What Are the Best Collector Car Insurance Companies?

Last Updated on October 7, 2026

By James Shaffer Reviewed by Thomas Rockford, insurance industry executive and financial analyst, on October 4, 2026 How we fact-check

Collector cars have different insurance needs than ordinary vehicles — especially if you only drive yours on nice weekends, store it for months at a time, or have it mid-restoration.

The biggest difference is how your car is valued. Most specialty “classic/collector” policies use agreed value (you and the insurer agree on a value up front), plus rules around storage, usage, and mileage that help keep premiums reasonable.

Some insurers truly understand collector vehicles and offer perks like spare parts coverage, show and event coverage, generous mileage rules and restoration-friendly protection. Others either won’t write classic policies at all, or they insure the car like a normal daily driver, which can leave valuation gaps.

Below are the seven companies most often shortlisted for collector cars, with what each one actually publishes about valuation, storage and mileage, plus tips for choosing the right fit for how you use your vehicle.

Collector car insurance is usually built around agreed value, meaning you set the car’s insured value up front instead of relying on depreciation after a total loss.
Classic policies come with usage rules, but the storage rules are looser than most people think. Hagerty says it will consider carports, driveways, parking garages and car hauling trailers, and publishes no annual mileage cap.
Coverage details vary widely, so compare spare parts, restoration protection, towing/roadside assistance, and how the insurer handles specialty repairs.
Safeco is gone. Liberty Mutual retired the brand on April 25, 2026, and it publishes no classic car program in its place. If you were sent here for Safeco’s classic program, it no longer exists.
If you drive your classic more often, ask about a program without a mileage limit. Grundy’s collector program publishes “No Mileage Restrictions” outright: “Drive your classic as much as you like.”

Table Of Contents

American Collectors Insurance
Grundy
Hagerty Insurance
American Modern Insurance
Chubb
Heacock Classic Insurance
Safeco
Quick Comparison of Top Collector Car Insurance Companies
How to Compare Collector Car Insurance Companies
FAQs on Collector Car Insurance
Final Word
Sources

American Collectors Insurance

American Collectors comes up a lot among USAA members. Several of the customer reviews on American Collectors’ own site say USAA referred them, and one says an existing USAA policy got them a discount. American Collectors does not state a USAA alliance anywhere on its site, and USAA does not publish one where we could read it, so treat it as a lead worth following rather than a fact: ask USAA directly whether it refers collector business and whether any discount applies.

American Collectors is built for “hobby use” vehicles, which is ideal if your car is mostly garaged, driven for pleasure, and taken to club events or shows. Policies are typically written on an agreed value basis, so you’re not relying on depreciation-based settlement math if the car is totaled.

The towing and transport piece has a name: American Collectors sells a Collector Auto Reimbursement and Expenses plan, which it describes as flexible towing and transportation coverage. The company does not publish mileage tiers or a trip interruption limit on its site, so ask for those in writing. It is a good fit if you want a classic-car-focused team that understands photos, documentation and collector claims.

Tip: American Collectors publishes two numbers, 1-866-730-0395 and 1-866-301-9338. Whichever you call, ask for the agreed value, the usage rules and the towing terms on the declarations page rather than over the phone.

American Collectors Insurance Contact Info

Phone: (866) 730-0395
Website: https://americancollectors.com/

Grundy

Grundy is one of the best-known names in classic car insurance, and the one on this list with the most generous published mileage rule.

Like many specialty carriers, Grundy is known for agreed value coverage and collector-friendly rules (think pleasure use, events, and hobby driving). Many customers choose Grundy because it’s designed around classic vehicles instead of forcing you into a standard personal auto policy framework.

Grundy’s own wording on agreed value is worth quoting: “Unlike standard auto insurance that pays based on depreciated value, Agreed Value guarantees you’ll receive the full insured amount in the event of a total loss – with no depreciation.” It does not publish anything about raising that figure as the market moves, so if your car is appreciating, ask what it takes to revalue the policy and what documentation Grundy wants.

Bottom line: Grundy is a strong choice if you want a specialty carrier with a long track record and a collector-first approach.

