{"id":11833,"date":"2024-01-02T17:17:41","date_gmt":"2024-01-03T00:17:41","guid":{"rendered":"https:\/\/blog2.neighbor.com\/storage-blog\/?p=11833"},"modified":"2024-01-29T14:56:30","modified_gmt":"2024-01-29T21:56:30","slug":"how-much-is-classic-car-insurance","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/how-much-is-classic-car-insurance\/","title":{"rendered":"How Much Is Classic Car Insurance?\u00a0"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p class=\"wp-block-paragraph\">Anytime you purchase a car, and the negotiating is done, the thought of insurance can quickly bring a few seconds of panic. You know it needs to be insured, but<strong> pricing is always a problem<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&rsquo;re wondering about the <strong>cost of classic car insurance<\/strong> and <strong><em>whether or not your vehicle is eligible<\/em><\/strong>, we have all the data and pricing you need.&nbsp;<\/p>\n\n\n\n<h2 id=\"classic-car-insurance-rates\" class=\"wp-block-heading\">Classic Car Insurance Rates<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With annual rates typically<strong> ranging from $200 to $1000<\/strong>, the <strong>cost of classic car insurance tends to be significantly more affordable than regular car insurance<\/strong>. The main reason behind the difference in cost is the unique nature of classic cars and their usage.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These classic vehicles are <strong>not used as daily drivers<\/strong> and often spend most of their time safely <a href=\"https:\/\/www.neighbor.com\/storage-blog\/classic-car-storage\/\">stored away<\/a>, reducing the risk of accidents and theft. In addition, people are more likely to take good care of their classic cars than the other cars they own.&nbsp;<\/p>\n\n\n\n<html><body><div id=\"in_post\">\n    <div class=\"control\">\r\n\t\t<a href=\"https:\/\/www.neighbor.com\/search?can_store_vehicle=true&amp;overrideTitle=Car%20Storage&amp;storing=Vehicle\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'first in post', version: '2.2'}, () =&gt; { console.log('track call'); });\">\r\n\t\t  <div class=\"first-in-post-cta\">\r\n\t\t    <header>\r\n\t\t      <h2 id=\"how-neighbor-is-changing-car-storage\">How Neighbor is changing car storage<\/h2>\r\n\t\t    <\/header>\r\n\t\t    <section>\r\n\t\t      <div class=\"service-option\">\r\n\t\t        <div class=\"service-option-icon\">\r\n\t\t          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n\t\t            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.125 9.375C11.0539 9.375 9.375 11.0539 9.375 13.125V46.875C9.375 48.9461 11.0539 50.625 13.125 50.625H46.875C48.9461 50.625 50.625 48.9461 50.625 46.875V13.125C50.625 11.0539 48.9461 9.375 46.875 9.375H13.125ZM28.125 16.875C28.125 15.8395 28.9645 15 30 15C31.0355 15 31.875 15.8395 31.875 16.875V20.625H35.625C36.6605 20.625 37.5 21.4645 37.5 22.5C37.5 23.5355 36.6605 24.375 35.625 24.375H26.25C25.2145 24.375 24.375 25.2145 24.375 26.25C24.375 27.2855 25.2145 28.125 26.25 28.125H33.75C36.8566 28.125 39.375 30.6434 39.375 33.75C39.375 36.8566 36.8566 39.375 33.75 39.375H31.875V43.125C31.875 44.1605 31.0355 45 30 45C28.9645 45 28.125 44.1605 28.125 43.125V39.375H22.5C21.4645 39.375 20.625 38.5355 20.625 37.5C20.625 36.4645 21.4645 35.625 22.5 35.625H33.75C34.7855 35.625 35.625 34.7855 35.625 33.75C35.625 32.7145 34.7855 31.875 33.75 31.875H26.25C23.1434 31.875 20.625 29.3566 20.625 26.25C20.625 23.1434 23.1434 20.625 26.25 20.625H28.125V16.875Z\" fill=\"#005EB8\"><\/path>\r\n\t\t          <\/svg>\r\n\t\t        <\/div>\r\n\t\t        <h3 id=\"transparent-monthly-savings\">Transparent monthly savings<\/h3>\r\n\t\t        <p>Renters save 30-50% on car storage, on average. No rate hikes.