classic car insurance nj

Antique and classic cars present two unique issues for insurance. Physical damage to the car and generally limited road use.

Physical damage is usually calculated as actual cash value which means the price of the vehicle new less depreciation on the vehicle. But for antiques, because of their age, they are fully depreciated. A one hundred year-old car would be worthless under an ACV valuation.

Antique vehicles use an agreed amount valuation. The car owner gets an appraisal, the insurance company agrees on the amount, and total losses are based on that valuation.

Road use tends to be restricted for antiques. Parades, shows, even a few jaunts around town, but rarely used as everyday vehicles. Since they’re not used as daily drivers, this specialized coverage is much less expensive than ordinary car insurance.

Policies for antique and classic car insurance in NJ can be written for true classics, street rods, and even hand-built kits. To be eligible for an antique auto insurance policy, you’ll need:

  1. A car (normally 25+ years old, unless it’s a “kit car”)…
  2. with low annual mileage (most insurers want for 2,500 or less)…
  3. that’s not your daily driver.
  4. And the ability to show proof that your daily driver is separately insured.


Antique Auto Insurance in NJ from Marine Agency

Marine Agency offers affordable classic car and antique car insurance policies for New Jersey drivers. We love vintage cars and enjoy finding an insurance solution for everything from backyard rat rods to museum quality collector pieces.

Need more information about our NJ classic car insurance policies? Contact us to get a quote!

Call us for a quotation today at 800-763-4775