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: Feb 4, 2022

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At a Glance

  • You should consider purchasing auto insurance for your muscle car, even if you don’t drive it, so it will be protected in the event of damage while in storage
  • Hagerty, American Modern, and American Collectors are among the top companies for insuring classic vehicles
  • Muscle cars can cost anywhere from $200 a year to $1,500 a month to insure depending on the make, model, and how much work you’ve done on the vehicle

If you like muscle car projects, you may do serious research in order to find the best muscle cars to restore. As you restore muscle cars, it’s important to consider what auto insurance would be best for a restored muscle car.

It’s true that you don’t need car insurance on a car you don’t plan to drive, but if you have one or more old classic muscle cars stored somewhere, you may want to make sure you find the best car insurance company to make sure your cars are covered in case something happens to damage the vehicles.

Just because you’re insuring a vintage car doesn’t mean you need to overpay for auto insurance. Your best bet for finding affordable car insurance for restored muscle cars is to shop around online and compare quotes from multiple companies at once.

In fact, you can use our free quote tool above to find and compare car insurance rates for your restored muscle car today.

What’s the best auto insurance for cool old muscle cars?

If you have a muscle car, you may already have car insurance on it. This is especially true if you drive your car to shows so other people can see your vehicle.

But there are some companies that spend more time insuring classic muscle cars than others, and it’s not a bad idea to consider purchasing a policy with these companies. Aside from knowing more about muscle cars and how much they’re worth, these companies also help to cover aspects of muscle cars that a traditional car insurance policy might not cover.

When it comes to the best insurance company for muscle cars, it’s truly up to you. You can shop around online to find companies that allow for special muscle car coverage and don’t charge too much per month in auto insurance rates. But there are a few companies that are well-known for being the best in the business.

Some of the top companies for insuring restored muscle cars include:

  • Hagerty
  • American Modern
  • American Collectors
  • Grundy
  • Safeco
  • State Farm
  • Heacock Classic
  • Leland-West
  • Auto Club of Southern California Insurance Group

If you’re interested in the companies listed above, you can reach out to them directly to tell them about your muscle car and see how much they might charge you for coverage.

Keep in mind that rates for car insurance for muscle cars vary significantly from one company to the next. So you should compare rates between at least a few companies to make sure you don’t end up paying too much.

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How much is auto insurance for muscle cars?

There’s no way to know how much you will pay for coverage on your muscle car until you start to shop around for quotes. This will help you know how much you can expect to pay and figure out which companies are the most affordable when it comes to covering vintage vehicles.

Most people know whether or not their car needs special insurance. The standards for needing special insurance for a muscle or classic car often include:

  • The vehicle is at least 25-30 years old.
  • The vehicle is heavily modified or a hotrod.
  • The vehicle is considered an exotic or luxury car.
  • The vehicle is a standard muscle car or classic truck.

Obviously, by definition alone, your muscle car will need specialty insurance. Often, this insurance can cost less than standard auto insurance coverage if you do not plan to drive your muscle car.

Essentially, your classic car insurance for a stored car only needs to cover the comprehensive portion of a full policy but does not need to include collision, liability, or any of the more commonly used coverages for when someone is driving a vehicle.

Some classic cars can be as little as $200-$400 a year to insure, while others may cost well over $1,000 a month for coverage.

If you want more information, you should seek out specific car insurance quotes for your muscle car to see how much you would end up paying for coverage. If you do not drive your vehicle, it could save you a lot of money in monthly car insurance rates.

What are the best old-school cars to restore?

When it comes to restoring classic cars, everyone has an opinion. Depending on who you ask, you may get varying answers to the question of the best old-school cars to restore.

The table below shows the top 10 classic cars to restore, according to data in the U.S.

Vehicle / YearOriginal Cost / Base PriceRestored Cost (estimate only) or estimated value based on condition.*
Packard (1951 - 1954)$2,548$5,300 - 25,000+ avg
Buick Riviera (1963 - 1965)$4,333$9,400 - $49,100

Ford Model A (1928 - 1931)$500$10,000 to $80,000+ avg
Lincoln Continental (1961 - 1966)$2,812 approx.$12,700 avg
Cadillac (1965 - 1966)$5,419 approx.$13,000 avg
Pontiac Grand Prix (1962)$3,490$14,100 avg
Chevrolet Bel Air (1953 -1954)$1,741$17,200 avg
Pontiac GTO (1971 - 1972)$3,450 - $4,070$18,800 avg
Dodge Challenger (1972 - 1973)$3,082$20,000 avg
Ford Mustang (1964 - 1968)$2,602 - $2,814$20,100 - 250,000+ avg
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Again, depending on the cars you like and the ways in which you like to restore them, you may find that your favorite muscle car to restore somehow did not make this top 10 list. You’ll need to figure out which car is the best for you and what you can handle with your knowledge and expertise.

Should I buy auto insurance for my muscle car?

You should always have car insurance for your muscle car. If you drive the car around, this is especially true. But even if your muscle car stays in storage virtually all the time, you will need coverage for the car to make sure you don’t have to pay out of pocket to fix any damages it incurs while being in storage.

Depending on the type of car you are insuring, you may find that you want very specific coverage. If that’s the case, you can do some research online to see if any car insurance companies specialize in that specific make and model. You may be surprised to find how many car insurance companies are willing to offer you coverage for your muscle car.

Don’t settle for a car insurance rate for your muscle car until you shop around online and compare prices from several companies. There’s no reason for you to overpay for coverage. So be sure to compare multiple quotes from different companies until you find a car insurance policy that will work for you.

You can use our free quote tool below to find and compare car insurance rates for your muscle car today.

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