<\/p>\r\n\t\t      <\/div>\r\n\t\t      <div class=\"service-option\">\r\n\t\t        <div class=\"service-option-icon\">\r\n\t\t          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n\t\t\t\t\t\t\t<path d=\"M23.5226 35.6271C22.4882 35.58 21.6115 36.3805 21.5644 37.415C21.5174 38.4495 22.3179 39.3262 23.3524 39.3732L33.6649 39.8419C34.6993 39.889 35.576 39.0885 35.6231 38.054C35.6701 37.0196 34.8696 36.1428 33.8351 36.0958L23.5226 35.6271Z\" fill=\"#005EB8\"><\/path>\r\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M8.06284 46.7257L4.92731 46.3338C2.11239 45.9819 0 43.589 0 40.7522V35.7872C0 31.5616 3.48915 28.1702 7.71303 28.2903L7.81335 28.2931L15.0402 22.6234C18.2515 20.104 22.2671 18.834 26.3432 19.0485L35.2251 19.516C37.8612 19.6547 40.3166 20.8983 41.9882 22.9414L47.9327 30.2068L52.8988 31.4484C57.0722 32.4917 60 36.2416 60 40.5434V41.2501C60 44.3567 57.4816 46.8751 54.375 46.8751H49.9935C48.9402 49.0923 46.6804 50.6251 44.0625 50.6251C41.4446 50.6251 39.1848 49.0923 38.1315 46.8751H19.9935C18.9402 49.0923 16.6804 50.6251 14.0625 50.6251C11.3862 50.6251 9.08411 49.0231 8.06284 46.7257ZM17.3549 25.5738C19.8526 23.6143 22.9758 22.6264 26.1461 22.7933L28.125 22.8975V29.1746L13.5795 28.5357L17.3549 25.5738ZM31.875 29.3394V23.0948L35.028 23.2608C36.6096 23.344 38.0829 24.0902 39.0859 25.316L42.7692 29.818L31.875 29.3394ZM8.36976 32.0604L46.6037 33.74L51.9893 35.0864C54.4933 35.7124 56.25 37.9623 56.25 40.5434V41.2501C56.25 42.2857 55.4105 43.1251 54.375 43.1251H50.5585C50.1036 39.9448 47.3686 37.5001 44.0625 37.5001C40.7564 37.5001 38.0214 39.9448 37.5665 43.1251H20.5585C20.1036 39.9448 17.3686 37.5001 14.0625 37.5001C10.8387 37.5001 8.15775 39.8248 7.6046 42.8892L5.39244 42.6127C4.45413 42.4954 3.75 41.6978 3.75 40.7522V39.3751H5.625C6.66053 39.3751 7.5 38.5357 7.5 37.5001C7.5 36.4646 6.66053 35.6251 5.625 35.6251H3.75344C3.83995 33.5884 5.54887 31.9803 7.60652 32.0387L8.36976 32.0604ZM11.25 44.0626C11.25 42.5093 12.5092 41.2501 14.0625 41.2501C15.6158 41.2501 16.875 42.5093 16.875 44.0626C16.875 45.6159 15.6158 46.8751 14.0625 46.8751C12.5092 46.8751 11.25 45.6159 11.25 44.0626ZM44.0625 46.8751C42.5092 46.8751 41.25 45.6159 41.25 44.0626C41.25 42.5093 42.5092 41.2501 44.0625 41.2501C45.6158 41.2501 46.875 42.5093 46.875 44.0626C46.875 45.6159 45.6158 46.8751 44.0625 46.8751Z\" fill=\"#005EB8\"><\/path>\r\n\t\t\t\t\t\t\t<\/svg>\r\n\t\t        <\/div>\r\n\t\t        <h3 id=\"keep-your-car-nearby\">Keep your car nearby<\/h3>\r\n\t\t        <p>Find trusted car storage just minutes from where you live.<\/p>\r\n\t\t      <\/div>\r\n\t\t      <div class=\"service-option\">\r\n\t\t        <div class=\"service-option-icon\">\r\n\t\t          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n\t\t            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M30 7.5C25.5499 7.5 21.1998 8.8196 17.4997 11.2919C13.7996 13.7643 10.9157 17.2783 9.21272 21.3896C7.50975 25.501 7.06417 30.025 7.93234 34.3895C8.80051 38.7541 10.9434 42.7632 14.0901 45.9099C17.2368 49.0566 21.2459 51.1995 25.6105 52.0677C29.975 52.9358 34.4991 52.4903 38.6104 50.7873C42.7217 49.0843 46.2357 46.2004 48.7081 42.5003C51.1804 38.8002 52.5 34.4501 52.5 30C52.5 24.0326 50.1295 18.3097 45.9099 14.0901C41.6903 9.87053 35.9674 7.5 30 7.5ZM41.5295 26.7545C42.7193 25.5646 42.7193 23.6354 41.5295 22.4455C40.3396 21.2556 38.4104 21.2556 37.2205 22.4455L26.7061 32.96L22.7795 29.0334C21.5896 27.8435 19.6604 27.8435 18.4705 29.0334C17.2807 30.2232 17.2807 32.1524 18.4705 33.3423L24.5516 39.4234C25.123 39.9948 25.898 40.3158 26.7061 40.3158C27.5142 40.3158 28.2891 39.9948 28.8605 39.4234L41.5295 26.7545Z\" fill=\"#005EB8\"><\/path>\r\n\t\t          <\/svg>\r\n\t\t        <\/div>\r\n\t\t        <h3 id=\"storage-made-simple\">Storage made simple<\/h3>\r\n\t\t        <p>Don't settle for stone age tech and long contracts. Neighbor makes it easy.