As noted in the text above, in addition to autos 25 years and older, some specialty insurance programs now consider newer vehicles such as exotic and sports cars like Ferraris, Porsches, Corvettes and Vipers. It's best to inquire on a per-vehicle basis. Many specialty programs limit owners to driving collectible or classic vehicles or street rods to only 2,500 miles per year. Companies such as Hagerty offer flexible usage guidelines and encourage collectors, especially those who are true hobbyists, to drive and enjoy their vehicles. Hagerty, however, does require that the collector or hobbyist own a daily driver that is used and separately insured for everyday driving.
Enthusiasts like to share their collectible car or truck with others.
This could be during a Sunday drive or displaying the vehicle in parades and shows. Some programs require the vehicle be in the owner's presence at all times when not in the garage. Collectors should consider these types of restrictions and find a policy with flexible usage guidelines that best suit their overall needs. There are many factors considered when valuing a vehicle. The first thing is whether the car is a stock original vehicle.