One thing Grundy publishes that nobody else on this list does: its collector vehicle program lists “No Mileage Restrictions” as a benefit, in its own words “Drive your classic as much as you like. We believe classics are meant to be enjoyed, not stored away.” It publishes no storage requirement for that program either. If a mileage cap is what has been putting you off a collector policy, start there.

Grundy Contact Info

Phone: (866) 338-4006
Mail: 410 Horsham Rd, PO Box 1957, Horsham, PA 19044
Website: https://grundy.com/contact-us

Hagerty Insurance

If you’ve ever searched for classic car insurance, you’ve probably heard of Hagerty Insurance. Hagerty specializes in collector vehicles and is widely used by enthusiasts who want agreed value protection, flexible coverage options, and a classic-car-focused ownership experience.

Hagerty says it offers classic car insurance in all 50 states, and calls its settlement basis Guaranteed Value: it will “guarantee you will be paid every cent of your car’s insured value in the event of a covered total loss,” less any deductible and any salvage value you keep. Several figures come with the policy: $750 of spare parts coverage, $50,000 of instant coverage on a new purchase for 30 days, up to $10,000 of auto show medical reimbursement, and guaranteed flatbed towing with an unlimited number of service calls a year. If you’re mid-restoration, ask how the insured value is adjusted as parts go in.

You may also run into Hagerty through a mainstream carrier. Progressive doesn’t write classic coverage itself: its agency “refers consumers seeking classic car insurance to Hagerty Insurance Agency, Inc. for placement with insurers offering that coverage,” and the result is branded Progressive Classic Car by Hagerty, running on Hagerty’s Guaranteed Value. Nationwide is in the picture from the other direction: Hagerty’s own disclosures name Nationwide Mutual and Nationwide Insurance Company of America, alongside Essentia Insurance Company, as the companies underwriting its US auto policies. If your everyday auto is with Allstate, ask your agent what specialty classic options they can quote alongside your main policy.

Hagerty publishes no annual mileage cap, which surprises people, but it does publish three rules that catch applicants out. Every licensed member of your household must have a regular-use vehicle for daily driving. You cannot have a serious infraction in the last three years, which Hagerty defines as an alcohol-related offense, reckless driving or an excessive speed violation. And use is limited to club functions, exhibitions, organized meets, tours and occasional pleasure driving, so a daily-use vehicle isn’t eligible at all. On storage, Hagerty prefers an enclosed, secure building but says it will consider carports, driveways, parking garages and car hauling trailers.

Hagerty Insurance Contact Info

Phone: (877) 922-9701 for policies and quotes, (800) 385-0274 for claims, (888) 310-8020 for roadside assistance
Website: https://www.hagerty.com/

American Modern Insurance

American Modern Insurance Group is a major specialty insurer, and collector vehicles sit in its lineup alongside its other recreational products. It is commonly placed through large agencies rather than sold direct, so you may meet it while shopping somewhere else entirely. GEICO gets named as one of those routes, but GEICO publishes no classic car page, so we could not confirm it. Ask whoever quotes you which carrier is actually writing the policy.

American Modern is worth a call if your vehicle doesn’t fit the strict “show car only” profile, since its collector product sits alongside a long list of other specialty lines. It publishes no mileage or usage detail, so what you can actually get depends on your state and the specific program, and you will only find out by asking.

As with any partner-placed policy, make sure you know who is writing the coverage, how claims are handled, and whether the policy is agreed value (ideal for collectors) or a different settlement basis.

American Modern Insurance Contact Info

Phone: (800) 543-2644
Website: https://policyholders.amig.com/content/munichre/amiggrp/policy-holder/storefront/en/landing-page/contact-us.html

Chubb

Chubb is known for premium personal insurance — and it can be an excellent option for high-value collector vehicles, larger collections, and owners who want a high-touch claims experience.

Chubb lists Classic Cars among its auto products, but it is a high-net-worth carrier rather than a collector specialist like Hagerty or Grundy, and it publishes very little about how the classic coverage works. Its reputation for OEM parts and pre-loss-condition repairs comes from its wider personal lines rather than from anything it publishes about collector cars, so treat it as a question to ask rather than a feature to count on.

If you’re considering Chubb, ask detailed questions about valuation, repair shop choice, coverage territory (in-state vs out-of-state), and how the policy treats custom work, rare parts, and specialty labor.