<\/p>\r\n\t\t      <\/div>\r\n\t\t    <\/section>\r\n\t\t    <footer>\r\n\t\t      <button>Search nearby car storage <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"24\" viewbox=\"0 0 25 24\" fill=\"none\">\r\n\t\t          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11 2.90625C9.4981 2.90625 8.02993 3.35162 6.78114 4.18603C5.53236 5.02044 4.55905 6.20642 3.98429 7.594C3.40954 8.98157 3.25916 10.5084 3.55217 11.9815C3.84517 13.4545 4.56841 14.8076 5.63041 15.8696C6.69242 16.9316 8.04549 17.6548 9.51854 17.9478C10.9916 18.2408 12.5184 18.0905 13.906 17.5157C14.4508 17.29 14.9646 17.0029 15.4382 16.6618L19.5132 20.7368C19.9892 21.2127 20.7608 21.2127 21.2368 20.7368C21.7127 20.2608 21.7127 19.4892 21.2368 19.0132L17.1618 14.9382C17.2137 14.8661 17.2645 14.793 17.314 14.7189C18.1484 13.4701 18.5938 12.0019 18.5938 10.5C18.5938 8.48601 17.7937 6.55451 16.3696 5.13041C14.9455 3.7063 13.014 2.90625 11 2.90625ZM14.7493 14.0398C14.9463 13.8311 15.1264 13.6054 15.2873 13.3647C15.8538 12.5167 16.1562 11.5198 16.1562 10.5C16.1562 9.13248 15.613 7.82096 14.646 6.85398C13.679 5.887 12.3675 5.34375 11 5.34375C9.98019 5.34375 8.98328 5.64616 8.13534 6.21273C7.2874 6.77931 6.62651 7.58461 6.23625 8.52679C5.84599 9.46897 5.74387 10.5057 5.94283 11.5059C6.14178 12.5061 6.63287 13.4249 7.35398 14.146C8.0751 14.8671 8.99385 15.3582 9.99407 15.5572C10.9943 15.7561 12.031 15.654 12.9732 15.2638C13.5557 15.0225 14.086 14.6777 14.5398 14.2493C14.5699 14.2108 14.6028 14.1737 14.6382 14.1382C14.6737 14.1028 14.7108 14.0699 14.7493 14.0398Z\" fill=\"#EFF5F8\"><\/path>\r\n\t\t        <\/svg>\r\n\t\t      <\/button>\r\n\t\t    <\/footer>\r\n\t\t  <\/div>\r\n\t\t<\/a>\r\n\t<\/div>\n  <\/div><\/body><\/html><h2 id=\"factors-influencing-classic-auto-insurance-rates\" class=\"wp-block-heading\">Factors Influencing Classic Auto Insurance Rates<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">It&rsquo;s important to note, however, that actual rates can vary widely based on multiple factors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some of the factors that must be incorporated into the total cost of the premium.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The driver&rsquo;s location<\/strong><\/li>\n\n\n\n<li><strong>Driving history<\/strong><\/li>\n\n\n\n<li><strong>The vehicle&rsquo;s value<\/strong><\/li>\n\n\n\n<li><strong>Age and driving records of the drivers<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Car Classification<\/strong><\/td><td><strong>Description<\/strong><\/td><td><strong>Average Annual Premium&nbsp;<\/strong><\/td><\/tr><tr><td>Premium Classic<\/td><td>Rare, high-value vehicles, often limited editions or with historical significance.<\/td><td>$1,000 &ndash; $3,000<\/td><\/tr><tr><td>Mid-Range Classic<\/td><td>These are common classic models in good condition, popular among collectors but not exceptionally rare.<\/td><td>$500 &ndash; $1,000<\/td><\/tr><tr><td>Average Classic<\/td><td>Older vehicles that qualify as classics but are more common and have lower market values.<\/td><td>$300 &ndash; $600<\/td><\/tr><tr><td>Project Classic<\/td><td>Classics that are in the process of restoration or not in mint condition.<\/td><td>$200 &ndash; $500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"classic-car-insurance-policy-vs-traditional-car-insurance\" class=\"wp-block-heading\">Classic Car Insurance Policy vs. Traditional Car Insurance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The policy you purchase for your classic car lends different coverage than that of a traditional car insurance policy. This table outlines what classic car insurance offers classic car owners.&nbsp; <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em><strong>Remember<\/strong><\/em> that the <strong>valuation of classic cars can be a little difficult to navigate<\/strong> and is usually an agreed-upon value between the insurance company and the car owner.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Coverage Type<\/td><td>Classic Car Insurance<\/td><td>Traditional Car Insurance<\/td><\/tr><tr><td>Comprehensive<\/td><td>Typically agreed-upon value coverage, without depreciation in the event of a total loss.<\/td><td>Pays for damage from non-collision incidents but factors in depreciation.<\/td><\/tr><tr><td>Collision<\/td><td>Can be more expensive because of the higher agreed-upon value and specialty cost to repair.&nbsp;<\/td><td>Covers damages from collisions but considers the car&rsquo;s current market value.