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Classic Car Insurance Georgia


Agreed Value Coverage for Your Collector Vehicle


Classic car insurance in Georgia costs $200-$1,500/year depending on your vehicle's agreed value, usage, and storage. For a $50,000 classic car driven 2,000 miles/year and stored in a garage, expect to pay $400-$700/year for comprehensive agreed value coverage.


If you're a Johns Creek, Alpharetta, or Milton car enthusiast with a classic, antique, or collector vehicle, specialized classic car insurance from Concierge Insurance Group protects your investment far better than standard auto insurance—essential for financially responsible families who've invested significantly in their passion.


Your classic car is more than transportation—it's an investment ($30,000-$200,000+ for most North Atlanta collectors). One accident, one theft, one undervalued claim could cost you tens of thousands without proper insurance.

The Hidden Danger: Your Standard Auto Insurance Will Undervalue Your Classic Car

Here's what most classic car owners don't realize:

Your standard auto insurance policy values your classic car using actual cash value (depreciated market value)—not its true collector value. This means your insurance company gets to decide what your car is worth, often tens of thousands less than what you paid or what it would cost to replace.

The Three Critical Gaps

  • ❌ Actual Cash Value Only – Insurance company decides value, usually far too low
  • ❌ No Appreciation Coverage – Classic cars increase in value; standard policies ignore this
  • ❌ Limited Spare Parts Coverage – Valuable spare parts collections often aren't covered

The result? Your $75,000 classic Corvette is totaled, and your standard insurer pays $28,000 (their depreciated valuation). You now owe $47,000+ out-of-pocket to replace it.

What You Risk Without Classic Car Insurance

Real Classic Car Loss Scenario from Johns Creek

A Johns Creek car enthusiast owned a pristine 1967 Ford Mustang Fastback restored over 6 years. Appraised value: $110,000. He insured it under his standard auto insurance policy, assuming it would cover the full value.

  • Restoration period: 6 years
  • Appraised value: $110,000
  • Receipts proving: $95,000 invested
  • Coverage type: Standard auto insurance

The car was later totaled in an accident — not his fault. He believed his standard policy would pay the full amount.

What Actually Happened

Because he had standard auto insurance (not agreed value), the insurance company applied actual cash value — depreciation.

  • Insurance payout: $37,000 (their ACV valuation)
  • Actual investment: $95,000
  • Loss from depreciation: $58,000+
  • No payment for spare parts, upgrades, or restoration labor

Additional Losses:

  • Years of restoration work — gone
  • Emotional attachment — irreplaceable
  • Unable to find a comparable replacement vehicle

All because he didn’t have classic car insurance with agreed value coverage (which would have paid the full $110,000 for ~$600/year).

What he could have lost:

  • His full $110,000 investment
  • 6 years of meticulous restoration
  • His dream car
  • His peace of mind

What You Risk Without Classic Car Insurance

North Atlanta Scenario

A classic car owner in Alpharetta had a restored 1969 Chevrolet Camaro SS valued at $85,000. He assumed his regular auto insurance was enough.

After a garage electrical fire, the car was declared a total loss. His regular auto insurance paid **actual cash value**, not the vehicle’s real worth.

  • Actual cash value payout: $18,000
  • Real market value: $85,000
  • Restoration costs lost: $40,000+
  • Spare parts collection destroyed
  • No show/event coverage

With Classic Car Insurance

Classic car insurance (with agreed value coverage) would have protected everything — and paid the full appraised value.

  • Agreed value payout: $85,000
  • Spare parts coverage: $5,000–$10,000
  • Show/event coverage included
  • Restoration coverage included
  • Roadside assistance for classic/low-profile cars

What he could have avoided losing:

  • Full restoration investment
  • Rare OEM parts
  • Collector value
  • Show car reputation
  • Financial loss from market appreciation

What Is Classic Car Insurance and How Much Does It Cost?

What Is Classic Car Insurance?

Classic car insurance (also called collector or antique car insurance) provides specialized protection for vintage, rare, or appreciating vehicles using **agreed value coverage** — meaning you and the insurance company agree on the vehicle’s true value upfront.

  • Agreed Value Coverage: Full payout with no depreciation
  • Spare Parts Coverage: Protects rare parts & accessories
  • Show Coverage: While at car meets, shows, or events
  • Roadside Assistance: For classic/low-profile vehicles
  • Inflation Guard: Automatic annual value increases
  • Diminished Value: Covers loss in value after repairs
  • Original Parts: OEM parts, not aftermarket substitutions
  • Restoration Coverage: Protection during rebuild or upgrade

How Much Does Classic Car Insurance Cost in Georgia?

