Having a classic car can be a bit of trouble, but I bet your car enthusiasts take on the risk to keep your precious safe.
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Best Classic Car Insurance
This is probably why you are jumping from site to site, trying to find the best insurance company for your classic car. Fortunate for you, we took some time ahead and found the top 5 classic car insurers for you to read about and decide which one is the best.
1- Grundy insurance
Grundy insurance company is an American-based insurance company that has expanded to cover more than classic and antique cars. Its headquarters is located in Horsham, Pennsylvania, and it has been providing car enthusiasts’ insurance needs since 1955.
Grundy insurance company guarantees 100% of the vehicle’s value back to their customers in a covered accident that resulted in a total loss, and allows policyholders to reevaluate their car’s agreed value as needed.
Grundy holds an A+ rating from the Better Business Bureau (BBB), highlighting this company’s dedication to resolving customer issues. Grundy has excellent classic car insurance reviews and a 4.7 rating on Trustpilot.
If you want to know more about Grundy insurance, check out our article on
2- Hagerty insurance
Hagerty is an American automotive lifestyle with products and programs with unique experiences that you can also have by only being a member of this fantastic insurance company. Hagerty is the world’s largest insurance provider for classic vehicles.
Hagerty’s headquarters is located in Traverse City, Michigan, and it is active in Canada, Germany, and the United Kingdom. Hagerty has been in business since1984, and now its Drivers Club has over 620,000 members.
For a true car enthusiast, Hagerty can be the best experience; just by looking at the excellent car insurance reviews, you can tell. It has received an A+ rating from the BBB, and it scored 4.5 stars on Trustpilot.
An interesting fact about Hagerty is that Progressive insurance company uses Hagerty to insure classic cars, so if you want to have a policy with them, you will get the same benefits and perks, no matter which company you choose.
If you want to know more about Hagerty insurance and the Drivers Club, you can check our article on
3- State Farm
State Farm is an American-based insurance provider with 100 years of A++ (financial strength rating) service. It was founded in 1922, and its headquarters is located in Bloomington, Illinois.
You may get a lifestyle with Hagerty, but State Farm is the most reliable classic and regular car insurance provider so far. State Farm scored A++ from A.M. Best, a 4.5 out of 5 stars in our review of the top car insurance companies in the market, and on top of all that, it ranked well in J.D. Power’s 2020 U.S.
Auto Claims Satisfaction Study. State Farm has 24/7 available customer service, a wide range of coverage options, and different discounts that you can take advantage of.
4- Safeco insurance
Safeco insurance company was founded in 1923 headquartered in downtown Seattle, Washington. Safeco Insurance sells personal and classic auto insurance products. Safeco’s parent company is Liberty Mutual, which is considered an insurance giant; in fact, Liberty Mutual is the sixth-largest auto insurance seller.
Safeco has two mileage options:
- Regular use: You can drive your classic car up to 10,000 miles a year, which means up to 27 miles a day on average with no other restrictions. It’s a perfect option if you want to use our car as your daily driver or take it on many road trips.
- Limited use: You are allowed to drive your classic car up to 5,000 miles a year.
The biggest disbenefit to Safeco is the restrictions. The restrictions are not only for mileage, but Safeco only covers classic cars that are at least ten years old, had limited production, and antique vehicles at least 25 years old.
5- GEICO insurance
The Government Employees Insurance Company, commonly known as GEICO, is an American-based auto insurance company headquartered in Chevy Chase, Maryland. GEICO was founded 86 years ago in 1936, and it is the second-largest auto insurer company in the United States, after State Farm.
This company has excellent financial stability and received an A++ (Superior financial strength rating) from A.M Best. GEICO is also ranked second in the United States for customer and claims satisfaction.
GEICO offers flexible plans designed to fit classic car owners’ preferences. This insurance company also provides owners with an “inflation guard,” which basically guarantees that the insurance rate won’t dramatically go up if the car’s price grows in the future.
Customers can sit back with the peace of mind that this insurance company is strong enough to honor a payout in any circumstances.
Final Thought
Please evaluate the company you choose, don’t go to them just because they are cheaper. Look carefully at customer satisfaction ratings, financial strength, and claims process.
