Classic Car Insurance That Does Not Require a Garage [Expert Advice + Classic Car Rates]

Most insurance companies require you to have a garage before they will cover your classic car. Read on to learn what your options are for classic car insurance without a garage.

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Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

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Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Jun 6, 2022

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Things to remember

  • Many insurance companies require that a classic vehicle stay stored in a garage
  • Investing in agreed value plans can help drivers protect their investment
  • It is important to understand how classic cars are categorized for insurance purposes

Classic cars are more than just vehicles. They often represent a beloved hobby as well. In many cases, classic car owners consider these vehicles to be among their most prized possessions. While many owners opt for securing their car in a garage, the reality is not everyone has access to this resource.

Classic car auto insurance is different from standard auto insurance and has different requirements. You may have heard that you cannot find classic car insurance with no garage requirement. The truth is, most insurance companies will require you to safely store your classic car.

Classic Car Insurance Without Garage Requirements

Finding good auto insurance companies for classic cars can have several difficulties. One of the most common difficulties you may face is the requirement for garaging. The value of these special vehicles is calculated very differently than that of average vehicles. Many insurance companies have policies in place requiring proof that the vehicle is stored in a garage before they provide coverage.

The problem with such a policy is that providing a garage for your vehicle is yet another expense you must shoulder. This can get even more difficult if you do not have the space on your property. You may then be required to rent space elsewhere.

To save money, you can shop around to find insurance coverage that does not insist on this requirement, but finding a company that doesn’t require you to provide a garage for your vehicle could be difficult.

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Research To Find the Best Classic Car Coverage Without a Garage Requirement

Once drivers have invested money into rebuilding a classic car, they often opt for storing that vehicle in a proper garage facility. Taking this step helps to preserve the car and to protect the investment that has been made.

If you happen to own a classic vehicle that has not been fully restored yet, then you may be hesitant to fork over the extra money for proper garage space. For owners in this situation, the most affordable solution is to find classic car insurance coverage that does not have this requirement.

The best way to go about finding an insurance policy without proof of a garage is to talk openly with your insurance company concerning the realistic value of the vehicle. Exceptions can be made when the vehicle has been properly valued.

Where To Find Classic Car Insurance

If you are looking for classic car insurance you may be wondering, “Where do I look? Who do I call? Who provides classic car insurance?” Most traditional car insurance companies such as SafeCo or State Farm do provide modified policies for classic car owners. Choosing the right company requires a good deal of research on your part. First, make sure that your car qualifies for classic car insurance. Then you should invest time into this to ensure you are getting the best deal.

In addition to traditional car insurance companies, there are specialty companies as well. Grundy is a well-known name in classic car insurance. This company almost exclusively provides classic coverage or specialty coverage.

You may also be wondering if you can get full coverage on a classic vehicle. You can absolutely get full coverage and in fact, it is recommended that you do.

The rates for these policies depend heavily on where you live. Review estimates of classic car insurance rates by state to see what you can expect to pay.

Not everyone plans to drive their classic car often. If this is the case, you may want to research auto insurance for parked cars. Auto insurance for parked cars can be a great option if your vehicle will not be moved at all. You can use this option even if you are just parking the car over the winter. It can really help you to save money on your classic car coverage.

How Classic Cars Are Categorized and Valued

If you did not get into classic car ownership intentionally, you may not realize your need for proper coverage. Some people inherit classic cars or just happen to find a great deal and snatch it up. Either way, it is important for you to understand that classic cars do require special coverage.

The biggest difference between traditional insurance and classic car coverage is that traditional policies assume that a car’s value will depreciate over time. This does not apply to classic cars because they in fact appreciate in value over time, with the proper work and maintenance.

If you decide to get insurance through a company that specializes in classic car coverage, you can rest assured that they understand the special insurance needs of these vehicles. A good auto insurance company for classic cars looks for the following markers that good care has been taken with a car:

  • Driven infrequently
  • Properly protected from the elements
  • Special care given to maintenance and appearance

Make sure you understand these requirements so you can get the best value for your policy rates, even if you are not garaging your vehicle.

Standard vs. Agreed Value Policies

A standard value for a vehicle is a value that is set by a recognized organization such as NADA. However, these values may not accurately reflect the worth of some older cars. In these cases, you may want to work with your insurance company to come to an agreed value. This is a value that you set. You can then agree to pay rates for this coverage to ensure that you get a fair replacement that will take into consideration your investment and the cost of replacing or repairing the car.

Definitions

You want to talk in-depth with the insurance company you are considering to make sure you understand how they use definitions, such as classic and antique when valuing your car.

Registration

Classic cars need to be properly registered before they can be insured. Talk with your local DMV to find out how to get your classic vehicle properly registered.

When looking for classic car insurance, it is important that you do your own research. You can learn more through forums and events and by talking with other classic car enthusiasts.

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The Bottom Line on Classic Car Insurance Without Garage Requirements

Finding classic car insurance with no garage requirement is not impossible but very difficult. You can avoid the extra expense of storing your vehicle in a garage if you use an Agreed Value insurance plan.

To get the best insurance coverage and deals, it is important that you understand how classic vehicles are valued and categorized and use this information when talking with an insurance representative.

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