Typical annual premiums for North Atlanta classic car owners:

Agreed Value Mileage Storage Annual Premium Monthly Cost
$50,000 2,000 miles Garage $400–$600 $33–$50
$75,000 3,000 miles Garage $550–$750 $45–$62
$100,000 4,000 miles Garage $700–$1,000 $58–$83
$150,000+ 5,000 miles Climate-controlled $1,000–$2,000+ $83–$166+

Who Needs Classic Car Insurance in Georgia?

Self-Assessment: Do You Need Classic Car Insurance?

You need classic car insurance if you:

  • Own a classic, antique, or collector car (typically 20+ years or special interest)
  • Your car is worth $20,000 or more (standard auto undervalues it)
  • Your car appreciates in value over time
  • You’ve invested heavily in restoration (labor, paint, engine work, OEM parts)
  • You own spare or original parts ($5,000–$50,000+)
  • You drive it occasionally (under 5,000 miles per year)
  • You store it in a garage or climate-controlled space
  • You’re a car enthusiast or member of a car club

If you checked 3 or more boxes, classic car insurance is essential.

What Qualifies as a “Classic Car”?

Classic car insurance typically covers the following categories:

Classic Cars (20–40 years old)

  • 1980s–2000s vehicles
  • Examples: 80s Corvettes, 90s Porsches, 70s–90s Mustangs

Antique Cars (40+ years old)

  • Pre-1990 vehicles
  • Examples: 60s Mustangs, 70s Chevrolets, early Camaros

Collector Cars

  • Special interest, limited production, or historically significant
  • Examples: Ferrari F355, Lamborghini Diablo, rare imports

Modified / Custom Cars

  • Resto-mods, hot rods, pro-touring builds
  • Examples: LS-swapped classics, custom suspension cars

Muscle Cars

  • 1960s–1970s American performance cars
  • Examples: Chevelle SS, GTO, Charger R/T, Mustang Boss

Johns Creek & Alpharetta Classic Car Owners

Why local North Atlanta owners need classic car insurance:

  • High-value collections — $50,000–$150,000+ vehicles
  • Large Corvette club community
  • Homes with 3-car garages for protected storage
  • Regular participation in local car shows
  • Major investments in restoration and OEM parts

Typical Johns Creek/Alpharetta Owner

  • 2020 Corvette Stingray ($80,000 agreed value)
  • 2,000 miles per year (weekend use)
  • Stored in climate-controlled garage
  • Spare parts collection ($2,500)
  • Car club member
  • Recommended coverage: Agreed value + spare parts + show coverage
  • Typical cost: $400–$800/year

Milton Classic Car Owners (Large Collections)

Why Milton owners often require specialized classic car insurance:

  • Multiple classic vehicles — 2 to 5 car collections
  • High-value cars — $100,000–$300,000+ each
  • Private garages & workshops for restoration
  • Active restoration projects
  • Affluent collectors and investors

Typical Milton Collector

  • 3–4 classic vehicles
  • Total collection value: $250,000–$500,000+
  • Examples: 1963 Corvette Split Window, 1969 Camaro Z/28, Chevelle SS
  • Large climate-controlled garage
  • Recommended: Agreed value on each vehicle + multi-car discounts
  • Typical cost: $2,500–$3,500/year for entire collection

Dave Ramsey Followers (Debt-Free Classic Car Owners)

Many Dave Ramsey followers prefer classic cars because they pay cash and avoid debt. Classic car insurance protects that investment.

  • Paid cash for the car (Baby Step 3+)
  • Significant investment — $30,000–$100,000+
  • Protects wealth and long-term appreciation
  • Agreed value ensures you never lose your investment

Typical Dave Ramsey Classic Car Owner

  • 1970 Chevelle SS ($65,000 agreed value, paid cash)
  • Garage stored
  • 2,500 miles/year
  • Recommended: Agreed value + umbrella protection
  • Typical cost: $600–$800/year

What Happens Without Classic Car Insurance (Real Scenarios)

Problem #1: Standard Auto Insurance Undervalues Your Classic Car

The most common and expensive mistake.

Example: Alpharetta Mustang Fastback

  • Your investment: Purchase price: $35,000; Restoration costs: $40,000; Current appraised value: $85,000
  • Standard auto insurance: Values car at "actual cash value": $52,000; Paid: $52,000; You lost: $33,000
  • With classic car insurance (agreed value): Agreed value: $85,000; Paid: $85,000; You owe: $0 (except deductible)
  • Cost difference: Standard auto insurance: $900/year; Classic car insurance: $650/year; Pays $30,000 MORE

