why you need classic car Insurance

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Some of the classic cars we help find coverage for:

Belair
Mustang
Beetle
911 Porsche
Corvette
Packard

REQUIRED BY LAW:

Michigan mandates that all drivers purchase two classic car insurance coverages.

LIABILITY PROTECTION: 

Shield yourself from liability for injuries, property damage, and lawsuits.

YOUR MEDICAL EXPENSES:

Ensure coverage for medical expenses for you and your passengers in case of an accident.

PROTECTION FOR YOUR CLASSIC CAR:

The two required coverages in Michigan do not provide protection for damage or replacement of your classic car.  To ensure coverage for your classic car, Collision and Comprehensive coverages are needed.

Michigan Law Requires You to Purchase Two Classic Car Coverages:

Bodily Injury Liability(BI):

This coverage pays for the medical expenses of others if you’re at fault in an accident involving your classic car.  BI coverage also extends to passengers in the other vehicles, pedestrians, or cyclists who may be injured. BI includes compensation for medical costs, pain and suffering, and lost wages for the injured parties.

However, BI does not cover injuries to you or your passengers.  Injuries resulting from an accident are covered under your optional medical coverage. 

Personal Damage Liability (PD): 

This coverage pays for the costs of repairing or replacing another person’s damaged property in an accident where you are found at fault.  PD covers repairs to their vehicles, buildings, and other damaged property.  

However, PD does not cover damage to your classic car.  To cover damages and repairs to your classic car, you need to purchase optional Collision and Comprehensive Coverages.

Optional Classic Car Insurance Coverages:

Collision Coverage:

Helps cover the cost of repairing or replacing your classic car after an accident, regardless of fault. This insurance typically provides coverage up to an agreed value between you and your insurance company.

Example: While driving through your neighborhood, a deer suddenly darts across the road, causing you to swerve and hit a lamp post. Your classic car sustains $1,000 in damage.   With a $250 collision deductible, you’ll pay that amount, and your insurance company will cover the remaining $750.

Comprehensive Coverage:

Protects against non-collision events that are out of your control, such as theft, fire, vandalism and more. This insurance typically guarantees coverage up to an agreed value between you and your insurance company.

Example: Your classic car sustains $2,000 of damage from a sudden hailstorm while parked outside at a car show. With a $250 deductible, you’ll pay that amount to repair your classic car and the insurance company will cover the remaining $1,750.

Medical Coverage:                                

Covers injuries sustained by you or your passengers, regardless of fault.                      

Example: You lost control of your classic car and crashed, resulting in injuries to both you and your passenger that necessitated medical care.

Roadside Assistance Coverage:

Classic car insurers provide programs that offer services such as flatbed towing with soft straps to the nearest repair facility, winching, battery jump-start, fuel delivery, lockouts, and flat tire changes.

Example: If you are physically unable to change a flat tire. You can call your insurer to arrange for a tow.

Potential Savings to Explore:

Insurance discounts can differ depending on the insurance provider you select.  It is important to note that not all carriers offer the same discounts.

Policyholder Savings:

Multi-Classic Car Discount:  Receive a reduced rate for adding two or more classic vehicles to your policy. 

Flexi-Bundle™ & Save:

Flexi-Bundle™ Discount:  Combine up to four insurance products and select from up to four insurance carriers.

Frequently Asked Questions

You have two payment options:

Option 1:  Click the Carrier tab, scroll to locate your carrier. Most carriers accept online payments via check, credit card, or ACH.  Click on your carrier’s name and proceed to make your payment.

Option 2:  Click the Customer Center tab. Scroll down to find the Input1 icon. Input1 offers digital payment options, including ApplePay and eWallet.  Click on the Input1 icon, log in, and make your payment. 

Report The Claim by Phone:

  • Click on the Carrier tab.
  • Locate your insurance carrier.
  • Use the carrier’s claims phone number to report the claim.

Report The Claim Online:

  • Click on the Carrier tab.
  • Use the carrier’s claims website link to report the claim online.