Chubb Insurance Contact Info

Phone: (800) 682-4822
Website: https://www.chubb.com/us-en/contact-us.html

Heacock Classic Insurance

Heacock Classic is a long-standing specialist that covers a wide range of enthusiast vehicles, including classics, modern collectibles and some motorsport needs.

We could not confirm anything about Heacock’s coverage against the company itself, so none of the detail you will read about it elsewhere, including spare parts limits, roadside assistance and the agreed value terms, is verified here. Everything below is what to ask, not what to expect.

Ask for the settlement basis, the annual mileage limit if there is one, the spare parts limit in dollars, the storage requirement and the towing terms, and ask for all of it on the declarations page. If you expect to drive the car more than occasional pleasure use, say so at quote time.

Heacock Classic Contact Info

Website: https://www.heacockclassic.com/. We could not confirm a current phone number from anything Heacock publishes, so call the number listed on its own site rather than one quoted elsewhere.

Safeco

Start with the news: the Safeco brand no longer exists. Liberty Mutual retired it on April 25, 2026 and moved the book under its own name. safeco.com now redirects to Liberty Mutual.

Safeco used to be the name people reached for when they wanted a classic policy with a higher mileage allowance, quoted as a regular-use option and a limited-use option. Liberty Mutual publishes no classic car program in its place: there is no classic car page on its site, and its customer support page doesn’t mention collector vehicles.

If a higher mileage allowance is what you came for, the published option today is Grundy’s collector vehicle program, which lists “No Mileage Restrictions” and agreed value with no depreciation. If you already have a Liberty Mutual policy, an independent agent can tell you what, if anything, is still available for a collector car.

Safeco Contact Info

Phone: (800) 290-8711 (Liberty Mutual general customer service)
Website: https://www.libertymutual.com/customer-support

Quick Comparison of Top Collector Car Insurance Companies

Use this side-by-side table to quickly compare what each company is generally best known for, plus the kinds of collector situations they tend to fit.

Company	Best for	Usage / mileage flexibility	Restoration-friendly	Notable extras
American Collectors	Hobby-use collector cars with agreed value	No mileage tiers published; ask for the limit in writing	Not published; ask about value updates during restoration	Collector Auto Reimbursement and Expenses plan, with flexible towing and transportation
Grundy	Owners who want agreed value without a mileage cap	Publishes “No Mileage Restrictions”: “Drive your classic as much as you like.” No storage requirement published either	Not published; ask about value updates during restoration	Agreed value “with no depreciation,” in Grundy’s own words, and no mileage or storage rule on the collector program
Hagerty	Mainstream, well-known collector specialist	Occasional pleasure use only, and no annual mileage cap published. Every licensed household member needs a regular-use car, and a serious infraction in the last three years disqualifies you	Reputation for restoration-aware options; terms not published	$750 spare parts, $50,000 instant new-purchase coverage for 30 days, $10,000 auto show medical, guaranteed flatbed towing with unlimited service calls. All 50 states
American Modern	Specialty programs; broader “fits more situations” quoting	Not published; confirm the usage and mileage rules in writing	Not published; confirm how parts and in-progress value are handled	Commonly placed through large agencies rather than sold direct
Chubb	High-value vehicles and collections	Not published; a high-net-worth carrier rather than a collector specialist	Not published; verify before you rely on it	Lists Classic Cars among its auto products, but publishes little detail about the coverage
Heacock Classic	Collector and enthusiast vehicles, including some niche needs	Confirm the usage and mileage rules in writing	Confirm how parts and in-progress value are handled	Ask for every figure on the declarations page
Safeco	Nobody: the brand was retired on April 25, 2026	No longer applicable. Liberty Mutual publishes no classic car program	No longer applicable	For a higher mileage allowance, look at Grundy’s collector program instead

How to Compare Collector Car Insurance Companies

Collector car insurance companies can look similar at a glance — until you dig into valuation, usage rules, storage requirements, and what’s actually covered during a claim.

