Classic Cars Insurance Restoring a classic car costs around $40,000 to $60,000.* Collecting classic cars may just seem like a hobby to some, but it’s important that these vehicles are protected in case of damage. Classic car insurance differs from auto insurance because it is nonstandard coverage and is designed to protect specialty or vintage cars. Cars that fall under classic car insurance are usually Veterans (cars made before 1904), Edwardian (cars built between 1905 and 1918) or rare, special interest or limited edition cars. Policies are evaluated on factors such as the type of vehicle, driver background, storage availability and usage.*“Classic Car Price Guide: Average Prices to Expect for Common Vehicles.” Autos.com. October 2013.