State Farm Antique Car Insurance: Coverage, Discounts, and More

Insuring a prized antique or classic car requires special protection not needed for everyday vehicles. State Farm offers customized antique auto insurance to properly cover these precious rides.

Below we’ll explore State Farm’s antique car insurance options including:

  • What makes a car an antique
  • Available coverages
  • Determining agreed value
  • Securing the right deductible
  • Discounts to lower premiums
  • Hagerty partnership advantages
  • Filing claims
  • FAQs

Whether you’ve restored a Model T yourself or purchased a perfect ’57 Thunderbird, State Farm has you covered.

What Qualifies as an Antique Car?

For insurance purposes, antique cars are generally defined as:

  • Over 24 years old
  • Maintained in or restored to original condition
  • Driven only on limited occasions like shows and parades

Classic cars are typically 10-24 years old with special interest and limited use. Both antiques and classics require specialty insurance for agreed valuations and sparse mileage.

Your specific insurer may have additional qualifications regarding condition, garage storage, and frequency of use. Talk to a State Farm agent about criteria to insure your particular vehicle.

State Farm Antique Car Insurance Coverages

Standard auto insurance policies won’t properly cover antique cars given their age, use, and value characteristics. That’s why State Farm offers these specialized coverages:

Agreed Value – Since antique cars have no book value, you and State Farm agree upfront on its worth to simplify claims.

Spare Parts – Coverage up to $500 for spare parts and accessories like custom wheels or stereo components.

Zero Deductible Glass Coverage – Waives your deductible for glass repairs or replacement with no impact on premiums.

Emergency Road Service – Pays for towing, battery jumps, fuel delivery, and locksmith services.

Exhibition Use – Broadens permission to drive your antique car beyond parades and club events.

New Car Replacement – If your antique is totaled, you can purchase a new collectible car of equal value rather than receiving a settlement.

Along with these specialized options, you also get standard coverages like liability, collision, comprehensive, medical payments and uninsured motorist protection.

How State Farm Determines Your Antique Car’s Value

The biggest factor in insuring an antique auto is first agreeing on its worth in the event of a total loss. State Farm considers:

  • Vehicle age – Older classics from the 1920s or 30s are worth more than newer models from the 1960s or 70s, all else being equal.
  • Production numbers – Rare, limited production models or special editions are more valuable than mass-produced vehicles.
  • Parts availability – Cars with readily available replacement parts hold value better.
  • Condition – Restored or original condition classics in “excellent” or “good” shape are worth more than those requiring repairs.
  • Modifications – Customizing can impact value positively or negatively depending on quality.
  • Maintenance records – Documented maintenance and ownership history increases worth.
  • Purchase price – How much you paid for your antique gives a baseline for current value.

Provide as much documentation and detail as possible when getting an agreed value quote. And remember to update your valuation every few years as market conditions change.

Securing the Right Deductible

Choosing a deductible is part balancing premium savings vs. potential out-of-pocket costs. Things to consider:

  • Higher deductibles like $500 or $1,000 reduce premiums but mean bigger bills if you have a claim.
  • Lower or zero deductibles for glass coverage provide peace of mind against minor repairs.
  • If your antique car is very high value, minimizing any out-of-pocket costs is likely worth slightly higher premiums.
  • Conversely, a lower value classic may warrant a higher deductible to maximize premium savings.

Discuss options with your State Farm agent to find the right balance for your antique car and budget. Just like agreed value, reassess your deductible at renewal time.

Discounts to Reduce State Farm Antique Car Insurance Costs

State Farm offers several discounts to lower antique auto insurance premiums:

  • Low mileage – Driving your antique fewer than 2,500 miles per year can earn discounts up to 15% or more.
  • Association membership – Joining approved antique car clubs like the Model A Club qualifies savings up to 10%.
  • Safety features – Having anti-theft devices or a garage can mean up to 20% off.
  • Bundling policies – Insure home or other cars with State Farm to maximize discounts up to 30%.
  • Good driving – A clean record earns additional savings of around 10-15%.
  • Good student – Full-time students under 25 with a B average save up to 25%.

Ask your State Farm agent to review all possible discounts to minimize your antique car insurance rates.

Hagerty Partnership Benefits

In select states, State Farm has teamed up with classic car insurance leader Hagerty to create State Farm Classic+. This enhanced antique car product includes:

  • Access to Hagerty’s national network of restoration shops ensuring quality repairs
  • Hagerty Drivers Club membership with roadside assistance, events, and other benefits
  • Claims support 7 days a week from Hagerty’s team of specialists

So in addition to great State Farm coverage, you tap into Hagerty’s expertise in protecting collector vehicles.

How to File an Antique Car Insurance Claim

Should you need to file a claim, State Farm has over 18,000 agents nationwide available to assist you. They’ll walk through all the steps including:

  • Inspecting damage and confirming claim details
  • Determining repair strategy – either cash settlement or having State Farm coordinate repairs
  • Managing rental car benefits if included in your policy
  • Ensuring any reductions to your agreed value caused by the claim are handled appropriately
  • Following up throughout the claims process until your antique is back on the road

State Farm also has specialized claims teams in each region focused solely on antique vehicles for added expertise.

Frequently Asked Questions

Here are some common questions about State Farm’s antique and classic car insurance:

How much does insuring an antique car cost?

Premiums vary widely based on your specific car’s value, chosen coverages and deductibles. Generally expect to pay more than a standard vehicle but less than an everyday “exotic” or luxury car.

Can I drive my antique car daily?

No, antique policies require very limited usage, generally no more than a few thousand miles annually. Daily driving will require standard auto insurance.

Does my antique car need to be garaged?

While not an absolute requirement, storing your car in a secured garage can qualify discounts up to 20% from State Farm. Additional theft deterrents also earn savings.

Is there mileage restrictions under an antique policy?

Yes, expect limits of 2,500-5,000 annual miles depending on your specific insurer. Daily commuting or high mileage use is not permitted.

How long does State Farm require I’ve owned an antique car before insuring it?

There’s no minimum ownership period. State Farm can insure your antique or classic vehicle immediately upon purchase provided it meets eligibility criteria.

The Bottom Line

Insuring your cherished antique or classic car requires special protection specific to its use and value characteristics.

State Farm offers agreed value coverage, spare parts protection, low mileage discounts, and other benefits tailor-made for collector vehicles. Combine this with the power of a national insurer plus Hagerty’s specialty claims and repair network in select states.

Talk to a State Farm agent today if you’re ready to properly insure your prized antique or classic auto. Their passion equals yours when it comes to cherishing and protecting these wheeled memories making each trip down memory lane a joy ride.

State Farm Classic Car Insurance Review: Pros and Cons


Are antique cars more expensive to insure?

Classic car insurance is usually much cheaper than regular car insurance. According to Baily Insurance Agency, a classic car policy costs around $200 to $600 annually. If you own an abnormally expensive vehicle, your rates may be higher. In contrast, regular car insurance usually costs over $1000 per year.

What is the mileage limit for classic car insurance?

Annual mileage allowed for pleasure use.
American Family, Grundy, Hagerty and J.C. Taylor
American Collectors
2,500, 5,000 or 7,500.
American Modern
1,000, 3,000, 6,000 or unlimited.
Up to 6,000.

Why is classic car insurance so cheap?

It’s all about risk and usage. With most classic and collector cars, the risk to the insurance company is lower, so the rate is correspondingly lower.

How do I insure my classic car as a daily driver?

What kind of insurance do I need for my classic daily driver? You’ll need standard auto insurance for your daily driver classic car. That’s because specialized classic car insurance typically requires the insured vehicle to not be driven daily.

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