must meet the state’s basic insurance requirements for bodily injury liability and property damage liability. Although it’s not mandated by law, uninsured/underinsured motorist coverage is also a good idea.

A classic car’s a different beast from your daily drive, so it stands to reason it needs specialty

car insurance

. You don’t drive it as often, maintenance costs can be higher, and the vehicle itself is probably worth a lot more than your average car.

Classic car insurance can meet your vehicle’s unique needs and offer you a host of added benefits, like flexible deductible options and coverage for spare parts and memorabilia!

What is classic car insurance?

In general,

classic car insurance

covers the same things that a regular auto insurance policy does, but it’s tailored to the needs of a classic or antique car. Classic car insurance also tends to come with special limitations, like mileage caps.

What is a classic or antique car?

A classic car is any vehicle 10 to 24 years old that has historic interest.

For insurance purposes, a “classic car” that’s 25 or more years old is considered an antique car.

What makes classic car insurance different?

One major difference between classic car insurance and regular auto insurance is the price—classic car insurance is generally less expensive than the kind of policy you’d want on your daily drive.

Your rate depends on the

value of your car

, and since each classic car is unique, prices can vary depending on the specific vehicle.

Because there’s no set value for classic cars, your first step will be to reach an agreement with your insurer about your vehicle’s value.

There are a few other factors that separate classic car insurance from regular auto insurance:

Limited use: Classic car insurance is designed for cars that are used for infrequent pleasure driving, parades, exhibitions, etc. Your insurer will set an annual mileage cap on your policy.

Condition: Your classic car must be restored, maintained, and preserved in its original condition (unless it’s undergoing active restoration).

Storage: You’ll be required to have secure storage for your classic car, such as a locked garage.

MORE:

Insurance depreciation: everything you need to know

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Indiana classic car insurance

In Indiana, any vehicle that’s at least 25 years old and owned as a collector’s item, leisure pursuit, or investment can be registered as a collector vehicle. Collector cars may be registered in Indiana with a historic license plate.

When you first

you must complete a Collector Vehicle Affidavit—State Form 56166.

Although Indiana does not have specific minimum requirements for classic car coverage, state law requires all drivers to purchase

minimum liability coverage

as follows:

Bodily injury liability coverage: $25,000 per person / $50,000 per accident

Property damage liability coverage: $25,000

Recommended, but not legally required coverage for a classic car in Indiana includes:

Uninsured motorist

bodily injury coverage: $25,000 per person / $50,000 per accident

Uninsured motorist property damage coverage: $25,000

What impacts the cost of classic car insurance in Indiana?

Two of the biggest factors in determining the cost of classic car insurance are the agreed value of your car and your

driving record

Other factors that can play a significant role in the cost of your policy include:

Model year

Mileage—the more you drive, the higher your premium will be

Customization—flatbed towing,

roadside assistance

, and spare parts coverage will increase your premium

MORE:

Why car insurance is so expensive, explained

Benefits of classic car insurance

Because of the unique value and use of a classic car, regular insurance won’t protect it against damage or loss.

Any car whose value exceeds its original sale price might be eligible for specialized classic car insurance.

Here are some of the benefits of getting classic car insurance:

Higher coverage limits (often up to $500,000)

Claims handling from fellow car enthusiasts

Roadside assistance using only flatbed tow trucks

Discounts for additional security features (like alarms, VIN etching, and GPS tracking)

Potential discounts on approved collector car club memberships

Do I need classic car insurance?

If you have any of the following types of vehicles, you likely need specialty coverage:

Antique and 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

The exact coverage you need for your classic car will depend on the type of car you own and what you need to protect it.

Here are some common coverages for classic cars:

Coverage	Description
Comprehensive	Covers damage that isn’t the result of a collision, such as from severe weather or vandalism.
Collision	Covers damages resulting from a collision with another vehicle or stationary object.
Uninsured/underinsured motorist	Covers damages if you’re involved in an accident with a driver who doesn’t have auto insurance.
Agreed value coverage	If you’re in a covered accident and your classic car is a total loss, you’ll receive the full agreed-upon value (minus your deductible) without any deduction for depreciation.
Flexible mileage	Tired mileage plans give you the flexibility to customize your policy based on how much you actually drive your classic car.
Roadside assistance	Coverage for tire changes, towing, and other incidental expenses that aren’t part of a typical auto insurance policy.
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

If you’re looking for affordable classic car insurance for your collector’s vehicle in Indiana, download the

Jerry

app. As a

licensed insurance broker

, Jerry will compare rates from 50+ leading insurance providers and find the coverage that fits your car’s unique needs at a price that works for your budget.

You’re an expert on your classic car, and Jerry is the expert on car insurance! With the app, you’ll get end-to-end support throughout the comparison shopping process. Jerry will fill out your paperwork, cancel your old policy, and do all the legwork to get your classic car covered in style!

“
Jerry
had a super simple app that was easy to navigate. And their terrific customer service made everything even easier. Plus I saved $700 in a single year.” —Lucia M.

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