<\/td><\/tr><tr><td>Liability<\/td><td>Similar coverage options as traditional policies.<\/td><td>Standard liability coverage for bodily injury and property damage.<\/td><\/tr><tr><td>Windshields &amp; Glass<\/td><td>Often included; some policies offer no-deductible glass coverage.<\/td><td>Usually included, but may require a deductible.<\/td><\/tr><tr><td>Roadside Assistance<\/td><td>Specialized for classic cars, including flatbed towing to prevent damage.<\/td><td>Standard roadside assistance.<\/td><\/tr><tr><td>Usage Restrictions<\/td><td>Mileage limits or restrictions on daily use.<\/td><td>Generally no restrictions on usage.<\/td><\/tr><tr><td>Storage Requirements<\/td><td>May require secure, possibly climate-controlled storage.<\/td><td>No specific storage requirements.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<html><body><div id=\"2_in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/search?can_store_vehicle=true&amp;overrideTitle=Car%20Storage&amp;storing=Vehicle\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'second in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"second-in-post-cta\">\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <h2 id=\"save-up-to-1200-year-on-car-storage\">Save up to $1,200\/year on car storage<\/h2>\r\n        <button>Search in your area\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"24\" viewbox=\"0 0 25 24\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11 2.90625C9.4981 2.90625 8.02993 3.35162 6.78114 4.18603C5.53236 5.02044 4.55905 6.20642 3.98429 7.594C3.40954 8.98157 3.25916 10.5084 3.55217 11.9815C3.84517 13.4545 4.56841 14.8076 5.63041 15.8696C6.69242 16.9316 8.04549 17.6548 9.51854 17.9478C10.9916 18.2408 12.5184 18.0905 13.906 17.5157C14.4508 17.29 14.9646 17.0029 15.4382 16.6618L19.5132 20.7368C19.9892 21.2127 20.7608 21.2127 21.2368 20.7368C21.7127 20.2608 21.7127 19.4892 21.2368 19.0132L17.1618 14.9382C17.2137 14.8661 17.2645 14.793 17.314 14.7189C18.1484 13.4701 18.5938 12.0019 18.5938 10.5C18.5938 8.48601 17.7937 6.55451 16.3696 5.13041C14.9455 3.7063 13.014 2.90625 11 2.90625ZM14.7493 14.0398C14.9463 13.8311 15.1264 13.6054 15.2873 13.3647C15.8538 12.5167 16.1562 11.5198 16.1562 10.5C16.1562 9.13248 15.613 7.82096 14.646 6.85398C13.679 5.887 12.3675 5.34375 11 5.34375C9.98019 5.34375 8.98328 5.64616 8.13534 6.21273C7.2874 6.77931 6.62651 7.58461 6.23625 8.52679C5.84599 9.46897 5.74387 10.5057 5.94283 11.5059C6.14178 12.5061 6.63287 13.4249 7.35398 14.146C8.0751 14.8671 8.99385 15.3582 9.99407 15.5572C10.9943 15.7561 12.031 15.654 12.9732 15.2638C13.5557 15.0225 14.086 14.6777 14.5398 14.2493C14.5699 14.2108 14.6028 14.1737 14.6382 14.1382C14.6737 14.1028 14.7108 14.0699 14.7493 14.0398Z\" fill=\"#EFF5F8\"><\/path>\r\n          <\/svg>\r\n        <\/button>\r\n      <\/div>\r\n    <\/section>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h2 id=\"saving-money-on-classic-car-insurance\" class=\"wp-block-heading\">Saving Money on Classic Car Insurance&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">There are several ways to maximize savings on these policies. These include taking advantage of discounts and deals offered by insurance companies, as well as customizing coverage to fit individual needs and budgets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Insurance providers for classic cars generally provide a discount of <strong>15-20% on comprehensive coverage<\/strong> when anti-theft devices are installed in the vehicle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bundling your classic car insurance with your other insurance policies can also be a great way to be eligible for discounts.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Image Credit: <a href=\"https:\/\/pixabay.com\/photos\/auto-car-garage-auto-shop-vintage-1868726\/\" target=\"_blank\">Pixabay&nbsp;<\/a><\/p>\n\n\n\n<h2 id=\"classic-cars-eligibility-and-premiums\" class=\"wp-block-heading\"><strong>Classic Cars Eligibility and Premiums<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Specialty insurance, such as classic car insurance, is designed for vehicles with historical significance stemming from their age or unique features. It differs from regular car insurance in a few key ways.