Problem #2: Spare Parts Not Covered

Example: Johns Creek Corvette Owner

  • Your garage is broken into. Thieves steal: Corvette $65,000; Spare parts collection $25,000; Tools/equipment $10,000; Total loss: $100,000
  • Standard auto insurance: Covers car: $65,000 (if lucky); Spare parts: $0; Tools: $0; You lost: $35,000+
  • Homeowners insurance: May cover some tools/parts, limited to $2,500–$5,000; You still lost: $30,000+
  • With classic car insurance: Covers car: $65,000; Spare parts: $25,000; Tools: $10,000; Total paid: $100,000; You owe: $0 (deductible)

Problem #3: No Coverage During Restoration

Example: Milton Camaro Restoration

  • Restoring a 1969 Camaro Z/28. Fire destroys garage: Car (partially restored) $45,000; Spare parts $20,000; Tools $15,000 Total loss $80,000
  • Standard auto insurance: May not cover car (not road-worthy); Claim denied; You lost $80,000
  • With classic car insurance (restoration coverage): Covers car: $45,000; Spare parts: $20,000; Tools: $15,000; Total paid: $80,000; You owe: $0 (deductible)

Problem #4: Depreciation After Repairs

Example: Alpharetta Ferrari

  • Ferrari $150,000 damaged in accident; Repairs: $30,000; Value drops to $120,000
  • Standard auto insurance: Pays for repairs $30,000; Diminished value $0; You lost $30,000
  • With classic car insurance (diminished value coverage): Pays repairs $30,000; Pays diminished value $30,000; Total paid: $60,000; Car value made whole

Agreed Value vs. Actual Cash Value: The Critical Difference

Actual Cash Value (Standard Auto Insurance)

What it is: The insurance company determines your car's depreciated market value at the time of loss.

How it works:

  • You total your classic car
  • Insurance company researches "comparable sales"
  • They decide what your car was worth
  • They pay that amount (usually much less than you think)

Example:

  • Your Chevelle SS
  • You invested: $70,000 (purchase + restoration)
  • Insurance company's actual cash value: $45,000
  • You receive: $45,000
  • You lost: $25,000

Problems:

  • Insurance company decides value (you have no say)
  • Often use non-comparable sales (different condition/options)
  • Doesn't account for restoration costs
  • Doesn't account for appreciation
  • You fight with insurance company for months

Agreed Value (Classic Car Insurance)

What it is: You and the insurance company agree on your car's value upfront (before any loss).

How it works:

  • You provide appraisal or documentation
  • Insurance company agrees on value
  • Value is stated in your policy
  • If totaled, you receive the full agreed value (no arguments)

Example:

  • Your 1970 Chevelle SS
  • Agreed value: $70,000 (documented with appraisal)
  • Car is totaled
  • You receive: $70,000
  • You lost: $0 (fully covered)

Benefits:

  • You know exactly what you'll receive
  • No arguments after a loss
  • Accounts for restoration costs
  • Accounts for appreciation
  • Peace of mind

Which Should You Choose?

For classic cars worth $20,000+, agreed value is ESSENTIAL.

  • Protects your investment (purchase + restoration)
  • Protects your time (years of work)
  • Protects your passion (emotional attachment)
  • Protects your peace of mind (no insurance arguments)

Cost difference: Classic car insurance with agreed value is often CHEAPER than standard auto insurance with actual cash value.

Best Classic Car Insurance Carriers for Georgia Classic Car Owners

Hagerty

Best for: Most classic car owners, industry leader

  • Largest classic car insurer (specializes in classics)
  • Agreed value coverage
  • Spare parts coverage (up to $10,000)
  • Inflation guard (automatic value increases)
  • Roadside assistance (flatbed towing)
  • Show coverage included
  • No mileage restrictions (unlimited for some policies)
  • Car club member discounts

Typical cost: $400–$1,200/year

Grundy

Best for: High-value classics, agreed value specialists

  • Agreed value coverage (no depreciation)
  • No mileage restrictions
  • Spare parts coverage
  • Show coverage
  • Inflation guard
  • Original parts coverage
  • Multi-car discounts

Typical cost: $350–$1,000/year

American Modern (Collector Car Insurance)

Best for: Modified/custom classics

  • Agreed value coverage
  • Covers modified and custom cars
  • Spare parts coverage
  • Restoration coverage
  • Flexible usage (daily driver options available)

Typical cost: $400–$1,100/year

American Collectors Insurance

Best for: Multiple classics, large collections

  • Agreed value coverage
  • Multi-car discounts (insure entire collection)
  • Spare parts coverage (up to $50,000)
  • Show coverage
  • Inflation guard
  • Diminished value coverage

Typical cost: $350–$1,000/year per vehicle

Chubb Collector Car Insurance

Best for: Ultra-high-value classics, exotic cars

  • Agreed value coverage
  • Covers exotic and ultra-rare vehicles
  • High spare parts limits ($1,000+)
  • Worldwide coverage
  • Concierge claims service
  • White-glove service

Typical cost: $1,000–$3,000+/year

As an independent agency, we compare all carriers to find you the best coverage at the best price.

