Best Classic Car Insurance Without a Garage in 2024 (Your Guide to the Top 10 Companies)
The best classic car insurance without a garage can be found with Hagerty, State Farm, and Liberty Mutual, which stand out with up to a 20% discount. These companies offer competitive rates, flexible policies, and tailored coverage for classic car owners. Compare quotes to find the best coverage for you.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
UPDATED: Oct 25, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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Full Coverage for Classic Car Without a Garage
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Full Coverage for Classic Car Without a Garage
A.M. Best Rating
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17,759 reviews
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Full Coverage for Classic Car Without a Garage
A.M. Best Rating
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3,607 reviews
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.
Our Top 10 Company Picks: Best Classic Car Insurance Without a Garage
Company Rank Multi-Vehicle Discount Low-Mileage Discount Best For Jump to Pros/Cons
#1 10% 25% Specialized Coverage Hagerty
#2 17% 20% Customizable Plans State Farm
#3 10% 15% Coverage Options Liberty Mutual
#4 5% 10% Flexible Policies Travelers
#5 20% 15% Restoration Coverage Nationwide
#6 5% 30% Based Premiums Progressive
#7 20% 20% Value Vehicles Chubb
#8 5% 10% Vintage Car Farmers
#9 10% 35% Roadside Assistance Allstate
#10 15% 20% Policy Discounts Safeco
The truth is, most insurance companies will require you to safely store your classic car. Find cheap car insurance quotes by entering your ZIP code above.
- Many insurance companies require that a classic vehicle stay stored in a garage
- Investing in agreed value plans can help drivers protect their investment
- Understanding how classic cars are categorized for insurance is crucial
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#1 – Hagerty: Top Overall Pick
Pros
- Specialization in Classic Cars: Hagerty focuses exclusively on classic car insurance, tailored specifically to the needs of classic car owners.
- Agreed Value Coverage: They provide agreed value coverage, ensuring you receive the full insured amount in case of a covered total loss.
- Flexible Usage: Policies often have flexible usage options, accommodating occasional pleasure driving and car show participation. Learn more in our Hagerty auto insurance review.
Cons
- Limited to Classic Cars: Hagerty specializes exclusively in classic cars, so if you have other types of vehicles, you’ll need to look elsewhere.
- Strict Storage Requirements: They may have strict storage requirements, often requiring cars to be stored in a garage or other secure facility to qualify for coverage.
#2 – State Farm: Best for Customizable Plans
Pros
- Wide Range of Insurance Products: State Farm offers a comprehensive suite of insurance products beyond just classic cars.
- Strong Financial Stability: They have a strong financial rating, ensuring they can meet their obligations to policyholders.
- Nationwide Presence: State Farm has a large network of agents and offices across the United States, providing convenient access.
Cons
- Higher Premiums: State Farm’s premiums can be higher compared to some other insurers, depending on the location and driver’s history. For discounts read our State Farm auto insurance discounts.
- Limited Classic Car Specific Coverage: While they offer coverage for classic cars, it may not be as specialized or flexible as other insurers like Hagerty.
#3 – Liberty Mutual: Best for Coverage Options
Pros
- Customizable Policies: Liberty Mutual offers customizable policies, allowing you to tailor coverage to your specific needs.
- Multi-Policy Discounts: They offer discounts for bundling multiple insurance policies, potentially saving you money.
- Digital Tools: As mentioned in our Liberty Mutual auto insurance review, they provide user-friendly digital tools for managing your policies and claims.
Cons
- Mixed Customer Service Reviews: Some customers report mixed experiences with Liberty Mutual’s customer service.
- Average Financial Strength: While Liberty Mutual is financially stable, it may not have the highest financial strength ratings compared to other large insurers.
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#4 – Travelers: Best for Flexible Policies
Pros
- Strong Financial Stability: Travelers has a solid financial rating, ensuring stability and reliability.
- Wide Range of Insurance Products: As outlined in our Travelers auto insurance review, they offer a variety of insurance products beyond just auto insurance.
- Competitive Rates: Travelers often provides competitive rates for their insurance policies.
