Several types of cars are eligible for car collector insurance. These typically include vintage and antique cars, classics, “modified cars,” and “exotics.”
- “Vintage or antique” cars are usually at least 20-25 years old. They must be as close to original condition as possible.
- “Classic” cars are usually between 15 and 20 years old; like antiques, they must also be in original (or near original) condition to be eligible for collector car insurance.
- “Modified” vehicles are classic cars that have been altered in some way from their original condition. Most carriers allow up to three significant modifications to the vehicle. Any more than that disqualifies the car from vintage car insurance coverage.
- “Exotic” vehicles are typically less than 15 years old, but nevertheless are already beginning to appreciate in value.