Classic Car Insurance Calculator
Estimate insurance costs for classic and collectible vehicles with agreed value vs stated value coverage options.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Monthly Premium
$18.23
≈ 4 cups of coffee
Savings vs Standard Policy
$1,120.02
≈ 9 pairs of sneakers
How to Use This Calculator
- Enter the Agreed Value of your classic vehicle (insured replacement value).
- Set the Vehicle Year and expected Annual Mileage (classic policies restrict mileage).
- Select Storage Type (outdoor, enclosed garage, or climate-controlled facility).
- Choose the Valuation Type (agreed value is preferred for classics).
- Review the Monthly and Annual Premium, plus the savings vs. a standard auto policy.
How the result changes with Vehicle Year
| Vehicle Year | Monthly Premium | Savings vs Standard Policy |
|---|---|---|
| 1,911 | $18.23 | $1,120.02 |
| 1,937 | $18.23 | $1,120.02 |
| 1,968 | $18.23 | $1,120.02 |
| 1,995 | $15.42 | $1,153.67 |
What each input means
- Vehicle Value
- The agreed-upon or appraised value of your classic vehicle.
- Vehicle Year
- Model year of the vehicle. Must be 20+ years old for classic status.
- Annual Mileage
- Expected annual mileage. Classic car policies often cap at 2,500-5,000 miles.
- Storage Type
- 0 = Enclosed garage, 1 = Covered/carport, 2 = Outdoor. Garage storage earns discounts.
- Valuation Type
- 0 = Agreed value (guaranteed payout), 1 = Stated value (insurer may pay less).
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersVehicle Value = 45000, Vehicle Year = 1969, Annual Mileage = 2000, Storage Type = 0 = 5 input(s) provided
- Calculate Monthly PremiumMonthly Premium18.23 = $18.23
- Calculate Savings vs Standard Policy1120.02 = $1,120.02
- Calculate Annual PremiumAnnual Premium218.73 = $218.73
- Calculate Standard Auto Policy Would CostStandard Auto Policy Would Cost1338.75 = $1,338.75
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