Best Car Insurance for Specialty Vehicles in 2024 (Your Guide to the Top 10 Companies)

The top pick overall for the best car insurance for specialty vehicles are Hagerty, Progressive, and Geico, offering rates as low as $60. These companies excel in providing tailored coverage for specialty vehicles, ensuring comprehensive protection for enthusiasts and collectors alike.

With their specialized expertise, they stand out in the market, offering peace of mind and financial security for owners of specialty vehicles.

Our Top 10 Company Picks: Best Car Insurance for Specialty Vehicles

Whether you own a classic car, exotic vehicle, or customized ride, these insurers have you covered with competitive rates and exceptional service.

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. For more information, read our guide titled “Compare Best Car Insurance Companies That Offer Agreed Value“.

Get the right car insurance at the best price — enter your ZIP code above to shop for coverage from the top insurers.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

#1 – Hagerty: Top Overall Pick

Pros

• Generous Anti-Theft Discount: Hagerty car insurance review offers a substantial 15% anti-theft discount, enhancing security for vintage vehicles.
• Strong A.M. Best Rating: With an A rating from A.M. Best, Hagerty ensures financial stability and reliability.
• Specialized Coverage: Known for its focus on vintage vehicles, Hagerty provides tailored protection for classic cars.

Cons

• Limited Variety: Hagerty’s coverage options may not be as diverse for other types of specialty vehicles.
• Premium Costs: Hagerty’s premiums might be relatively higher for certain coverage levels compared to competitors.

#2 – Progressive: Best for Customized Safety

Pros

• Anti-Theft Discount: Progressive car insurance review offers a 15% anti-theft discount, promoting safety and security for specialty vehicles.
• Excellent A.M. Best Rating: With an A+ rating, Progressive demonstrates financial strength and stability.
• Customizable Policies: Progressive allows for personalized coverage options, catering to the unique needs of specialty vehicle owners.

Cons

• Limited to Safety Features: Progressive’s focus on safety features might limit coverage options for certain types of specialty vehicles.
• Higher Premiums: Despite discounts, Progressive’s premiums for customized policies might be relatively higher compared to other providers.

#3 – Geico: Best for Efficient Protection

Pros

• Anti-Theft Discount: Geico car insurance review provides a 15% anti-theft discount, enhancing security measures for specialty vehicles.
• Top A.M. Best Rating: Geico boasts an A++ rating, ensuring reliability and financial stability.
• Efficient Service: Known for its streamlined processes, Geico offers efficient and hassle-free insurance services.

Cons

• Limited Specialty Focus: Geico’s specialization in efficient protection might not be as extensive as other providers.
• Higher Premiums: Despite discounts, Geico’s premiums might be relatively higher for certain coverage levels compared to competitors.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

#4 – Grundy: Best for Classic Preservation

Pros

• Highest Anti-Theft Discount: Grundy offers a remarkable 20% anti-theft discount, prioritizing security for classic vehicles.
• Strong A.M. Best Rating: With an A rating, Grundy demonstrates financial strength and stability.
• Comprehensive Classic Coverage: Grundy specializes in preserving classic cars, providing tailored coverage options. To find out more, explore our guide titled “Best Classic Car Insurance Companies“

Cons

• Limited to Classic Cars: Grundy’s focus on classic preservation might limit coverage options for other types of specialty vehicles.
• Premium Costs: Grundy’s premiums might be relatively higher for certain coverage levels compared to competitors.

#5 – American Modern: Best for Specialized Protection

Pros

• Significant Anti-Theft Discount: American Modern offers a substantial 15% anti-theft discount, enhancing security measures.
• Solid A.M. Best Rating: With an A- rating, American Modern assures financial stability and reliability.
• Specialized Coverage Options: American Modern provides tailored protection for various types of specialty vehicles. To learn more, delve into our guide titled “Best Insurance for Exotic Cars“

Cons

• Limited to Specialized Vehicles: American Modern’s specialization might limit coverage options for owners of non-specialty vehicles.
• Premium Costs: American Modern’s premiums might be relatively higher for certain coverage levels compared to competitors.

#6 – Safeco: Best for Reliable Coverage

Pros

• Substantial Anti-Theft Discount: Safeco car insurance review offers a generous 20% anti-theft discount, prioritizing security for specialty vehicles.
• Strong A.M. Best Rating: With an A rating, Safeco ensures financial stability and reliability.
• Wide Range of Coverage: Safeco provides comprehensive and reliable coverage options for specialty vehicle owners.

