The Top 7 Classic Car Insurance Companies and their comparison

Owning a classic car is an investment and a passion for many automobile enthusiasts. These timeless vehicles often hold sentimental value and require specialized care, making securing the right insurance coverage essential. Classic car insurance differs from standard auto insurance, as it typically offers specialized coverages and caters to the unique needs of classic car owners.

Choosing the right classic car insurance company is crucial to ensure that your prized possession is well protected. With various companies offering specialized classic car insurance, deciding the best fit for your needs can be daunting. This blog post aims to comprehensively compare the top 7 classic car insurance companies, considering their background, reputation, coverage options, customer service, and cost.

The Top 7 Classic Car Insurance Companies

A. Hagerty

1. Background and reputation: Founded in 1984, Hagerty is one of the most reliable names in classic car insurance. The company specializes in insuring collector vehicles and boasts a strong reputation for its knowledgeable and passionate staff.
2. Coverage options and benefits: Hagerty offers agreed-value coverage, flexible usage, spare parts coverage, and restoration coverage. They also provide a Hagerty Drivers Club membership with roadside assistance and other valuable resources for classic car enthusiasts.
3. Customer service and claims handling: Hagerty is known for its outstanding customer service, with knowledgeable agents who understand the unique needs of classic car owners. They offer efficient claims handling and work closely with clients to ensure a satisfactory resolution.
4. Cost and discounts: Hagerty offers competitive rates for classic car insurance, with various discounts, such as bundling policies and maintaining a good driving record.

B. Grundy

1. 1. Background and reputation: Grundy has been a prominent name in the classic car insurance industry since 1947. They have built a solid reputation for providing reliable coverage to collectors and enthusiasts alike.
2. Coverage options and benefits: Grundy offers agreed value coverage, no mileage restrictions, coverage for restoration and spare parts, and an inflation guard to protect against rising values. They also provide coverage for classic car events and exhibitions.
3. Customer service and claims handling: Grundy’s customer service is highly regarded, with knowledgeable agents well-versed in classic car insurance. They provide efficient claims processing and work with clients to ensure a smooth experience.
4. Cost and discounts: Grundy offers competitive pricing for their insurance policies, with discounts available for multi-car policies and membership in car clubs.

C. American Collectors Insurance

1. Background and reputation: Established in 1976, American Collectors Insurance has a solid reputation in the classic car insurance industry, providing specialized coverage for collector vehicles and antiques.
2. Coverage options and benefits: American Collectors Insurance offers agreed-value coverage, mileage plans tailored to your needs, restoration coverage, and spare parts coverage. They also provide coverage for automobile and classic car collections.
3. Customer service and claims handling: The company is known for its customer-centric approach, focusing on providing personalized service to classic car owners. Claims handling is smooth and efficient, ensuring a hassle-free experience.
4. Cost and discounts: American Collectors Insurance offers competitive rates, with discounts for bundling policies, maintaining a good driving record, and being a member of a car club.

D.  J.C. Taylor

1. Background and reputation: J.C. Taylor has been providing classic car insurance since 1957 and has built a strong reputation for their expertise in the field.
2. Coverage options and benefits: J.C. Taylor offers agreed value coverage, flexible usage, coverage for restoration and spare parts, and towing and labor costs coverage. They also provide coverage for classic car events and exhibitions.
3. Customer service and claims handling: J.C. Taylor’s customer service is highly praised, with experienced agents who understand the nuances of classic car insurance. Their claims handling process is efficient and ensures client satisfaction.
4. Cost and discounts: J.C. Taylor offers competitive pricing, discounts for multi-car policies, car club membership, and maintaining a good driving record.

E. Heacock Classic

1. Background and reputation: Founded in 1989, has a strong reputation for providing specialized insurance coverage for classic, collector, and antique vehicles.
2. Coverage options and benefits: Heacock Classic offers agreed-value coverage, flexible mileage options, coverage for restoration and spare parts, and coverage for automotive tools and memorabilia. They also provide coverage for classic car events and exhibitions.
3. Customer service and claims handling: Heacock Classic is known for its dedicated customer service, with knowledgeable agents who understand the specific needs of classic car owners. Their claims-handling process is efficient and focused on providing a positive experience for clients.
4. Cost and discounts: Heacock Classic offers competitive pricing for their insurance policies, with discounts for multi-car policies, car club membership, and maintaining a good driving record.

F. Condon Skelly

1. Background and reputation: Condon Skelly, established in 1967, has a long-standing reputation for providing reliable classic car insurance coverage.
2. Coverage options and benefits: Condon Skelly offers agreed value coverage, no mileage restrictions, coverage for restoration and spare parts, and coverage for automotive tools and memorabilia. They also provide coverage for classic car events and exhibitions.
3. Customer service and claims handling: Condon Skelly is known for its personalized customer service, with experienced agents who apprehend the unique needs of classic car owners. They offer efficient claims handling, working closely with clients to ensure a satisfactory resolution.
4. Cost and discounts: Condon Skelly offers competitive rates for classic car insurance, with discounts for multi-car policies, car club membership, and maintaining a good driving record.

G. Safeco

1. Background and reputation: Safeco, founded in 1923, is a well-established insurance company with a specialized classic car insurance product.
2. Coverage options and benefits: Safeco offers agreed value coverage, flexible mileage options, restoration, and spare parts coverage, and coverage for automotive tools and memorabilia. They also provide roadside assistance and coverage for classic car events and exhibitions.
3. Customer service and claims handling: Safeco’s customer service is highly regarded, with knowledgeable agents who understand the intricacies of classic car insurance. They provide efficient claims processing and work with clients to ensure a smooth experience.
4. Cost and discounts: Safeco offers competitive pricing for their classic car insurance policies, with discounts for bundling policies, maintaining a good driving record, and being a member of a car club.

Bottom line

The journey to finding the perfect classic car insurance company can be overwhelming, given the unique needs of classic car owners and the numerous insurance providers available. However, our comprehensive comparison of the top 7 classic car insurance companies has aimed to provide you with the information and insights necessary to make an informed decision.

By comparing coverage options, customer service, and cost, you can select an insurance provider offering the specialized protection your classic car deserves and aligning with your budget and preferences. Remember, when evaluating your options, it’s essential to consider factors such as agreed value coverage, restoration and spare parts coverage, liability and medical payment options, and roadside assistance.

Remember to consider each company’s unique features, benefits, reputation, and customer satisfaction ratings. By thoroughly researching and comparing the top classic car insurance companies, you can confidently choose a provider that best meets your needs and enjoy the heart’s ease of knowing your prized possession is well protected.