high coverage limits—which can mean huge payouts after a claim
- Flexible annual mileage limits, so you can customize your policy for your needs
- Claims handled by fellow car enthusiasts
- Roadside assistance with flatbed tow trucks to protect your car from further damage
- Unique discounts for car club members
If the value of your car exceeds the original asking price, your car may be considered a collectible. This could change your policy type.
Do I need classic car insurance?
If you have any of the following, you likely need specialty coverage:
- Antique & classic cars
- Vintage boats
- Modern collector vehicles
- Modified vehicles
- Classic trucks and utility vehicles
- Motorsports vehicles
- Vintage motorcycles and scooters
- Retired commercial vehicles
- Collector trailers
- Vehicles under construction
- Classic military vehicles
- Antique tractors
Coverage options for classic car insurance
Here are the possible coverages you could get with your classic car insurance:
Coverage | Description |
|---|---|
Comprehensive insurance will protect you from a wide variety of unexpected issues, like theft and fire damage. | |
If you’re in a collision with another car or an immobile object, collision insurance will help pay for your repairs. | |
This covers damages if you’re in an accident with a driver who doesn’t have enough insurance to pay for your repairs. | |
Agreed value coverage | If your car is totaled, you’ll be paid the full agreed-upon value, not a depreciated total. |
Flexible mileage | You can customize your policy based on how much you actually drive your classic car. This will impact your rates. |
Covers you for tire changes, tows, and incidental expenses associated with your car breaking down. | |
Spare parts | You can cover your car’s replacement parts, which can be pricey and hard to find. |
Finding cheap car insurance for your classic car
If you’re searching for the cheapest rates for your classic car insurance, the insurance comparison and broker app
Jerry
can help!Jerry is a super app that helps you save time and money on all your car-related expenses. Jerry can scour dozens of car insurance companies to find you the best rates for the coverage you need. And when you’re ready to switch, Jerry will take care of the paperwork and even help cancel your old policy.
The average Jerry user saves almost $900 per year on insurance!
"A seamless process and a fantastic app!Jerrysaved me over $2000 on car insurance. I would recommend it to anyone and everyone.” —Osvaldo B.
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