By David Clausen • High Value Home Insurance • High Net Worth
Updated September 19th, 2025 • 7 min read
Owning a collector, antique, or exotic car is more than transportation — it’s a passion, a lifestyle, and often a valuable investment. Whether it’s a classic 1960s Mustang, a concours-quality Ferrari, or a rare antique Packard, these vehicles deserve more than a standard auto policy.
At Coastal Insurance Solutions, we specialize in helping high-net-worth clients and car enthusiasts protect their collections. From standalone collector car specialists like Hagerty and American Collectors Insurance to high-value carriers such as PURE, Chubb, and Cincinnati Insurance, there are multiple ways to insure your prized vehicles.
This guide compares the options, explains key coverage differences, and highlights when it makes sense to keep collector cars separate versus bundling them under your high-value home insurance program.
Why Collector, Antique, and Exotic Cars Need Specialized Insurance
Standard auto insurance isn’t designed for collectible or exotic vehicles. Here’s why:
- Agreed Value Coverage: Unlike standard auto policies that pay “actual cash value” (depreciated), collector car policies guarantee an agreed value payout if your car is totaled.
- Limited Use: Collector and exotic cars are often driven sparingly, making mileage-based underwriting more appropriate.
- Appreciation: Some collector and exotic vehicles increase in value over time — unlike everyday vehicles that depreciate.
- Special Handling: Claims often require OEM parts, specialized mechanics, and transport to qualified repair shops.
For these reasons, high-value homeowners and enthusiasts turn to collector-focused insurers or bundle coverage with private client carriers for affluent families.
Hagerty: The Global Leader in Collector Car Insurance
Hagerty is the most recognized name in collector car insurance, insuring over 2 million vehicles worldwide.
Key Features of Hagerty Coverage
- Agreed Value: Full payout of your car’s insured value in the event of a total loss.
- Flexible Usage: Coverage for pleasure driving, exhibitions, and club events.
- Hagerty Drivers Club: Roadside assistance tailored to collector vehicles.
- Market Valuation Tools: Free access to Hagerty Valuation Tools for real-time car values.
- Restoration Coverage: Protects vehicles undergoing restoration.
Pros of Hagerty
- Industry leader with unmatched expertise in classic, antique, and exotic cars
- Agreed value protection with guaranteed payout
- Exclusive community and event benefits
Cons of Hagerty
- Policy is usually standalone, not bundled with your home or umbrella liability
- Requires separate billing, servicing, and claims handling from your other insurance
American Collectors Insurance: Flexible and Affordable Collector Car Coverage
American Collectors Insurance, a Markel company, is another strong choice for antique and collector cars.
Key Features of American Collectors
- Agreed Value Protection: Like Hagerty, offers guaranteed value payout.
- Mileage Plans: Options for limited annual mileage (2,500, 5,000, or 7,500 miles).
- “TLC” Program: Covers towing and labor costs.
- Spare Parts Coverage: Up to $500 included.
- Coverage for Collections: Discounts for multiple cars insured together.
Pros of American Collectors
- Competitive premiums for vehicles with limited use
- Strong reputation for customer service
- Good option for hobbyists with multiple classic cars
Cons of American Collectors
- Standalone policies separate from your main insurance portfolio
- Less integration with high-value home and umbrella liability programs
High-Value Carriers: PURE, Chubb, and Cincinnati Insurance
For high-net-worth families, luxury and exotic cars can also be insured through private client carriers. These insurers allow bundling vehicles with high-value home, umbrella, and collections coverage.
PURE Insurance
- Agreed Value Coverage for exotics and collector cars
- Worldwide Protection if vehicles are stored or displayed internationally
- Claims Concierge with OEM parts replacement
- Portfolio Bundling: Combines homes, collections, yachts, and cars into one program
Chubb Insurance
- Masterpiece Auto Preference Policy for exotics and luxury vehicles
- High Liability Limits: Ideal for affluent families with significant exposure
- OEM Replacement Guarantee: Uses original manufacturer parts
- Collector Portfolio Coverage: Supports multi-car collections
Cincinnati Insurance
- Tailored policies for antique, exotic, and collector vehicles
- Often packaged with high-value homeowners and umbrella
- Agreed Value plus optional coverage for restoration and transport
Pros of Bundling with High-Value Carriers
- Single policy portfolio covering homes, cars, and umbrella liability
- Higher umbrella/excess liability limits to protect lifestyle assets
- Concierge-level claims service with fewer coverage gaps
- Discounts for multi-policy bundling
Cons of Bundling with High-Value Carriers
- Premiums may be higher than standalone Hagerty or American Collectors
- Less “club culture” and enthusiast events compared to specialist insurers
Standalone vs Bundled Coverage: Which is Best?
The choice depends on your needs and priorities:
| Option | Best For | Key Advantage | Key Drawback |
|---|---|---|---|
| Hagerty / American Collectors | Car enthusiasts with single or small collections | Agreed value, community benefits, lower premiums | Separate from home/umbrella, standalone claims |
| PURE / Chubb / Cincinnati | High-net-worth families with homes + cars + collections | Bundled portfolio, high liability, concierge service | Premiums may be higher |
Case Example: Ferrari Collector in New York
A client owns a $4M Long Island home insured with Chubb and a 2021 Ferrari SF90 Stradale worth $650,000.
- Option 1: Hagerty Policy – $650K agreed value, ~$3,500 annual premium. Separate billing and no umbrella integration.
- Option 2: Chubb Masterpiece Policy – Ferrari covered alongside home, umbrella liability extended to auto, ~$5,000 annual premium. Single policy package.
The decision came down to cost vs convenience and liability integration. For families needing higher liability protection, bundling with Chubb or PURE made the most sense.
Coastal Insurance Solutions: Your Partner in Collector Car Coverage
At Coastal Insurance Solutions, we help clients:
- Compare Hagerty vs American Collectors vs PURE, Chubb, Cincinnati
- Decide whether to bundle or separate policies
- Secure agreed value protection for collector, antique, and exotic cars
- Integrate umbrella liability and collection coverage
We work with both specialist insurers and private client carriers, giving you complete flexibility.
Reach out to Coastal Insurance for your High-Value Auto Insurance
Insurance policies should work together, with each filling the gaps of the next. Every high-net-worth household also has its own coverage priorities. We’ll work with you closely to understand the big picture without losing sight of the small details that make your coverage a perfect fit.
Protecting your legacy is our top priority. Reach out today to learn the best ways to protect your autos, your home, your assets, and your family. With Coastal Insurance Solutions, our team of advisors will partner with you to tailor a package to your unique needs and compare quotes from the finest insurance companies.
Frequently Asked Questions (FAQ)
What is agreed value car insurance?
Agreed value means you and the insurer agree upfront on the car’s insured value. If totaled, you receive that amount without depreciation.
Is Hagerty or Chubb better for exotic cars?
Hagerty is often less expensive and enthusiast-focused. Chubb is better for high-net-worth families who want vehicles bundled with home, umbrella, and collection coverage.
Can I insure multiple collector cars together?
Yes. Hagerty, American Collectors, and high-value carriers all offer multi-vehicle options. Collectors often save money by insuring a portfolio of cars.
Does a standard auto policy cover collector cars?
No. Standard policies pay depreciated value and may deny claims if the car is used outside of regular driving patterns. Collector and high-value policies provide specialized protection.
Should I bundle my exotic car with my home insurance?
If you have a high-value home and umbrella, bundling may provide stronger liability protection and simplify claims. If you’re primarily a hobbyist, a standalone collector car policy may be more cost-effective.