Here are some things to consider when deciding whether to file a claim:

  • Was anyone injured in the accident?
  • Did you cause damage to someone else’s property or vehicle?
  • Is your classic car unsafe to drive?
  • Do the damages exceed your deductible?
  • Is the issue related to maintenance or normal wear-and-tear?

If you answered yes to one or more of these questions, it’s advisable to consider filing a claim. If you have further questions about the claims process, don’t hesitate to contact your insurance carrier directly.

Step 1: Document the Scene

  • Take photos of the damage to all vehicles involved.
  • Capture the positions of the vehicles.
  • Photograph the license plates of the other vehicles.

Step 2: Exchange Information

  • Share insurance details with other drivers and note any passengers.
  • Contact the police to assist with information exchange and file a police report.
  • Try not to apologize or make statements that could be construed as admitting fault.

Step 3: Collect Additional Information

  • Make note of the accident location.
  • Make note of the towing company if your Classic Car requires towing.

Step 4: Notify Your Insurance Carrier

A deductible is the amount of money you must pay out of pocket for covered expenses before your insurance coverage begins to apply.

For example, if your classic car insurance collision deductible is $250 and you incur $1,000 in damages, the insurance company will pay the repair shop $750, and you would be responsible for paying your $250 deductible.

Classic Car liability coverage limits in Michigan apply to Bodily Injury (BI), Property Damage (PD.

They are typically written out as three numbers like 25/50/25. Here’s what they mean:

  • $25,000 limit per person for Bodily Injury in an accident
  • $50,000 total limit per accident for Bodily Injury
  • $25,000 limit per accident for Property Damage

Absolutely. We use secure encryption technology to keep your personal information safe. When it comes to your application, we never pull your data without your approval first. We will also never sell your data to any third party…ever.

Yes, we suggest obtaining an estimate before initiating a claim.  Once you have your estimate, please give us a call to discuss your options. We’ll also review your policy with you to determine if your estimate exceeds your deductible.

We offer insurance solutions for all your personal needs like auto, home, life, health & more. We also offer products for all your business needs, like liability, property, trucks & more. We don’t stop there! We also offer a wide array of car care and safety & security products.

If you have questions, you can call, text, email, or live chat with a real expert at Insurish who is standing by to help. No matter how you contact us, we will get back to you immediately. For help, click the Contact Us tab.

There are a few factors that can help determine if your car would be considered a classic car.

In general, your collector vehicle should be:

  • At least 25 model years older
  • A new exotic car, such as an Aston Martin, Lotus, Alfa Romeo, etc.
  • A new replica car, like a 1966 Batmobile
  • A classic military vehicle, hearse, fire truck, etc.

Additionally, your vehicle must be used only for exhibitions, club activities, and occasional pleasure/leisure (not primary transportation). It must also be stored in a fully enclosed and locked structure.

If your car qualifies as a classic, you need classic car insurance to make sure your vehicle is covered for an agreed value rather than for actual cash value or depreciated value.

Here’s a few tips to help you get the right coverage for your classic car.

  • Explain you have a classic car when getting a car insurance quote to help make sure you get the coverage you need.
  • Be prepared to prove age, pleasure use status, garage housing, and other typical elements of care associated with a classic car.
  • Consider separating your regular car insurance from your classic policy for more affordable rates. Classic car insurance coverage assumes you have another vehicle, since few classic cars are used as the primary driving vehicle. Limited driving results in reduced risk.
  • Verify that your car is in fact a vintage model. (Older does not necessarily mean it’s a vintage model. It must have been built in 1979 or before.)

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Please Note:

At Insurish, we provide general information on insurance products to help you grasp their different aspects. It’s important to note that this information isn’t an insurance policy and doesn’t pertain to any specific carrier’s policy. It doesn’t alter any provisions, limitations, or exclusions expressly stated in an insurance policy. Descriptions of coverages, discounts, and features are concise. For a comprehensive understanding of specific policy details, we recommend reading the applicable policy and consulting an Insurish agent. Coverages and features vary by insurer and state and may not be available in all states. Coverage for accidents or losses depends on the terms and conditions of the actual insurance policy. References to premiums, losses, deductibles, and costs are illustrative and may not apply to your circumstances. Insurish is not liable for the content of third-party sites linked from this page.