Specialty Car Insurance

If you're looking around for the best specialty car insurance companies, we can help by giving you a few examples. Always keep in mind that specialty car insurance will cost more than standard coverage.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP® Joel Ohman

UPDATED: Jun 1, 2022

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Here's what you need to know...

  • Some companies refer to specialty car insurance as classic or collector car insurance
  • Insurance companies will pay out an agreed value instead of the market value with specialty insurance plans
  • Some specialty insurance companies require policyholders to store their vehicles in a locked garage

Specialty car insurance provides more coverage than a standard policy. It’s a type of agreed-value car insurance where insurance companies will pay a pre-agreed amount instead of the market value if the vehicle gets totaled.

Specialty auto sales require this policy type, and the most common vehicle types with specialty coverage are classic and exotic cars. You may also want to carry specialty insurance if you drive a sports car or motorcycle. 

You can expect to pay higher rates for specialty insurance because these vehicles are often irreplaceable and more expensive to repair. However, you can still find affordable car insurance rates when you shop around. Read this guide to compare the top five specialty car insurance companies and learn more about your policy options.

Looking to buy specialty car insurance? Compare online specialty car insurance rates with multiple specialty auto sales insurance companies by entering your ZIP code now.

Do I need specialty car insurance?

It’s difficult to determine the value of certain vehicles like imported autos and customized kit cars. The market value won’t reflect the vehicle’s actual worth if it’s totaled in an accident, so a standard car insurance policy doesn’t protect your investment.

You need to carry specialty auto insurance if you drive any of the following:

  • Antique or classic cars
  • Kit cars
  • Exotic or foreign/imported vehicles
  • Motorcycles or scooters
  • Motorsport or racing vehicles

Sports cars and supercars, also require specialty endorsements to cover these vehicles’ high repair costs and replacement parts. For example, you would pay more for Lamborghini car insurance than you would a standard car of the same size, simply because the Lamborghini costs more to upkeep. Some insurers may exclude them from your policy, and if you don’t carry the right car insurance type, your company may deny your claim.

You must shop for specialty coverage to ensure you’re adequately covered, even if you only drive the vehicle for car shows or races. Fortunately, specialty car insurance companies allow drivers to customize their policies with coverage options that fit their unique vehicles.

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What are the best specialty car insurance companies?

Many popular car insurance companies offer specialty policies, including GEICO and Progressive. However, since specialty car insurance rates are more expensive, it’s essential to shop around and compare quotes from multiple companies before buying.

Keep reading to learn more about these five companies and where you can find the most affordable specialty car insurance quotes.

GEICO Specialty Car Insurance

GEICO provides classic car insurance for collector, exotic, and classic vehicles. Policies carry liability, collision, and comprehensive options, and drivers can choose to add personal injury and uninsured motorist protection.

Perks of a GEICO policy include low deductibles and up to $500 in spare parts coverage. However, drivers cannot use the specialty car as their primary vehicle, and GEICO requires policyholders to store the insured vehicles in a garage.

Grundy Specialty Car Insurance

Grundy Worldwide Insurance specializes in coverage for classic, exotic, and otherwise unique vehicles. It offers individualized policy options to cover many collector cars, including horseless carriages and steam-powered vehicles.

Grundy is your best choice for specialty coverage if you own a vintage vehicle. Policies come with low deductibles and $500 in spare parts coverage, but Grundy also offers the following:

  • Towing and roadside assistance up to $250
  • Unlimited mileage
  • Your choice of repair shop

However, you must have a clean driving record to apply for a Grundy specialty car insurance policy. Grundy will not accept drivers with DUIs or more than two moving violations.

Hagerty Specialty Car Insurance

Hagerty’s specialty insurance provides liability, full coverage, roadside assistance, spare parts, and trip interruption coverage. However, only vehicles from 1980 or newer are eligible for coverage.

Hagerty won’t cover vintage vehicles or models before 1980, but it’s a competitive company for sports car insurance. For example, if you drive a newer model Corvette or Mustang, you can become a Hagerty Driver’s Club member and earn discount rates. 

Heacock Specialty Car Insurance

Like Grundy, Heacock collector car insurance policies extend coverage to all makes and models of specialty vehicles, including classic, modern, tribute, and replica vehicles. Heacock also offers up to $2,000 in spare parts coverage, more than any other company on this list. 

Heacock offers discounts to drivers who insure more than one collector auto, and the company doesn’t require an appraiser when determining the agreed-upon value for your policy. Unfortunately, coverage isn’t available in Alaska or Hawaii.

USAA Specialty Car Insurance

USAA offers specialty coverage for new and vintage collector cars, including vintage military and farm equipment. Racing vehicles aren’t covered, and you must store your vehicle in a locked garage to qualify for USAA specialty insurance.

