
Be sure to get a vintage RV appraisal from a member of the American Society of Appraisers (ASA) who understand how to determine real market values. Here, a 1967 Airstream Caravel completed by A&P Vintage Trailer Works.
Look at any sales listing for classic RVs and you’ll see they’re a hot commodity on the open market. Unfortunately, obtaining vintage RV insurance coverage that reflects their rising values is difficult. If you’re buying your first vintage trailer and want full “comprehensive” coverage that fairly compensates you if a total loss occurs, don’t sign any insurance papers until you follow these three steps that will have you covered from roof to axles.
Step 1: Get an Appraisal
A vintage RV has lots in common with things like your grandma’s antique diamond wedding ring. That’s because your vintage RV’s cost was fully depreciated long ago, but today it’s worth even more on the open market. For example, let’s say a restored vintage RV sold for $5,000 in 1975, but now people are willing to pay $15,000 to $25,000 because it’s a classic. If you bought that rig as a fixer-upper for $7,000 then put another $3,000 into it after the sale, most automobile insurance companies will usually only insure your RV for the original purchase amount of $7,000.
“They look up the year and basically pay you junk value or your purchase price – if you have a bill of sale – in case your trailer is destroyed,” says vintage trailer expert April Wantiez of Fort Collins, Colorado. She adds that each insurer is different and a good agent can clarify what’s covered and what isn’t.

A restored 1961 Streamline completed by Silver Bullet Trailer Inc.
In all fairness, insurance companies have good reason for such minimal coverage. Unlike antique automobiles, there are no official guidebooks to determine the current value of a vintage RV. Rigs over 20 years old aren’t listed in NADA Guides or the Kelly Blue Book and restoration quality varies wildly, leaving their claims adjusters to guesstimate a vintage RV’s current value.
The good news is that you can prove to your insurance company what your trailer is worth and get a policy that reflects it. “In order to cover a vintage or antique (auto or trailer) for its true higher value, you have to find a provider who will insure it for an “Agreed Upon Value,” says Wantiez, who adds that you’ll need to do your homework to obtain a number your insurance company will accept.
First, get a vintage RV appraisal from a member of the American Society of Appraisers (ASA). These specialists understand how to determine real market values of individual vintage RVs by comparing yours to others on the market. Since there aren’t very many of these appraisers, you’ll find them by:
- Talking to people who own the same rig. Join groups like Air Forums or Tin Can Tourists to get referrals to vintage RV appraisers.
- Visiting vintage RV dealers. If you’re buying from a dealer, be sure to ask if anyone on staff does ASA appraisals. You might be able to get one included in your purchase.
- Contacting well-known vintage RV appraisers like Heintz Designs Vintage Trailer Restorations, Lance Lambert or Polk and Associates or others recommended by Tin Can Tourists.
Step 2. Find Companies That Write Vintage RV Insurance Policies
We don’t know any insurance companies that only insure vintage RVs but there are those who will write policies for them. Based on vintage RV forum discussions like this one and vintage RV insurance research compiled by Tin Can Tourists, companies willing to write vintage RV insurance include RV Advantage and Progressive Insurance.
Step 3: Obtain an “Agreed Upon Value” Policy
Insurance companies will automatically offer liability coverage for vintage RVs. That just means you’re covered if you hit someone. Some will offer full “comprehensive” coverage vintage RV insurance but only cover up to “Actual Cash Value” – the amount you paid for it. For maximum coverage, get an insurance policy that covers you for a designated “Agreed Upon Value” of your vintage RV. This ensures your rig will be repaired or fully replaced for it’s current market value if you file a claim.
Remember:
- Agreed Upon Value means that you and the RV insurance provider have reached an understanding about what your vintage RV is really worth. Thanks to your certified appraisal, the insurance company will cover you for that amount if you have a total loss of the RV. You want your policy to have this phrase in it.
- Actual Cash Value means that the RV company determines the value, which is zero for vintage RVs. Don’t buy a policy with Actual Cash Value.
Finally, whatever you do, don’t confuse either of these terms with “Stated Value.” According to Tin Can Tourists, “Stated Value” simply means you’ve told the insurance provider what your rig is worth, but there is no real basis for that number. In the event of a loss, the true value of your vintage RV is open to interpretation.
Vintage RV insurance sounds complicated but it gets easier once you obtain coverage for the first time. Good thing, because once you buy that first retro rig, odds are good that you’ll become addicted and add others to your vintage RVing lifestyle.

Rene Agredano and her husband, Jim Nelson, became full-time RVers in 2007 and have been touring the country ever since. In her blog, Rene chronicles the ins and outs of the full-timing life and brings readers along to meet the fascinating people and amazing places they visit on the road. Her road trip adventures are chronicled in her blog at LiveWorkDream.com.
Unfortunately Progressive does not provide agreed value policies on vintage trailers. I don’t know if they have in the past but as of today, April 2018, they do not.
Progressive does, through Farm & City Insurance (Progressive is an underwriter) as well as going through progressives national company and not a local agent. My vintage trailers are insured through Progressive under an ‘Agreed Upon Value’ policy with a professional appraisal.
I had the same experience as Heather. No agreed value insurance from Progressive. I called the national company and was told they could offer me agreed value, spent 45 on the phone outlining a policy and got my contract which read “stated value” or “actual cash value” whichever is less despite having an appraised value. I am fuming.
If you can share the agent you went with and a direct line or extension to talk with that person, feel free to share.
Tim…I have an 1986 Sovereign Airstream and am hoping to get an Agreed Upon Value from Progreesive which is where I’ve got my vehicles insured…any tips….Tom in Mt Vernon Iowa
Contact farm and city INS. 800-331-1520. They will find the INS you need for your vintage trailer 😊 I have progressive insurance as of now. I just realized that my paperwork says if anything happens, my trailer would be at cash value. I had spoke with the agent back and forth stating and confirming that I would get what I agreed to on the value of my trailer. I felt like I was lied to. The farm and City insurance will find the insurance for you when you need a AGREED UPON VALUE for your trailer.
How much did you pay for your appraisal?
~$300
For two years I have gone back and forth with Progressive regarding the policy of my 1962 Frolic Travel Trailer. We completely restored the trailer and requested that she would be insured for the current value. I asked multiple times whether an appraisal was needed, and Progressive insisted that it was not. When I received the paperwork, it stated that the rating base was $20,000.00 but the coverage would be actual cash value at time of loss. I immediately called Progressive and again was ensured that should, for example, my trailer burn down, I would be insured for $20,000.00. Still feeling uncomfortable with the seemingly conflicting information give on the phone and on the paperwork, I decided to email them. I really wanted to get something in writing. The written response again claimed that, yes, the trailer was covered at $20,000.00. At the time of my renewal, I decided again to get clarification. I chose to use the online Chat function this time. After a chat that went well passed an hour, I was told that they could not change the policy to the Agreed Upon value as the trailer was too old. For a trailer this age, only ACV could be applicable (they would not accept appraised value). They had no answer to why it was that they agreed to charge me for a $20,000.00 policy, knowing full well that there was no way they would ever consider the ACV being close to that. Needless to say I am shopping for a different insurance company.
I too have had the worst run around with Progressive for my 81 Avion. Lots of double talk but no real market value policy REGARDLESS of certified valuation.