Cons

• Limited to Certain Regions: Safeco’s coverage might be restricted to certain regions, potentially limiting accessibility for some customers.
• Higher Premiums: Despite discounts, Safeco’s premiums might be relatively higher for certain coverage levels compared to competitors.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

#7 – State Farm: Best for Personalized Assurance

Pros

• Anti-Theft Discount: State Farm car insurance review offers a 15% anti-theft discount, promoting security measures for specialty vehicles.
• Excellent A.M. Best Rating: With an A++ rating, State Farm demonstrates financial stability and reliability.
• Personalized Policies: State Farm provides customizable coverage options, tailored to the unique needs of specialty vehicle owners.

Cons

• Limited Specialty Focus: State Farm’s specialization in personalized assurance might limit coverage options for certain types of specialty vehicles.
• Higher Premiums: Despite discounts, State Farm’s premiums might be relatively higher for certain coverage levels compared to competitors.

#8 – Allstate: Best for Versatile Coverage

Pros

• Substantial Anti-Theft Discount: Allstate car insurance review offers a significant 20% anti-theft discount, prioritizing security for specialty vehicles.
• Strong A.M. Best Rating: With an A+ rating, Allstate ensures financial strength and stability.
• Versatile Coverage Options: Allstate provides a wide range of coverage options, catering to various types of specialty vehicles.

Cons

• Higher Premiums: Despite discounts, Allstate’s premiums might still be relatively higher for certain coverage levels, impacting affordability.
• Limited Specialty Focus: Allstate’s specialization in versatile coverage might limit depth of coverage for specific types of specialty vehicles.

#9 – Nationwide: Best for Comprehensive Security

Pros

• Generous Anti-Theft Discount: Nationwide offers a substantial 15% anti-theft discount, enhancing security measures for specialty vehicles. Discover more Nationwide car insurance discounts for more savings.
• Strong A.M. Best Rating: With an A+ rating, Nationwide demonstrates financial stability and reliability.
• Comprehensive Coverage: Nationwide provides extensive coverage options, ensuring comprehensive protection for specialty vehicle owners.

Cons

• Limited Specialty Focus: Nationwide’s specialization in comprehensive security might limit coverage options for certain types of specialty vehicles.
• Higher Premiums: Despite discounts, Nationwide’s premiums might be relatively higher for certain coverage levels compared to competitors.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

#10 – Chubb: Best for Luxury Assurance

Pros

• Highest Anti-Theft Discount: Chubb offers an impressive 25% anti-theft discount, prioritizing security for luxury specialty vehicles.
• Top A.M. Best Rating: With an A++ rating, Chubb ensures unparalleled financial strength and stability.
• Tailored Luxury Coverage: Chubb specializes in providing customized coverage options for luxury specialty vehicles. For further information, browse through our guide titled “Best Insurance for Luxury Cars“

Cons

• Premium Costs: Despite discounts, Chubb’s premiums for luxury vehicles might still be relatively higher compared to other providers, impacting affordability.
• Limited Variety: Chubb’s coverage options may not be as diverse for other types of specialty vehicles.

Importance of Specialty Car Insurance

Assessing the worth of specific vehicles, such as imported autos and custom kit cars, can be challenging. It’s recommended to compare kit car insurance for a more informed decision. 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.

Read more:

• Compare Turbocharged Vehicle Insurance Rates
• Compare Best Car Insurance Companies for Classic Cars
• Compare Supercar Car Insurance Rates
• Compare 1980s Vehicle Insurance Rates

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.

Read more: Geico Motorcycle Insurance Review

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. (For more information, read our “Hagerty Car Insurance Discounts“).

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.

Read more: Compare Alaska Car Insurance Rates

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.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

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.

Classic Car Insurance Monthly Rates by State & Coverage Level

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. To deepen your understanding, check out our guide titled “Average Car Insurance Rates by Age and Gender“

Monthly Rates of Car Insurance for Specialty Vehicles

The table below provides a comparative overview of the monthly rates for car insurance offered by various providers for specialty vehicles, segmented into minimum and full coverage options. Notably, premiums vary significantly depending on the extent of coverage and the provider.

Car Insurance for Specialty Vehicles: Monthly Rates by Coverage Level & Provider

Allstate, with its rates ranging from $63 for minimum coverage to $215 for full coverage, presents a balanced option for those seeking a mix of affordability and comprehensive protection. American Modern and Chubb are on the higher end, with full coverage rates at $260 and $300, respectively, catering to clients needing more extensive protection, possibly for higher-value specialty vehicles.

The choice of provider should consider not only the cost but also the specific coverage benefits, the value of the vehicle insured, and the specific needs of the owner, such as participation in shows or special events where additional coverage might be necessary. Peruse our guide titled “Best Full Coverage Car Insurance” to gain more insights.

