A standard policy values a restored car at what a used car of that age is worth.
Agreed-value coverage for classic, collector and restored vehicles: the value is fixed in writing when the policy is written, rather than argued about after the loss.
Tell us the situation.
One licensed human replies the same business day — not five agents, not an auto-responder. If the policy you have is already the right one, we will tell you.
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Send us what you have. We’ll tell you if it’s right.
Your current policy paperwork, a renewal notice, or nothing at all. A licensed agent reads it and replies the same business day.
What classic and collector car insurance actually covers.
Agreed value
A figure set and documented up front, paid in full at a total loss.
Without it — Actual cash value on a 1967 car is a book figure that ignores every dollar of the restoration.
Spare parts and tools
The parts inventory, which on a restoration project is often substantial.
Without it — Parts stored for a build are contents at best and excluded at worst.
Coverage during restoration
Rising value as the work progresses, rather than a fixed figure set at purchase.
Without it — A three-year build is insured at the value of the shell you started with.
What clients with classic and collector car insurance ask us.
How do I establish the agreed value?
Photographs, receipts and a valuation. For a car under about $100,000 most classic carriers accept an owner’s statement supported by recent comparable sales and a good photo set: all four corners, engine bay, interior, undercarriage. Above that, or for anything unusual, they will want an appraisal from a recognized appraiser. Keep the restoration receipts: they are what turns "I think it is worth this" into a documented figure, and they are also how you raise the agreed value at renewal as the market moves.
What are the usage restrictions?
The trade-off is what makes the price low. Classic policies typically require the car to be garaged in a locked, enclosed structure, exclude daily commuting, and either cap the annual mileage or limit use to shows, club events and pleasure driving. Some carriers have relaxed the mileage caps considerably in recent years. Read the restriction carefully before you accept the price. Using the car outside it is not a technicality, it is the basis on which a claim gets declined.
Commercial insurance is 96% of what we do — it is not a department here, it is the whole business. Not ready to talk? The guides answer the questions this page raises in more depth. Already insured with us and need a certificate or a policy change? Ask the service team rather than starting a quote — it is faster and it goes to the people whose job it is. We also write home and auto, which is usually cheaper alongside the business policy than apart from it.