&nbsp;<\/p>\n\n\n\n<h3 id=\"age-matters-antique-vs-vintage-vs-classic\" class=\"wp-block-heading\">Age Matters: Antique vs. Vintage vs. Classic<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.neighbor.com\/storage-blog\/vintage-vs-antique-vs-classic\/\">distinctions between antique, vintage, and classic cars<\/a> are important because they often determine a car&rsquo;s eligibility for classic car insurance. Here are the definitions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Antique cars:<\/strong> 25 years or older according to classic car insurance policies<\/li>\n\n\n\n<li><strong>Vintage cars<\/strong>: This term typically refers to <a href=\"https:\/\/www.neighbor.com\/storage-blog\/classic-car-brands\/\">cars that were manufactured <\/a>between 1919 and 1930<\/li>\n\n\n\n<li><strong>Classic cars<\/strong>: Defined by the Classic Car Club of America as a &lsquo;Fine&rsquo; or &lsquo;Distinctive&rsquo; automobile, American or foreign-built, produced only between 1915 and 1948<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These definitions are important to know when determining the insurance coverage for your car.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the context of classic car insurance, a car is generally <a href=\"https:\/\/www.neighbor.com\/storage-blog\/how-old-car-to-be-considered-a-classic\/\">deemed to be vintage <\/a><strong><a href=\"https:\/\/www.neighbor.com\/storage-blog\/how-old-car-to-be-considered-a-classic\/\">if it has reached the age of 25 years or more<\/a>.<\/strong> These classifications help insurance companies establish guidelines for coverage and impact the overall cost of insuring these vehicles.<\/p>\n\n\n\n<h3 id=\"collectors-pride-insuring-collectible-cars-and-muscle-cars\" class=\"wp-block-heading\">Collector&rsquo;s Pride: Insuring Collectible Cars and Muscle Cars<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Aside from antique, vintage, and classic cars, collectible cars and <a href=\"https:\/\/www.neighbor.com\/storage-blog\/best-muscle-cars-of-all-time\/\">muscle cars<\/a> also often qualify for collector car insurance as well as classic car insurance cover.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.neighbor.com\/storage-blog\/future-collectible-cars\/\">Collectible cars<\/a><\/strong> are typically defined as vehicles over <strong>10 to 15 years old<\/strong> or cars with historical or collectible significance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Muscle cars, on the other hand, are defined by their powerful engine, make and model, horsepower, number of cylinders, and size and weight.&nbsp;<\/p>\n\n\n\n<h3 id=\"time-spent-on-road-and-mileage\" class=\"wp-block-heading\">Time Spent on Road and Mileage<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Classic cars spend reduced time on the road. Since they are not everyday drivers, the chance of an accident is considerably lower. In fact, some classic cars just travel to <a href=\"https:\/\/www.neighbor.com\/storage-blog\/the-top-10-best-classic-car-shows-in-america\/\">car shows and events.&nbsp;<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, many classic car policies will restrict how many miles you can put on your car year after year. Most policies have a 7500-mile-per-year limit, but some can be even less.&nbsp;<\/p>\n\n\n\n<h3 id=\"storage-and-security\" class=\"wp-block-heading\">Storage and Security&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Insurance costs also hinge on your adherence to <strong>proper storage and security measures<\/strong> for classic cars. Insurance companies typically recommend storing classic cars in an <a href=\"https:\/\/www.neighbor.com\/storage-blog\/is-owning-a-classic-car-without-garage-possible\/\">enclosed, secure structure<\/a> like a garage, carport, or storage unit when not in use. Storing your classic car in a locked garage can offer enhanced protection and potentially result in lower insurance rates.