Classic Car Insurance in Nevada
Nevada classic car insurance applies to cars that are more than 10 years old and have historic value. Coverage must meet the state’s minimum requirements.
Written by Nick Kunze
Reviewed by Kathleen Flear
Nevada
drivers with a vehicle that is more than 10 years old and considered historically significant can protect it with classic car insurance. The coverage must meet or exceed state minimums, including liability insurance and uninsured motorist coverage.While it offers many of the same coverages, getting classic car insurance is different from insuring your primary vehicle. Classic cars are made of outdated parts, which can make repairs pricey.
Classic cars must also adhere to specific mileage and storage requirements, so classic car insurance is usually cheaper than regular
car insurance
. Confused about how to insure your classic car? Insurance broker
Jerry
has compiled a guide with everything you need to know about Nevada classic car insurance.What is classic car insurance?
Classic car insurance is a unique coverage specifically for classic or antique cars. While it offers many of the same protections as normal insurance policies, it includes additional coverage that is useful for older vehicles.
What is a classic or antique car?
A classic car is more than 10 years old and has historical value.
An antique car is over 25 years old and has historical value. Antique cars may be handled differently by insurance carriers.
What makes classic car insurance different?
Even though classic cars are usually pricier to fix due to their rare parts, classic car insurance is less expensive than a regular car insurance policy.
This is in large part due to the parameters a car needs to meet to be eligible for classic car insurance. These qualifications include:
- Low usage: You’ll have a set mileage you are allowed to drive your classic car each year. Some policies also require the car only be used for parades and car shows.
- Storage: Your classic car must be stored in a secure garage or enclosure.
- Condition: Your classic car needs to be kept in mint condition. It also must stay true to the original model—no high-tech replacements or modern conveniences allowed.
You and your insurance provider will also need to agree on the car’s value. Most classic cars are unique and do not have an obvious market value. The agreed value will affect your premium costs and claim limits.
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Nevada classic car insurance
To get either historical or vintage plates with the Nevada DMV, the car needs to be older than 30 years and driven less than 5,000 miles per year. That said, your car does not need a classic car license plate to get classic car insurance.
In Nevada, classic cars must meet the state’s insurance minimum. Your classic car must be covered with at least:
- $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 Nevada?
The cost of your classic car insurance will be based on the vehicle’s agreed value. This agreed value will affect your premiums and claims payouts and is determined by a few factors:
- Model year
- Historical significance
- Rarity
- Total mileage
- General condition
Your driving record will also impact the cost of your classic car insurance. In fact, drivers with spotty driving records may be denied a classic car insurance policy. Since the policies are cheap and the payouts are potentially huge, insurers don’t want to take a chance on a high-risk driver.
Benefits of classic car insurance
Classic car insurance is a must if you’ve got an old, rare car. As long as you qualify, it provides better payouts for a lower price.
Some of the benefits include:
- Rates up to 70% less than a normal policy
- Coverage limits up to $500,000
- Personalized policies with bonus coverages available for memorabilia or spare parts
- Claims handling by fellow classic car enthusiasts
- Flexible deductible options
It’s important to note that if the car’s value exceeds its purchase price, it may be considered a collectible. This would make your car a candidate for a specialized form of classic car insurance.
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 |
|---|---|
If your car is waterlogged by extreme weather or tagged by graffitists, you can claim the damage through comprehensive coverage. | |
Any damage caused by a single or multi-car collision can be claimed under collision coverage. | |
This covers damages if you’re involved in an accident with a driver who does not have car insurance. | |
Agreed value coverage | If your classic car is wrecked after an accident, you’ll receive the full agreed-upon value (minus your deductible). No depreciation! |
Flexible mileage | Tiered mileage plans allow you to choose how much you’ll actually drive your classic car. |
Coverage for when you and your car need help on the road. | |
Spare parts | Add coverage for loss or damages to classic spare parts—even ones that are expensive or hard to find. |
Finding cheap car insurance for your classic car
Even though classic car insurance is less expensive, you’ll still want to find a way to lower your bill. Thankfully,
Jerry
can help you find the perfect policy at a low price.Jerry is a super app that helps you save time and money on all your car-related expenses, including insurance. Sign-up takes less than a minute and Jerry will compare quotes from dozens of insurance companies to find the best deal on the coverage you need.
Once you’re ready to switch, Jerry will handle the paperwork and even help you cancel your old policy.
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“I signed up for a new policy withJerry's help. I ended up saving $236 a month after my switch. Thank you Jerry!” —Adelaide C.
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