Why North Atlanta Classic Car Owners Trust Concierge Insurance Group

We're Car Enthusiasts Too

We understand classic cars because we're enthusiasts ourselves. We know the difference between a numbers-matching Corvette and a clone. We understand why original parts matter. We appreciate the passion.

We speak your language.

We're Independent (We Work for You)

We compare Hagerty, Grundy, American Modern, American Collectors, and Chubb to find you the best agreed value coverage. We're not captive to one carrier, which means you get unbiased advice and coverage that fits your car.

We Serve North Atlanta Classic Car Owners

We specialize in Johns Creek, Alpharetta, Milton classic car owners and collectors. We know the local car scene:

  • Caffeine & Octane (Perimeter Mall)
  • North Atlanta Corvette Club
  • Local car shows and cruises

We Review Your Appraisal

Critical: We'll review your appraisal or help you get one to ensure proper agreed value coverage. This ensures your classic car is fully protected at its true value.

Our Simple 3-Step Process

Step 1: Free Classic Car Insurance Quote

What we need:

  • Year, make, model
  • Condition (original, restored, modified)
  • Agreed value (appraisal if available)
  • Annual mileage
  • Storage location

Get Your Free Quote

Step 2: Customized Recommendations

We'll show you agreed value coverage options from multiple carriers. You'll understand:

  • Agreed value vs. actual cash value
  • Spare parts coverage options
  • Show and event coverage
  • Multi-car discounts
  • Transparent pricing

Step 3: Complete Protection & Peace of Mind

Drive and enjoy your classic car knowing your investment is fully protected.

Frequently Asked Questions: Classic Car Insurance

Q: How much does classic car insurance cost in Georgia?

A: Premiums vary depending on your car's agreed value, usage, and storage. Typical ranges:

  • $30,000 classic: $300–$500/year
  • $60,000 classic: $600–$900/year
  • $100,000+ classic: $900–$1,400+/year

Classic car insurance can often be cheaper than standard auto insurance for high-value vehicles due to limited mileage and careful use.

Q: What’s the difference between agreed value and actual cash value?

A:

  • Agreed Value: You and your insurer agree on the car's value before a loss. If totaled, you receive this full amount.
  • Actual Cash Value: The insurer decides your car’s value after a loss, often much lower than expected due to depreciation.

For classics worth $20,000 or more, agreed value coverage is essential to protect your investment.

Q: What qualifies as a "classic car"?

A: Generally, a classic car is:

  • 20+ years old (varies by insurer)
  • Collectible, rare, or special interest
  • Well-maintained or restored
  • Not used as a daily driver

Each carrier has its own definition, so check with your insurance specialist.

Q: Are there mileage restrictions?

A: Many classic car policies include annual mileage limits (often 2,000–5,000 miles/year). Some carriers, like Hagerty and Grundy, provide unlimited mileage options for certain policies.

Q: Does classic car insurance cover spare parts?

A: Yes. Most policies include coverage for spare parts and accessories, typically valued between $5,000–$50,000+, depending on your collection.

Q: Can I drive my classic car daily?

A: Most insurers expect your classic to be a “pleasure use” vehicle, not a daily driver. Some carriers do offer limited daily driver coverage — always disclose how you use your car.

Q: Does classic car insurance cover car shows?

A: Yes, most policies automatically include coverage while attending shows, exhibitions, or cruises.

Q: Do I need an appraisal?

A: For agreed values above $50,000–$75,000, a professional appraisal is usually required. We can help you locate qualified appraisers to ensure proper coverage.

Q: Can I insure a modified classic car?

A: Yes. Carriers like American Modern specialize in modified, restored, and custom classic cars, offering agreed value and spare parts coverage.

Q: Should I bundle classic car insurance with my regular auto insurance?

A: Possibly. Classic car insurance is specialized, so coverage may be better through a classic car insurer. Bundling can sometimes save 5–10%, but we’ll compare both options for you.

Protect Your Classic Car Investment Today

📋 Get Your Free Classic Car Insurance Quote

Protect your investment with agreed value coverage.

  • Quotes from Hagerty, Grundy, American Modern, American Collectors
  • Agreed value coverage recommendations
  • Spare parts coverage options
  • Multi-car discount analysis
  • No obligation, just education

Get Your Free Quote

📞 Talk to a Classic Car Insurance Specialist

Call: (678) 822-0950

Email: info [at] conciergeinsurancegroup [dot] com

We serve classic car owners in:

  • Johns Creek
  • Alpharetta
  • Milton
  • Duluth
  • Roswell
  • Cumming

Office: Satellite Blvd, Duluth, GA