2026 Calculator
Classic Car Insurance Calculator
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This estimate is based on projected 2026 data and industry averages. Actual premiums vary by insurer, location, and individual factors. Consult a licensed insurance agent for accurate quotes.
*Based on estimated 2026 projections. Data may not reflect real-time legislative changes.
FAQ
How is classic car insurance calculated in 2026?
Calculations are primarily based on the 'Agreed Value' of the vehicle rather than Actual Cash Value (ACV). Because classic cars typically appreciate, insurers use market indices (like the Hagerty Valuation Tool or S-Class benchmarks) combined with usage restrictions (typically <2,500 miles/year) and storage quality to determine premiums. On average, you pay 1.5% to 2.5% of the car's agreed value annually.
What is the 2026 'Modern Classic' insurance trend?
Modern Classics (1990–2010) are the fastest-growing segment in 2026. Due to high demand from Gen X and Millennial collectors, vehicles like the Nissan Skyline GT-R or Porsche 996 are seeing insurance premiums rise alongside their rapidly increasing market valuations. For these cars, choosing 'Inflation Riders' that adjust agreed value automatically every 12 months is becoming industry standard.
Does New Jersey's 2026 insurance law change affect classic cars?
Yes. NJ's 2026 law increasing liability minimums to 35/70/25 applies to all registered passenger vehicles, including classics. While your hull coverage (Agreed Value) remains the same, your liability portion of the premium may see a 5-8% increase depending on your current limits.
Why is agreed value better than stated value for 2026?
Stated Value allows an insurer to pay the amount you stated OR the actual cash value (ACV), whichever is lower at the time of loss. In a high-inflation environment like 2026, ACV often lags behind actual market value. Agreed Value guarantees the full amount on the policy page regardless of market dips, providing 100% financial certainty.
What are the secure storage requirements for 2026 policies?
Strict underwriting in 2026 requires the vehicle to be stored in an 'enclosed, permanent structure' (garage, private hangar, or specialized collector facility). Storing a classic car in a carport or on a driveway typically disqualifies it for low-cost specialty insurance and forces it onto a more expensive standard auto policy.
What mileage limits apply to 2026 collector policies?
Standard classic tiers usually offer 1,000, 2,500, or 5,000-mile annual plans. For 2026, several insurers have introduced 'Leisure Multi-Tier' plans which allow for occasional commuting up to 10 days per month, though this typically increases premiums by 15.4%.