Trends in classic car insurance

Get to know the new ones Trends in classic car insurance in 2025I'll share with you everything you need to know to protect your wheeled jewelry.

If you had told me a few years ago that I would worry more about insurance for my classic car than for my daily driver, I probably would have laughed.

But today, after spending hours restoring my old Mustang '68 and seeing how its value soared in the market, protecting it became a priority.

And I'm not the only one. More and more of us are choosing to preserve these jewels on wheels.

And with that passion comes a question that many collectors (or future collectors) ask themselves: How to properly insure a classic car?

Furthermore, What changes await us in this area by 2025?

After researching, speaking with insurers, attending events, and, of course, my own experience, here I share everything I learned about classic car insurance trends in 2025.

Why is classic car insurance so different?

When I started looking for insurance for my Mustang, I had no idea it would be so different from insuring a modern car.

Value, use, care, everything changes.

A classic car isn't used every day. Its value doesn't decrease over time; on the contrary, it can increase.

Furthermore, every original detail, every well-done restoration, adds up to much more than what a typical insurance company is used to evaluating.

And that's where my adventure began: looking for a policy that understands that this car is not just a means of transportation, but an emotional and financial investment.

Recommended for you: My experience with classic car insurance

What's changing the trends in classic car insurance in 2025?

This year brings several new developments in the world of classic insurance, and some of them can benefit us if we act wisely.

I summarize the most relevant ones:

1. Customized policies based on actual usage

Until recently, many insurers didn't differentiate between a classic car and a regular one.

But by 2025, the best companies are already offering:

• Coverage for limited use (events, exhibitions, weekends).
• Reduced rate if the car is parked in a closed garage.
• Special packages for collections (two or more cars).

This was perfect for me, because my Mustang only goes out on Sundays and sleeps indoors.

2. Agreed value, not commercial value

A major advantage that's becoming more common this year: you can agree on the agreed-upon value of your car with the insurer.

That is, it is not based on generic tables, but on a real appraisal.

Advice: Document everything you've invested in your car with photos, restoration invoices, and certifications. This way, you can justify the agreed-upon value.

3. Coverage for original parts

One trend I find crucial: some new policies are including specific coverage for hard-to-find or high-value historical pieces.

If you've had an original bumper or factory logo stolen, you know how expensive it can be to replace.

Insurers that are doing things right

I'm sharing the ones I personally researched or consulted to insure my car, and which are betting heavily on classics in 2025:

• Mapfre Classics Mexico
  They have packages designed for cars over 30 years old. They offer personalized appraisals and coverage for parts theft.
• ABA Seguros (Chubb Mexico)
  They have experience with luxury and vintage cars. The service is very personalized.
• Hagerty Mexico
  They're just entering the domestic market, but they're leaders in classic cars in the United States. You can manage almost everything from their app.

What should you consider before purchasing classic car insurance?

I learned this the hard way, so I'll leave it to you as a checklist:

✔ Type of use: Declare whether you only use it for events, short walks or exhibitions.
✔ Agreed value: Negotiate the real value of your car, do not accept the base table.
✔ Where do you keep it?: Having a private garage helps you lower your premium.
✔ Limited mileageMany policies reduce the cost if you don't drive more than a certain number of miles per year.
✔ Documentation: Keep everything that proves its condition and authenticity.

What can we expect next?

With the rise of young collectors and the rise of classic cars on social media, insurers are likely to continue adapting.

Here are some predictions for what's coming:

• Further mobile apps to manage policies, make reports and access emergency services.
• Membership discounts in classic car clubs.
• Inclusion of event insurance, for those who only want coverage for a few days (very useful for exhibitions).
• Specialized roadside assistance, with cranes that know how to handle a classic without damaging it.

My personal conclusion

Classic car insurance isn't a luxury. It's a necessity if you truly value what you own.

Whether it is a Beetle from the 70s, a Sixties Mustang or a Restored Combi, you need to protect that story on wheels.

And the best part is that 2025 brings good news: more options, more coverage designed for collectors like you and me, and fewer headaches.

So if you haven't insured your classic car yet, now's the perfect time.

Don't wait for something to happen. Research, compare, and choose the best option for you.

And you, have you already insured your classic car? Have you had any good or bad experiences with insurance companies?

Tell me in the comments and share this article with other classic car enthusiasts.

See you at the next ride.