Collector Car Insurance in Knoxville, TN
Collector car insurance covers classic, antique, muscle and exotic vehicles for an agreed value, the amount you and the insurer settle on up front, instead of the depreciated actual cash value a standard auto policy pays. It usually costs less than regular auto coverage because collector cars are driven less and stored carefully. Elite Insurance Group was founded on a passion for muscle cars and hot rods, and collector coverage is still our flagship program.
What a collector car policy can include
- Agreed value coverage, so a total loss pays the value you set, not a depreciated figure
- Spare parts and tool coverage for project cars
- Roadside assistance and flatbed towing
- Coverage while you drive to and from car shows, cruise-ins and club events
- Options for project cars under restoration and for multi-car collections
Who qualifies
Eligibility rules vary by carrier, but most collector programs look for:
- A vehicle that is kept for enjoyment, shows and occasional pleasure driving rather than daily commuting
- Secure storage, typically a locked garage or private storage unit
- A separate daily-driver vehicle insured on a regular auto policy
- Drivers with a reasonably clean driving record
Newer exotics and modern collectibles can qualify too. If you aren't sure, ask us and we'll check with the carriers we work with.
Collector car vs. regular auto insurance
A regular auto policy is built for a car that loses value every year. If a restored 1969 Camaro is totaled, a standard policy pays what the insurer decides it was worth on the day of the loss. A collector policy pays the agreed value you documented in advance, which is why photos, appraisals and receipts for your build matter.
Why Knoxville clients choose Elite Insurance Group
- Independent: we compare carriers like Travelers, Progressive, Liberty Mutual, Nationwide, Erie, Encova, Penn National and Foremost instead of selling one company's policy.
- Claims experience: our team brings 25+ years of insurance and claims experience, so we write coverage with the claim in mind.
- No agency or broker fees: you pay the carrier's premium, nothing extra to us.
- Local: a family-owned Knoxville agency serving Knox, Blount, Anderson, Loudon, Sevier and Roane counties.
Frequently asked questions
How much does collector car insurance cost in Tennessee?
It depends on the vehicle's value, how and where it's stored, how much it's driven, and the driver's record. Because collector cars are driven less, premiums are often lower than a standard auto policy for the same car. We'll quote it across multiple collector programs.
Can I drive my collector car whenever I want?
Most collector policies allow pleasure driving, club events and shows, and some have flexible or no set mileage limits, but they generally exclude commuting and everyday errands. We'll match you with a program whose usage rules fit how you actually drive.
Do I need an appraisal?
Not always. Many carriers accept photos and a value supported by recent sales of comparable cars. Higher-value vehicles or heavily modified builds may need a professional appraisal.
Are project cars covered?
Yes, many programs cover vehicles under restoration, including parts stored separately. Coverage limits often step up as the build progresses.
Get a quote
Tell us what you need and a licensed local agent will follow up. Start your collector car quote or call (865) 687-5140, Monday to Friday, 9 to 5.