Overview
Classic car policies use agreed value – you and the insurer agree up front what the car is worth – rather than the depreciating actual cash value most policies use. Premiums are usually lower than a standard policy because mileage is limited.
Key benefits
- Agreed value payout
- Specialty repair shop options
- Lower premiums based on limited use
- Coverage for spare parts and tools
Real-world examples
Show car total loss
Your restored 1967 Mustang is totaled in a garage fire. Agreed-value coverage pays the full insured amount, not a depreciated value.
Related coverages
Required by Texas law – covers the other driver when you're at fault.
Liability + collision + comprehensive – the package most lenders require.
Repairs your vehicle after a crash – regardless of who's at fault.
Protects against theft, hail, vandalism, and animal strikes.
Classic Car Insurance is one piece of a complete Texas policy. See how it fits alongside every other coverage in our El Paso auto insurance guide, or compare rates for your neighborhood on our local coverage pages.