Insurance for classic car insurance policy and vintage car protection can cost about 40% less than a traditional auto policy despite having specialized feature covers. The rates are usually less as classic cars are not used for everyday use like a luxury car would be.
To buy the most optimal exotic car coverage, a classic or vintage vehicle insurance must be kept enclosed in a garage, not used as your daily vehicle, and be in good working condition.
Classic and vintage cars are prized assets where the value can change over time. Given this peculiarity of the collection, such cars can be insured at an appraisal-based agreed value for adequate cover. Most antique-specific supercar insurance policies have the OPCF 19A endorsement.
With our specialized valuation approach:
This approach ensures that your vintage car protection or luxury car insurance accurately reflects the true collector value rather than standard market depreciation models used for everyday vehicles.
Specialized custom car insurance not only protects you for accidental breakdowns but for laid-up risk. This protects your classic car in the event of accidental damage, or fire and theft, including spares and accessories in storage, while your vehicle is off the road being restored, in transit or being exhibited.
Our comprehensive coverage includes:
This specialized coverage acknowledges that vintage and luxury vehicles spend significant time in various non-driving scenarios that still require protection.
Your luxury car insurance plan should cover the cost of any original replacement parts and specialized labour, so that your car remains a classic after repair. Financed vehicles should have gap insurance to cover the difference between fair market value and what you still owe on the car.
Essential elements of proper classic protection include:
This is particularly important for exotic car coverage and vintage car protection plans, where improper repairs can significantly diminish both the authenticity and value of your prized vehicle.
Yes, most policies allow for limited event and exhibition use.
Through agreed value appraisals with specialized assessors.
Yes, including hard-to-find components for vintage models.
Limited approved modifications are permitted with prior notification.
Yes, with special rates for classic and modern vehicle combinations.
