Classic cars make for great collector’s items and investments. Some models can sell for many millions, costing more than most modern hypercars. If you own such a collectible car, classic car insurance is all but a must. Reach out to Midwest Professional Insurance to learn more about classic car insurance.
Four Most Valuable Classic Cars
The 1962 Ferrari GTO
One of the most iconic cars from one of the most iconic auto brands of all time, buying a 1962 Ferrari GTO could set you back around $50 million. This Ferrari won the 1962 Italian GT Championship. Just 36 models were built, explaining the high price tag.
1956 Aston Martin DBR1
Aston Martin ranks among the most respected brands in the supercar world. Its classic cars often sell for millions of dollars, with one 1956 Aston Martin DBR1 fetching over $22 million at an auction in 2017. This model won the Le Mans in 1959.
1935 Duesenberg SSJ
Many of the most valuable collector’s cars hail from the late 50s and 60s when the global auto sports industry raced into the imagination of populations across the world. The 1935 Duesenberg SSJ hails from an earlier era but has fetched $22 million at auction. You can bet the buyer took out classic car insurance. This American legend packs a dual-supercharged, inline-eight-cylinder engine that cranks out 400 hp, a massive amount of power for the era.
1965 Ford Mustang
Individually, the Mustangs from 1965 typically aren’t as valuable as the cars mentioned above. However, most of the aforementioned cars are incredibly rare, whereas more than 500,000 Ford Mustangs were put together in 1965. This car played a major role in ushering in the era of muscle cars and remains highly sought after, often selling for $50,000 or more. Limited edition variants, like the Shelby models, can sell for more than a million.
Have a collectible car in Kansas you’d like to insure with classic car insurance?
Contact Midwest Professional Insurance serving the residents of Kansas. We are happy to help!