Cons
- Limited Specialization in Classic Cars: They may not offer as specialized coverage for classic cars as companies like Hagerty.
- Mixed Customer Service Reviews: Some customers have reported mixed experiences with Travelers’ customer service.
#5 – Nationwide: Best for Restoration Coverage
Pros
- Multi-Policy Discounts: Nationwide offers discounts for bundling multiple insurance policies.
- Strong Financial Strength: They have a high financial strength rating, providing assurance of their ability to meet financial obligations.
- Variety of Coverage Options: Nationwide provides a wide range of coverage options to suit different needs.
Cons
- Higher Premiums: Nationwide’s premiums can be on the higher side compared to some competitors.
- Limited Availability: Nationwide may not be available in all states or regions, which could limit coverage options. For more information, read our Nationwide auto insurance review.
#6 – Progressive: Best for Based Premiums
Pros
- Name Your Price Tool: Progressive offers a unique “Name Your Price” tool, allowing customers to find a policy that fits their budget.
- Innovative Technology: They provide advanced digital tools for managing policies and filing claims.
- Strong Discounts: Progressive offers various discounts, including safe driver discounts and multi-policy discounts. (Read more: Progressive Auto Insurance Discounts)
Cons
- Customer Service Concerns: Some customers have reported issues with Progressive’s customer service.
- Rate Increases: Progressive may increase rates after a claim, depending on the circumstances.
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#7 – Chubb: Best for Value Vehicles
Pros
- High-Value Coverage: Chubb specializes in high-value coverage, including classic cars and collector vehicles.
- Exceptional Customer Service: They are known for their excellent customer service and claims handling.
- Customized Coverage: Chubb offers highly customized insurance solutions to meet individual needs.
Cons
- Higher Premiums: Chubb’s premiums can be higher due to their focus on high-value assets and specialized coverage.
- Limited Availability: Chubb may have limited availability in certain regions, restricting coverage options. Learn more in our Chubb auto insurance review.
#8 – Farmers: Best for Vintage Car
Pros
- Extensive Coverage Options: Farmers offers a wide range of coverage options, including specialized coverage for classic cars.
- Personalized Service: They provide personalized service through a network of local agents.
- Competitive Rates: Farmers often offers competitive rates for their insurance policies.
Cons
- Mixed Customer Reviews: Farmers has received mixed reviews regarding customer service experiences.
- Availability: Farmers’ coverage may not be available in all states or regions. Check their availability in our Farmers auto insurance review.
#9 – Allstate: Best for Roadside Assistance
Pros
- Name Recognition: Allstate is a well-known insurance provider with a strong brand reputation.
- Variety of Discounts: They offer a variety of discounts, including safe driving discounts and bundling discounts.
- Digital Tools: Allstate provides user-friendly digital tools for managing policies and filing claims.
Cons
- Higher Premiums: Allstate’s premiums can be higher compared to some other insurers. Learn more about their premiums in our Allstate auto insurance review.
- Mixed Customer Service Reviews: Some customers have reported issues with Allstate’s customer service.
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#10 – Safeco: Best for Policy Discounts
Pros
- Flexible Coverage Options: Safeco offers flexible coverage options that can be customized to fit your needs.
- Competitive Rates: They provide competitive rates for their insurance policies. Learn more in our Safeco auto insurance review.
- Online Services: Safeco offers convenient online services for managing policies and making payments.
Cons
- Customer Service Concerns: Some customers have reported challenges with Safeco’s customer service.
- Limited Availability: Safeco may not be available in all states or regions, which could limit coverage options.
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.
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.
Read more: Can I park my car on the road with no insurance?
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.
Classic car owners can find affordable insurance without a garage by openly discussing the realistic value of their vehicle with their insurance company.Jeffrey Manola LICENSED INSURANCE AGENT
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.
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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.
Auto Insurance Monthly Rates for Classic Car Without a Garage by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $60 $110
Chubb $70 $120
Farmers $50 $100
Hagerty $40 $80
Liberty Mutual $50 $95
Nationwide $60 $110
Progressive $55 $105
Safeco $55 $105
State Farm $45 $90
Travelers $55 $100
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.
