Specialty car insurance is usually used to cover less common types of vehicle compared to a standard policy. The types of vehicle are usually unique types of client investments and can include, but are not limited to the following:

• Classic cars;
• Kit cars;
• Hot Rods and Street Rods;
• Show cars;
• Muscle cars;
• Antique vehicles;
• High quality replicas;
• Modified and custom cars;
• Custom motorcycles;
• Some antique trucks and commercial vehicles.

Because insurance companies that tailor make specialty policies for unique vehicles do so in volume, means that premiums are massively lower than those companies that do not specialise in them. Therefore a client with such needs would be much better of financially using specialty car insurance over a standard policy.

One part of specialty car insurance is the usual inclusion of ‘agreed value’ coverage. This guarantees the client, in the event of a write off or total loss, that they will receive the full value of the vehicle upon a claim. The agreed value is determined by a monetary figure that is agreed by both parties, the client and insurer. Not even all specialty car insurers will offer agreed value or equivalent so if this type of insurance is required, finding a company that do offer it is recommended.

Collectors and users of specialty vehicles also tend to own more than one collector car. Often specialty car insurers offer multiple vehicles to be included on their policies for very little extra and often at no charge. Risk is generally considered low as the vehicles tend to be used infrequently and when they are extra care is taken of them due to their monetary and sentimental value. Clients mostly use these cars for parades, shows and exhibitions whereby they will have a regular car for everyday use. Furthermore many specialist insurers will require to know that a client does have another primary vehicle for everyday use and that the specialty car is stored in a secure garage or lock-up facility. Insurance may not be agreed should these conditions are met, however all insurers have different terms and conditions so ensure that you are familiar with them before taking out cover.

If any of the above types of cars that qualify for speciality car insurance above are used in any kind of rally, track or racing event, either the vehicle will be invalid for this type of insurance or the premium will increase generously because of the extra risk to the vehicle and driver.

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