Collector Car Insurance

Americans love their cars. And if you’re one of the people who collect the finest high-performing or antique cars, you’re part of an even more devoted niche.

There are an estimated 10,000 auto gatherings every year in the US. They range from grand exhibits, such as the Pebble Beach or Amelia Island Concours d’Elegance, to small, informal get-togethers in a high school parking lot—where local collectors show off their favorite rides and ogle what friends have acquired.

No matter the level of participation, the popularity of these events points to an on-going love affair with the automobile. For many enthusiasts, it’s a life-long passion. If you fall into this category, you may have begun your collection for sheer aesthetic enjoyment, to diversify an investment portfolio or just to satisfy the itch to own a particular car you first noticed as a teenager.

Whether your goal is to collect numerous examples of a single marque or acquire that one particularly elusive automobile with an unmatched pedigree, you need to give careful consideration to the kind of classic car insurance needed for these special vehicles. Collector cars aren’t like their more common counterparts. They require more intensive risk management and loss prevention efforts to preserve value and prolong your enjoyment.

Classic and antique car insurance designed for you

AIG collector car insurance includes these important features:

  • Agreed value coverage—Ensures you won’t be penalized for depreciation during your policy term
  • Market appreciation coverage to account for rising values—Unlike your everyday cars, collector cars can increase in value. AIG's policy allows the flexibility to pay as much as an additional 50% of the agreed-upon value which protects you if your car appreciates but is damaged before the value is updated on your policy.
  • Diminution in value coverage for partial loss—Once a collector car is damaged, its value may take a substantial hit, even if the repairs make it run like new again. AIG's flexible policy includes coverage for the difference in a vehicle’s value before and after a loss.
  • Automatic coverage for new purchases—Immediate coverage for newly acquired vehicles, so you’re protected during the time it takes to add that new car to your policy (up to 90 days).
  • Worldwide coverage—If you take your prized vehicles outside the US for any reason, AIG's policy provides worldwide coverage. Many collector car policies don’t. AIG can also seamlessly arrange the necessary international liability coverage and paperwork.
  • Full transit coverage—Protection while shipping vehicles from place to place, whether that means a second home in another state or an historic rally in another country.
  • Comprehensive liability coverage—One policy to cover the entire collection.