Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jan 27, 2022

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At a Glance

  • State Farm recently merged with Hagerty to offer a convenient classic car insurance hub for policyholders
  • State Farm classic car insurance comes with requirements regarding the vehicle’s age, your driving record, and how often the classic car can be driven
  • On average, classic car insurance rates are 36% less than standard rates

State Farm classic car insurance policies are getting a face-lift. After a merger with Hagerty in 2022, State Farm now offers a new type of auto insurance for classic cars called State Farm Classic+.

If you’re buying a classic car, you will need a specific type of insurance policy to protect your vehicle. State Farm Classic+ is an affordable option.

But there are many auto insurance companies that specialize in classic and historic car insurance, including GEICO and Allstate classic car insurance plans. To find the most affordable coverage, shop around with multiple companies. Read our guide now to learn more about State Farm Classic+, what qualifies as a classic car for insurance, and where to compare cheap car insurance quotes for free.

Are you looking for State Farm classic car insurance quotes? Get free quotes from local companies here with our comparison tool above. Enter your ZIP code to start comparison shopping today.

What does State Farm classic car insurance cover?

State Farm Classic+ is available to any driver with a historic vehicle between 10-24 years old or an antique vehicle over 25 years old. Policies provide liability and full coverage, as well as Medical Payments (MedPay) and uninsured motorist insurance (UMI). Drivers can also purchase roadside assistance.

With a State Farm classic car policy, drivers are given up to $500 for spare parts and a 24-Hour Good Neighbor Service hotline to answer any questions about classic autos or your policy. 

Before you buy State Farm classic car insurance, you and your agent will discuss the type of vehicle you own and its worth. Since classic autos appreciate in value, insurance agents don’t use the standard book value for these vehicles. Instead, State Farm considers the vehicle’s age, condition, and the type of car when determining value and policy coverages.

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What are State Farm’s classic car insurance requirements?

Not every older car can qualify for State Farm Classic+, so what qualifies as a classic car for insurance?

Vintage vehicles must meet certain criteria for coverage. Limits often impact how often a classic car can be driven and how old the driver must be.

Criteria to buy State Farm classic car insurance includes:

  • Vehicle cannot be driven more than 2,500 miles per year
  • Driver must have another regular-use vehicle to drive
  • Vehicle must be stored in an enclosed building or garage

The agreed value of your vehicle must also meet State Farm’s limits, which can vary depending on the make, model, year, and type of vehicle you’re trying to insure. That’s why this agreed value between you and the agent will be the basis of your policy. And the more the vehicle is worth, the higher your State Farm classic car insurance rates will be.

How much are State Farm classic car insurance rates?

State Farm Classic+ insurance coverage depends on the agreed value of your vehicle. Therefore, it’s impossible to get State Farm classic car quotes online. You will have to call and speak with an agent to discuss your options, your vehicle, and get quotes.

But is a classic car cheap to insure? Traditionally, yes. 

Classic car insurance rates are 36% less than standard rates. You could pay between $400-$600 per year ($30-$50/month) for coverage.

Previously, State Farm classic car coverage only covered antique and classic cars. Since Hagerty classic car insurance specializes in all sorts of vehicles — from muscle cars to antique tractors — State Farm can now be more flexible with its policy options. Policyholders can now look forward to coverage extending to vintage and lifestyle vehicles, race cars, motorsport vehicles, military vehicles, and more in 2023.

How does State Farm Classic+ compare to other insurance companies?

State Farm and Hagerty merging together as a one-stop insurance hub may seem convenient, but many other classic car insurance companies are available to you. It can pay to compare at least three different companies to guarantee you’re getting the best coverage.

Take a look at the table below to see what types of coverage these top classic car insurance companies are offering:

Auto Insurance Company Min. Vehicle AgeMileage LimitRegular UseSpare Parts CoverageRestoration coverage Inflation Guard Bundling 
Grundy None NN$500NN
Hagerty None N$750NN
Classics Inc.None NN$750YN
State Farm 10YY$500NNN
Safeco 10YYN/ANNY
American CollectorsNone NN$500YYN
American Modern NoneNN$2,000NYN
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State Farm classic car coverage looks slim. But, remember the company has merged with Hagerty and will offer broader coverage options and more. Compare both Hagerty and State Farm classic car policy options to the others to find the right company for you.

For example, GEICO classic car insurance is comparable to State Farm and Hagerty. However, it offers a bundling discount, which could lead to more affordable rates if you already have other policies with GEICO. 

This is why it’s essential to shop around and compare companies. Don’t forget to ask about discounts and policies that cater to your unique type of classic car. You may find a smaller insurer that offers more competitive rates for your car than the State Farm classic car insurance company, especially if you need a policy for a racing or kit car.

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Should I buy State Farm Classic car insurance?

Classic car insurance is so unique to each driver and their vehicle. You should shop around with more than one insurer to see who offers the best rates before you buy a policy with State Farm or anywhere.

However, if you drive a specialty or collector car, own and race a vehicle, or need unique coverage for a military vehicle, State Farm Classic+ could be the most affordable option for you.

Since State Farm will be merging its traditional classic car insurance coverage with Hagerty, an insurer that specializes in unique and collector cars, policyholders will be able to take advantage of new policy options and a broader swathe of coverage. Hagerty is well known for offering very affordable coverage, and these savings will be passed on to State Farm customers.

If you want to make sure affordable State Farm classic car insurance is available in your area, enter your ZIP code below. We can connect you with free classic car insurance quotes from local companies near you.

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