Antique car insurance policies and classic car insurance policies establish restrictions that are not included in standard car insurance policies. Insurance companies vary in the policy limits they impose, but most often the restrictions include minimum driver's age, maximum yearly mileage, and storage conditions. The combination of these limitations results in lower insurance premiums. Most antique car insurance companies offer low deductible policies as well as no deductible policies. Premiums may also be reduced if all policy restrictions are met each year.

Antique car insurance companies want to ensure that the car's owner and all insured drivers are responsible, careful drivers. Some policies set twenty-five as the minimum age for any driver of the insured vehicle. Past driving records are reviewed, and only applicants with excellent records are insured. Insurance coverage is usually limited to drivers with more than five years of driving experience.Most antique car insurance policies restrict the number of miles the car can be driven in one year. The maximum yearly mileage is usually set somewhere between 1,000 and 6,000 miles. Antique cars are typically purchased for their investment value or because the owner is pursuing a hobby. Antique car insurance policies set limits for the yearly mileage in anticipation that the vehicle will be used only as a display car in seasonal parades and car exhibitions and shows. Some insurance companies do not impose a limit for annual mileage, but their policies state that the car should not be used for everyday transportation.

Certain storage conditions must also be met in order to obtain an antique car insurance policy. Antique cars are generally valuable and are sometimes also rare. Storing the car in a locked garage or other secure, enclosed vehicle storage area is required by these insurance policies. In addition, some policies include statements which obligate the insured to stay in close proximity to the vehicle whenever the car is in use, such as at a car exhibition.

Some traditional automobile insurance companies will insure antique cars, but it is usually a wise decision to insure an antique car through a specialty car insurance company. An antique car insured by a traditional car insurance policy can cost as much as five times as much as an antique car insurance policy. Standard car insurance companies are not accustomed to insuring antique cars, and their policies are not written with the unique considerations necessary for antique cars. Coverage limits for standard car insurance policies are approximately $50,000 for older cars. The great majority of antique cars require a much higher coverage