Back to top

Encompass® Insurance Insights & Articles

Insuring an Older Car

Your older car has history and perhaps a few flaws or quirks that make it unique. Because your vehicle is one-of-a-kind, it only makes sense that you need a specialized insurance solution. Here is some basic information that will help you make sure you have the proper insurance for your older vehicle. More in-depth information is available by contacting your agent or following up with your state's department of insurance.

Key on top of insurance paperwork.

Older Doesn't Mean Classic

Classic car insurance is a special type of insurance for cars that are kept as a collector item and primarily driven for car shows or special occasions. Just because you have an older car does NOT mean you will qualify for classic car insurance. Car Club of America has a short list of vehicles they consider "classic" but others may qualify for classic insurance in certain states or under individual policies.

Insuring an Older Car May Be Less Expensive

In some cases, an older car will be less expensive to insure than a new vehicle, mainly because an older car will generally have less value than a newer one. However, insurance cost is determined by make, model and value as well as the age of the car, plus your own driving history. Therefore, you will want to get a quote for your older vehicle. By working with an agent directly, you will likely have numerous options from which to choose, potentially helping you save money.

Choose the Correct Coverage

With an older car, assuming you own it outright rather than making payments to a lender, you want to make sure you have the right type of coverage. A few coverage options to keep in mind are:

  • Liability Insurance: Provides coverage for bodily injury and property damage. While automobile insurance requirements may vary from one state to the next, some amount of liability insurance is generally always required.
  • Medical Payments Coverage: Pays for any extensive medical costs that may occur to you as a result of an at-fault accident.
  • Collision Coverage: Pays for repair or replacement of your vehicle in case of an at-fault car accident.
  • Comprehensive Coverage: Pays for damage or loss to your car due to a non-crash incident. This may include having your vehicle stolen or damages from the weather.
  • Additional Insurance: Options such as roadside assistance and rental car coverage. These could make it easier to move forward if you are involved in any sort of accident.

There are many things you have to think about when it comes to insuring your older car. The key is to make sure you have the coverage you need to handle any unexpected incidents that may occur. If you have any questions or concerns about insuring your vehicle, remember to reach out to your local independent insurance agent for more information.

Family in the kitchen.

Cover home, auto & more.

Encompass Insurance offers protection for the things that matter most.

Find an agent

The general information contained in The Encompass Blog is provided as a courtesy, and is for informational and entertainment purposes only. The contents of this website are subject to periodic change without notice. Information provided on The Encompass Blog is not intended to replace official sources. Although attempts will be made to ensure that the information is accurate and timely, the information is presented "as is" and without warranties. Information contained on The Encompass Blog should not be mistaken for professional advice. Information contained herein should not be considered error-free and should not be used as the exclusive basis for decision-making. Use of website information is strictly voluntary and at the user's sole risk. We encourage you to obtain personal advice from qualified professionals when making decision regarding your specific situation.

Other resources linked from these pages are maintained by independent providers. The Encompass Blog does not monitor all linked resources and cannot guarantee their accuracy. Statements, views and opinions included in an independent provider's material are strictly those of the author(s). These views may not necessarily represent the opinions or policies of The Encompass Blog, the Encompass family of companies or its agents, officers or employees.

ECC Monitor: OK