Like most specialty car insurance companies, USAA limits annual mileage to 2,000, 5,000, or 7,500 miles. If you drive your vehicle more than that, you’ll want an insurer with unlimited mileage.

GEICO, Grundy, and USAA are available in all 50 states, but, as noted in our USAA car insurance review, USAA only provides military members and their families coverage.

How much does specialty car insurance cost?

Your specialty car insurance rates depend on the vehicle you’re insuring. Older vehicles, collector cars, and supercars will have higher rates due to the high cost of repairs and replacement parts.

Take a look at the table below to see how much classic car insurance costs in your state.

Average Annual Classic Car Insurance Rates by State
StateFull Coverage Annual RatesComprehensive Annual RatesCollision Annual RatesLiability Annual Rates
Alabama$521.09$93.79$190.78$236.53
Alaska$616.65$82.36$210.49$323.81
Arizona$583.71$111.67$166.78$305.26
Arkansas$543.80$114.25$193.08$236.48
California$592.05$60.32$237.93$293.80
Colorado$588.98$104.77$172.20$312.02
Connecticut$690.64$78.97$221.11$390.56
Delaware$744.34$73.49$191.26$479.58
District of Columbia$798.44$139.94$281.20$377.29
Florida$754.28$69.92$169.78$514.58
Georgia$629.04$95.51$199.10$334.43
Hawaii$523.97$60.94$187.90$275.12
Idaho$407.93$69.93$131.43$206.57
Illinois$530.74$76.88$185.83$268.03
Indiana$453.02$73.24$150.17$229.61
Iowa$421.48$110.12$131.85$179.51
Kansas$517.76$144.82$158$214.94
Kentucky$563.11$84.83$160.75$317.53
Louisiana$843.22$129.10$248.62$465.50
Maine$422.29$62.99$155.99$203.32
Maryland$669.87$91.63$212.39$365.84
Massachusetts$677.57$80.98$232.97$363.62
Michigan$818.40$92.91$248.30$477.19
Minnesota$525.29$110.56$140.64$274.09
Mississippi$596.43$126.20$193.93$276.30
Missouri$523.46$108.76$165.17$249.53
Montana$518.11$127.15$159.19$231.77
Nebraska$498.61$137.55$142.28$218.78
Nevada$661.83$70.58$182.32$408.94
New Hampshire$491.25$66.46$184.45$240.34
New Jersey$829.67$78.81$229.12$521.74
New Mexico$562.55$103.54$166.19$292.82
New York$816.40$102.67$231.01$482.71
North Carolina$473.45$81.65$176.15$215.65
North Dakota$463.98$138.62$146.45$178.91
Ohio$473.14$72.97$161.90$238.27
Oklahoma$603.19$135.50$191.08$276.61
Oregon$542.90$56.32$136.10$350.48
Pennsylvania$582.31$86.53$196.34$299.44
Rhode Island$782.10$79.31$246.91$455.88
South Carolina$583.86$108.56$159.04$316.25
South Dakota$460.15$154.87$125.15$180.13
Tennessee$522.86$89.07$185.44$248.35
Texas$665.80$123.85$224.69$317.25
Utah$523.76$65.70$159.54$298.52
Vermont$458.41$75.29$177.25$205.87
Virginia$505.60$81.92$168.31$255.37
Washington$581.28$63.83$159.44$358
West Virginia$615.47$122.57$197.80$295.10
Wisconsin$442.31$82.09$135.60$224.62
Wyoming$508.46$148.54$167.30$192.62
Countrywide$605.63$88.82$193.57$323.24

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Your driving record, age, and gender will also impact your rates in certain states, so shop around with at least three local companies to find the insurer with the right policy for you.

Specialty Car Insurance: What You Need to Know

You’ll need to buy specialty car insurance coverage if you own an antique, classic, exotic, or kit car. Owners of supercars and motorcycles should also consider this coverage.

The best companies for specialty car insurance are GEICO, Grundy, Hagerty, Heacock, and USAA. Hagerty provides the best specialty coverage for newer vehicles, while Grundy and Heacock offer the best policy options for older vehicles. Grundy also offers unlimited mileage, but Heacock offers the most in spare parts coverage.

With insurance companies offering specialty insurance plans with different benefits and coverage, any driver can find the right plan to cover their vehicle. Choosing the right insurance for your specialty auto will depend on your lifestyle and vehicle type.

For example, if your specialty car is your primary vehicle, you will want to find a policy that encourages pleasure driving and offers unlimited mileage. Shop around for specialty car insurance quotes from at least three different companies in your neighborhood to find the best rates.

Looking for affordable specialty car insurance? Enter your ZIP code below to get FREE car insurance quotes for your specialty vehicle.

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