Obtaining Online Quote for Specialty Vehicles

Getting an online quote for specialty vehicle insurance is a convenient and efficient way to explore your coverage options. Many insurance companies offer easy-to-use online tools that allow you to input your vehicle details and coverage preferences to receive personalized quotes. Here’s a step-by-step guide on how to obtain an online quote for specialty vehicles:

1. Research: Before you start obtaining quotes, it’s essential to research and understand the type of coverage you need for your specialty vehicle. Consider factors such as the vehicle’s make, model, year, usage, and any specific coverage requirements for specialty vehicles.
2. Choose Reputable Insurers: Select reputable insurance companies known for providing coverage tailored to specialty vehicles. Look for insurers with positive reviews, good customer service ratings, and a history of specializing in unique or classic vehicle coverage.
3. Visit Insurance Websites: Visit the websites of the insurance companies you’re interested in to access their online quote tools. Navigate to the section for specialty or collector car insurance, where you’ll typically find options to request a quote.
4. Enter Vehicle Information: Provide detailed information about your specialty vehicle, including its make, model, year of manufacture, mileage, and any modifications or customizations. The more accurate information you provide, the more accurate your quote will be.
5. Select Coverage Options: Choose the coverage options you want for your specialty vehicle. This may include liability coverage, comprehensive coverage, collision coverage, agreed value coverage, roadside assistance, and more. Tailor the coverage to meet your specific needs and budget.
6. Review and Compare Quotes: Once you’ve entered all the necessary information, review the quotes provided by each insurance company. Pay attention to the coverage limits, deductibles, premiums, and any additional features or discounts offered.
7. Contact Insurance Representatives (if necessary): If you have questions about the coverage or need clarification on any aspect of the quote, don’t hesitate to contact the insurance company’s customer service or speak with a licensed insurance agent. They can provide personalized assistance and guidance based on your needs.
8. Finalize Your Policy: After comparing quotes and determining the best option for your specialty vehicle insurance needs, you can proceed to finalize your policy. Follow the instructions provided by the insurance company to complete the application process and make any required payments.
9. Review Policy Documents: Once your policy is active, carefully review all the policy documents provided by the insurance company. Ensure that the coverage details, terms, and conditions align with what you agreed upon during the quote process.

By following these steps, you can efficiently obtain online quotes for specialty vehicle insurance and make an informed decision about protecting your prized possession with the right coverage. Check out our guide “How do you get competitive quotes for car insurance?”

With the convenience of online quoting tools and the expertise of insurance professionals, you can secure the perfect insurance coverage to safeguard your specialty vehicle for years to come.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption

Case Studies

Delve into three case studies highlighting real-life scenarios where specialty car insurance played a crucial role in protecting valuable vehicles and providing peace of mind to their owners.

• Case Study #1– Preserving a Classic Beauty: John’s 1967 Ford Mustang GT, a meticulously restored classic, sustains minor damage in a fender-bender. With Hagerty’s comprehensive coverage, John receives prompt assistance and full reimbursement, ensuring his Mustang’s restoration without compromise.
• Case Study #2– Safeguarding a Rare Gem: Sarah’s rare Lamborghini Aventador SVJ suffers significant damage in a rockslide. Geico’s efficient claims processing and concierge repair arrangements swiftly restore Sarah’s SVJ to pristine condition, enabling her to resume her exhilarating driving experiences.
• Case Study #3– Ensuring Peace of Mind for a Custom Creation: Jake’s unique 1932 Ford Roadster falls victim to vandalism at a vintage car rally. With Progressive’s personalized support and customized repair solutions, Jake’s Roadster is meticulously restored, allowing him to showcase his custom creation with pride.

Whether it’s a classic beauty, a rare gem, or a custom creation, specialty car insurance offers tailored coverage options and expert support to ensure that enthusiasts can indulge their passion for automobiles with confidence. To gain deeper insights, review this relevant guide titled “Compare Ford Mustang Car Insurance Rates”

By partnering with reputable insurance providers like Hagerty, Geico, and Progressive, owners of specialty vehicles can rest assured that their prized possessions are in good hands, allowing them to enjoy the thrill of the open road without hesitation.

Summary of Navigating Car Insurance for Specialty Vehicles

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 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.

Shop around for specialty car insurance quotes from at least three different companies in your neighborhood to find the best rates. Discover your options and find the right car insurance coverage that suits your needs and budget. Stop overpaying for car insurance. Our free quote comparison tool allows you to shop for quotes from the top providers near you by entering your ZIP code below.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

 Secured with SHA-256 Encryption