Read more: Does my car qualify for classic auto insurance?
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.
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. (Read more: Best Garaging & Storing Auto Insurance Discounts)
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.
Protect your vehicle from whatever the road throws at it by entering your ZIP code into our free comparison tool below to see affordable car insurance quotes.
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Frequently Asked Questions
What is garageless classic car insurance?
Garageless classic car insurance is a specialized type of insurance coverage designed for owners of classic cars who do not have access to a traditional garage or storage facility. It provides protection for classic cars that are stored in alternative locations such as driveways, carports, or rented storage units.
Why do I need garageless classic car insurance?
If you own a classic car but do not have a garage to store it in, you may be exposed to certain risks that could potentially damage or devalue your vehicle. Garageless classic car insurance offers coverage for risks like theft, vandalism, fire, and weather-related damage, providing financial protection and peace of mind.
Find the best comprehensive car insurance quotes by entering your ZIP code below into our free comparison tool today.
What does garageless classic car insurance typically cover?
Garageless classic car insurance typically provides coverage for a range of perils, including theft, vandalism, fire, lightning, hail, windstorm, falling objects, and other weather-related damages. Additionally, it may offer liability coverage in case your classic car causes damage to someone else’s property or injures someone.
Read more: Types of Auto Insurance
Are there any limitations or exclusions with garageless classic car insurance?
Yes, like any insurance policy, garageless classic car insurance may have certain limitations and exclusions. Common exclusions include mechanical breakdown, regular wear and tear, damage caused by improper maintenance or modifications, and racing-related incidents. It’s important to carefully review the policy details to understand what is covered and any specific exclusions that may apply.
How is the value of my classic car determined for insurance purposes?
The value of your classic car for insurance purposes can be determined through various methods, including agreed value and actual cash value (ACV). Agreed value coverage sets a pre-determined value for your vehicle, which is agreed upon by you and the insurance company. ACV coverage typically takes into account factors such as the car’s age, condition, market value, and any modifications.
Can I drive my classic car if I have garageless classic car insurance?
Yes, you can typically drive your classic car if you have garageless classic car insurance. However, the policy may have certain restrictions on usage, such as mileage limits or requirements for secure overnight parking. It’s important to review your policy or consult with your insurance provider to understand any specific limitations on driving your classic car.
Read more: Do you need auto insurance if you don’t drive your car?
How can I find garageless classic car insurance?
To find garageless classic car insurance, you can start by contacting insurance companies that specialize in classic car insurance. They will be familiar with the unique needs of classic car owners, including those without a garage. You can also consult with insurance agents or brokers who can help you find appropriate coverage based on your specific requirements.
Can I get classic car insurance if I don’t have a garage to store my vehicle?
Yes, it is possible to get classic car insurance even if you don’t have a garage. While many insurance companies prefer that classic cars be stored in a garage, there are specialized insurance providers that offer coverage for classic cars stored in driveways, carports, or rented storage units. Companies like Hagerty, State Farm, and Liberty Mutual are known for providing flexible policies that accommodate various storage situations.
How do I find classic car insurance that doesn’t require proof of garage storage?
To find classic car insurance without a garage requirement, you should look for insurance companies that offer specialized coverage for classic cars. It’s important to discuss your vehicle’s value openly with insurance providers to determine eligibility for coverage without a garage. Companies like Hagerty and Grundy are known for their understanding of classic car needs and may offer policies that suit your situation.
Read more: Can you get auto insurance without a title?
What are the advantages of choosing agreed value coverage for my classic car?
Agreed value coverage is beneficial for classic cars because it allows you to set a pre-determined value for your vehicle with the insurance company. This value is agreed upon by both parties and ensures that in the event of a covered total loss, you will receive the agreed-upon amount, taking into consideration your investment in the vehicle and any modifications. This is especially useful if your classic car doesn’t have a standard market value.
Enter your ZIP code below into our free comparison tool to see how much car insurance costs in your area.
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Tracey L. Wells
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Licensed Insurance Agent & Agency Owner
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
