Compare 1980s Vehicle Insurance Rates [2024]

If you’re about to buy a car from the 1980s, you’ll want to protect your investment. You’ll be looking for insurance plans for 1980s cars and wonder if these companies approach this type of coverage from a different direction. We’re here to help and have done the research for you, with answers below.

What does it take to insure a 1980s classic car?

People often refer to vehicles from this era as “modern classics.” 

There’s no particular definition, but you may be able to get a specific type of insurance coverage from a variety of prominent market players. Certain conditions will apply, but the actual rates may be favorable.

Who offers this type of classic car insurance?

Not long ago, you would have had to go to a specialty insurance company, like Grundy, to ask for this type of policy. 

While these organizations are still around, many leading national carriers can also help you. Some of these insurers work directly with specialist organizations to provide a solution. But if you already have a policy with one of these keynote companies, you can keep all your business in one place.

Look into all of your options before choosing a policy. Compare Grundy classic car insurance reviews and rates to those of some of the standard insurers that offer classic car insurance and determine which seems like the best choice for your situation.

What type of coverage is available for 1980s cars?

You can get full liability coverage, as well as uninsured or underinsured motorist policies, personal injury protection, or medical payments coverage.

Read more:

• Compare Older Vehicle Insurance Rates

How can I protect my classic car’s value?

When it comes to collision or comprehensive coverage, you’ll be pleased to hear that the level of protection will depend on the agreed value of your vehicle between you and your insurer. 

In other words, you can talk with the insurance company to find a figure that reflects the amount of money you have invested in the car. Certainly, you need to be realistic, and the company will have specific industry guidelines. It will also reserve the right to review the policy each time it is up for renewal.

Nevertheless, this approach is very different from a traditional policy, where the insurer will only pay you the actual market value (or the depreciated amount) of the vehicle. So, you’re likely to get a much higher valuation than you would get through a traditional auto insurer based simply on the vehicle’s age or mileage. Also, you may not have to get the vehicle appraised by an independent expert.

Are there any restrictions with insurance plans for 1980s cars?

When it comes to car insurance for classic cars like this, there may be some usage restrictions. Some policies will insist on a strict mileage imitation, and you may only be able to use the vehicle for pleasure rather than commuting. You may also need to keep the vehicle in a safe place, such as a garage that you can secure. (For more information, read our “Compare Garageless Classic Car Insurance: Rates, Discounts, & Requirements”)

How much will insurance for a classic car be?

Expect the rates to be less than for a standard automobile. Insurance companies understand that you won’t drive such a vehicle as much and will typically offer lower rates accordingly.

What about repairs on an insured 1980s car?

Ask your insurer whether it has any policies that may require you to take the vehicle to a specific repair shop. Many companies are flexible here and may leave you to choose the repair shop or even carry out the work yourself.

Can I take the insured vehicle to a classic car show?

Finally, ask your insurance company whether it will cover your classic vehicle when you take it to club gatherings or enthusiast car shows.

Final Thoughts on Auto Insurance for 1980s Classic Cars

Many mainstream insurance companies will cover your 1980s modern classic. It may agree on a specific value rather than using the traditional market value or depreciated approach that is standard elsewhere. You can expect the rates to be lower than they would be with conventional coverage, as you will be driving the vehicle a lot less. Your insurer may insist that you keep the car in storage, but you may be able to take it to a mechanic of your choice for any repairs.