Not all vehicles age 25 and older qualify for this program. Antique automobile insurance is designed for collectors’ vehicles that are completely restored and in “show” condition. There are three types of automobile insurance available. Actual Cash Value (ACV), Stated Value, and Agreed Value. The most common is ACV. These vehicles are insured for purchased or book value and will be depreciated in the event of a claim. Stated value is used to insure collectible cars because it allows you to “state” the value of your car as higher than the purchased or book value. But stated value can still depreciate cars because companies will only pay “up to” the “stated” value. Only Agreed Value insurance absolutely guarantees you will get all of your money back in the event of a total loss.
Application, photos of the vehicle, and proof of regular use insurance must be submitted for underwriting approval prior to issuing a policy.
Street Rod and Modified policies are also available.