Can a car be too old to insure?
Asked by: Sofia Rau | Last update: August 1, 2025Score: 5/5 (60 votes)
What's the oldest car you can insure?
Some classic car insurers require the car to be at least 25 years old. Others insure older cars of any age that have been restored or modified. Classic car insurance providers often insure your vehicle at a value that you and the insurance company agree upon.
Can you get full coverage on a 20 year old car?
Your rates for comprehensive coverage or collision coverage on an older vehicle may be lower than what you'd pay for those same coverages on a newer car that's worth more. That's because you'd have less coverage (lower "coverage limits") on an older car.
Why would a car be uninsurable?
The common reasons include poor driving history, past attempts at claim fraud, vehicle modifications, and driving an improperly imported car. The list is based on data from the Insurance Research Council, the Insurance Information Institute, and other industry sources.
Will my insurance go down if I get an older car?
The price of car insurance generally does go down as a car gets older. This is because older cars are typically worth less than new cars, so the cost to repair or replace them in the event of an accident is lower.
Is an Older Car Cheaper to Insure Than a New One?
At what age does car insurance go up for seniors?
That said, based on Progressive's data on how age impact insurance rates, car insurance for seniors typically only starts increasing at age 75+. Even then, the average 75+ premium is still lower than premiums for the 45–49 range.
Is it more expensive to insure an old car?
In general, auto insurance for older cars may be cheaper than insuring newer vehicles of the same make and model if the used car is cheaper to repair or replace. A car depreciates in value over time, which lowers the maximum amount an insurance company would have to pay in the event of an accident.
Can insurance refuse to insure a car?
Yes, there are several reasons why a car insurance company can deny coverage, but if you are turned down by one company, you may still have options for coverage. Every carrier has its own rules about who it will cover, so if one company denies you coverage, you may still have options.
What cars are difficult to insure?
In general, some companies may also refuse to sell a policy, or have restrictions on providing insurance, for vehicle types with the following general characteristics: vans carrying 12 or more passengers, camper vans, cargo vans, step vans, commercial use vehicles, customized / modified construction, those of ...
How long can you go without car insurance?
It is a crime to drive almost anywhere without car insurance coverage, even for a minute or just down the street. So, how long can you be without car insurance? If you're driving, you can't. Anytime you get behind the wheel as a licensed driver, you need insurance coverage or you'll risk incurring major consequences.
What is the best insurance company for older cars?
- Best for availability: American Collectors.
- Best for restored vehicles: Hagerty.
- Best for regular use: Safeco.
- Best for immediate coverage: Grundy.
- Best for high-value vehicles: Chubb.
What is the age cut off for car insurance?
But how long can you stay on your parent's policy? Unlike health insurance, which can have an age limit of 26, you can stay on your parent's car insurance policy indefinitely if you live in the same house. Now, if you move out, you'll probably need your own.
Why is my insurance so high for an old car?
Although they may have a lower value, older cars may also have expensive parts that could make repairs expensive. The older a car gets, the harder it may be to source these parts for repair, which can also drive up the cost of car insurance for older cars.
Can you insure a 25 year old car?
A vehicle is usually considered an antique car eligible for a collector car insurance policy if it is 25 or more model years old. But, other types of vehicles may qualify for a collector car insurance policy.
What is considered an old car for insurance?
If you are a California driver, then being at least 25 years old is one of the major requirements for the car to be considered “historic” by the state.
When should you drop full coverage on a car?
- You drive a high-mileage car. ...
- You struggle to fit the cost of auto insurance in your budget. ...
- Your car is worth less than the cost of your full-coverage policy. ...
- You have relatively high risk tolerance. ...
- You rarely drive.
What would make a car uninsurable?
The common reasons include poor driving history, past attempts at claim fraud, vehicle modifications, and driving an improperly imported car. The list is based on data from the Insurance Research Council, the Insurance Information Institute, and other industry sources.
What is the cheapest reliable car to insure?
The Honda CR-V, Mazda CX-5, Jeep Wrangler and Subaru Outback are the cheapest cars to insure. All three have full coverage rates under $250 per month, on average.
What brand of car breaks down the least?
To put these rankings in context, CR's top five brands ranked on average predicted reliability — Lexus, Toyota, Mini, Acura and Honda — all scored in the 70s, making them twice as dependable as many of the brands listed below, according to CR's methodology.
What to do if no one will insure my car?
If you're denied insurance, the first step is to call another insurer—different companies have different parameters. However, if several insurers have denied you, you may need to consider these options: Join a state assigned risk pool – Auto insurers participate on a voluntary basis in state assigned risk pools.
Why would an insurance company deny coverage?
Violation of Policy Terms. The insurance company could also deny coverage if it determines the policyholder breached the insurance contract. For example, the at-fault driver's license may have been suspended, or the driver may have been committing a crime when the accident occurred.
Does your car matter for insurance?
The make and model of your car can affect your car insurance rate based on how often that make is involved in insurance claims, how much it generally costs to repair or replace the vehicle, and the safety features it has.
At what age is car insurance most expensive?
The Insurance Institute for Highway Safety reports that teen drivers are four times more likely to get into a car crash than drivers 20 and older. As a result, car insurance companies view young drivers as the most risky to insure. Drivers ages 16 to 24 tend to face the highest premiums compared to other age groups.
Is it cheaper to insure a new or used car?
Insurance is usually cheaper for used vehicles because it doesn't cost as much to repair and replace them as new cars. However, factors other than your vehicle's age, such as your car's make, model and safety technology, can impact your premium, so used car rates aren't always less expensive.