Here are the best ways to compare quotes and avoid surprises later:

Confirm the settlement type (agreed value vs. stated value vs. actual cash value). For most collector owners, agreed value is the gold standard because it avoids depreciation math after a total loss.
Match the policy’s usage rules to your real life. Some plans are strict (shows/parades/club events only). Others allow more “regular use.” If you commute, run errands, or take long road trips, get that approved up front.
Check storage requirements, but don’t assume the worst. Hagerty prefers an enclosed, secure building and still says it will consider carports, driveways, parking garages and car hauling trailers. Grundy publishes no storage rule for its collector program at all, though its separate Motor Vehicle Program does. Ask what your insurer will accept rather than ruling yourself out.
Ask whether there is a mileage limit at all. Hagerty publishes no annual cap, and Grundy’s collector program says there are no mileage restrictions at all. The cheapest quote can still become a headache if it does carry a limit and nobody told you.
Review spare parts, tools, and restoration coverage. Spare parts coverage limits vary widely. If you’re restoring a car, ask how the insurer handles increasing value as work progresses and how parts are covered in storage or transit.
Don’t ignore roadside assistance and towing rules. Specialty towing (like flatbed) matters for low-clearance classics. If this is important to you, look for strong towing coverage or towing and labor coverage / roadside assistance.
Check the household and driving-record rules. Hagerty requires every licensed person in your household to have a regular-use vehicle, and turns down applicants with an alcohol-related offense, reckless driving or an excessive speed violation in the last three years. Rules like these disqualify more people than storage does.

When in doubt, prioritize the policy that matches how you store and drive the vehicle — and that clearly documents the agreed value and coverage options in writing.

FAQs on Collector Car Insurance

What’s the difference between classic car insurance and regular auto insurance?

Classic/collector car insurance is usually designed for limited-use vehicles and commonly uses agreed value (you and the insurer agree on the car’s value up front). Regular auto insurance typically pays actual cash value (depreciated value) after a total loss. Collector policies may also include perks like spare parts coverage, show/event coverage, and restoration-friendly options.

What is agreed value coverage, and why does it matter?

Agreed value means you and the insurer set the vehicle’s insured value when you buy the policy. If the car is totaled in a covered loss, the goal is for the claim settlement to reflect that agreed amount (subject to policy terms). This is a big deal for collector cars because market values can be very different from standard depreciation-based pricing.

Do I need a garage to qualify for collector car insurance?

Less often than you would think. Insurers prefer an enclosed, secure building, but Hagerty publishes a list of other storage types it will consider: carports, driveways, parking garages and car hauling trailers. Grundy publishes no storage requirement for its collector program either. Requirements still vary by company and state, so if you use a storage unit or a shared facility, ask what is acceptable before you buy.

Can I drive my classic car every day with collector insurance?

No. Hagerty limits use to club functions, exhibitions, organized meets, tours and occasional pleasure driving, and it will not insure a daily-use vehicle at all. It also requires every licensed member of your household to have a regular-use vehicle for daily driving, which is the rule that catches most people out. If you want to drive the car a lot without a mileage limit, Grundy’s collector program publishes “No Mileage Restrictions” and does not require a separate everyday car. Either way, get your intended use approved in writing.

Does collector car insurance cover a vehicle that’s being restored?

It can, but you need the right endorsement or program. Restoration work can change the car’s value over time, so ask how the insurer covers parts in storage, damage during transport, and whether the insured value can be adjusted as the build progresses.

What should I compare when shopping for collector car insurance?

Start with the settlement type (agreed value or something else), then compare usage rules, storage requirements, mileage limits, deductibles, spare parts and tools coverage, and towing. Ask about the household rule and the driving-record rule too, since those disqualify applicants more often than storage does. Then ask how claims work for specialty repairs, OEM parts and out-of-state shops. Only two of the seven companies on this page publish enough detail to compare without calling, so expect to ask.

Final Word

The “best” collector car insurer depends on how you use your vehicle. If it’s mostly stored and driven for pleasure, a specialty agreed value policy from a collector-focused carrier is the cleanest fit, and Hagerty publishes the most detail about what it will and won’t accept. If you drive your classic more often, Grundy’s collector program is the one that publishes no mileage restrictions at all.

Get at least a few quotes, compare the agreed value and usage rules side-by-side, and choose the company that protects the car the way you actually own it.

My advice is to put the agreed value figure, the mileage rule and the storage rule in one email to the agent and ask them to confirm all three in writing before you pay. Collector claims go wrong on those three things more than on anything else.

Sources

Checked October 4, 2026

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