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fail to do so, and you might have to pay the price in higher insurance fees. <\/p>\n\n\n\n<h2 id=\"summary\" class=\"wp-block-heading\"><strong>Summary<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Remember that having good insurance is not enough if you don&rsquo;t store your vehicle in an enclosed place to protect it from moisture and snow.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you aren&rsquo;t planning on using your<strong> restored classic car <\/strong>as a daily driver, you may lack space in your own garage for the restored vehicle. Consider renting a residential garage or a <a href=\"https:\/\/www.neighbor.com\/storage-blog\/can-you-park-a-car-in-a-storage-unit\/\">storage unit<\/a> in a climate-controlled facility. That way, your classic vehicle will remain protected from extreme weather conditions and theft, which is a high risk due to its <a href=\"https:\/\/www.neighbor.com\/storage-blog\/complete-guide-on-classic-car-values\/\">value<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.neighbor.com\/car-storage-near-me\">Neighbor is a peer-to-peer storage marketplace<\/a> that provides safe, nearby, and budget-friendly indoor and climate-controlled storage spaces for your classic car. Owning classic and collector cars means you need a great place to store them.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 id=\"frequently-asked-questions\" class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<h3 id=\"are-classic-cars-more-expensive-to-insure\" class=\"wp-block-heading\">Are Classic Cars More Expensive to Insure?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Classic cars are less costly to insure as most classic car insurance companies limit the mileage and usage of the vehicle. This, in turn, decreases the risk of a car accident or damage to the vehicle.&nbsp;<\/p>\n\n\n\n<h3 id=\"are-classic-cars-more-expensive-to-insure-2\" class=\"wp-block-heading\">Are Classic Cars More Expensive to Insure?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A classic car can be insured as a daily driver, but you will not reap the benefits of lower classic car insurance costs. The pricing will be considerably higher, and incidents like collisions may not be covered.&nbsp;<\/p>\n\n\n\n<h3 id=\"is-full-coverage-worth-it-on-classic-cars\" class=\"wp-block-heading\">Is Full Coverage Worth It on Classic Cars?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Full coverage on classic cars is typically worth it because classic car insurance covers the <a href=\"https:\/\/www.neighbor.com\/storage-blog\/classic-cars-that-will-increase-in-value\/\">vehicle up to an agreed value,<\/a> which is important for maintaining or increasing its value over time. Regular car insurance may not offer as much coverage.<\/p>\n\n\n\n<h3 id=\"how-does-car-insurance-work-for-classic-cars\" class=\"wp-block-heading\">How Does Car Insurance Work for Classic Cars?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Classic car insurance typically works by offering coverage for an agreed value or actual cash value, with the owner and insurer determining the vehicle&rsquo;s worth and insuring it accordingly. This coverage may include liability, comprehensive, collision, and other specialized coverages to protect the collectible vehicle.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"Anytime you purchase a car, and the negotiating is done, the thought of insurance can quickly bring a&hellip;\n","protected":false},"author":34,"featured_media":11834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[195],"tags":[],"class_list":["post-11833","post","type-post","status-publish","format-standard","has-post-thumbnail","category-classic-cars","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - 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