Many Ontario drivers dream of owning a classic car. They have visions of taking a leisurely drive down a country road on a sunny summer day. For many, it has become a reality. Once you get that collector car you’ve always wanted, you need to take important steps to ensure it’s protected. Classic car insurance in Ontario is at the top of the list.
You're passionate about your precious classic, antique, vintage, or collector car. She's your baby. Your pride and joy. The result of countless hours of care and attention. You want to make sure your vehicle is more than adequately protected. You also want to ensure you're not paying too much for inadequate insurance coverage.
Our insurance experts will help ensure you drive with confidence. You’ll have peace of mind in knowing your ride has protection.
Here you’ll learn important information about :
Our classic car insurance experts will help you get cheap insurance without sacrificing coverage. We want you to enjoy your collector ride with confidence. Take a drive down the 401, along the QEW, highway 400 or any peaceful country road you choose. Whether you live in Toronto, Ottawa, Hamilton or anywhere else in Ontario, we can help.
Find custom coverage for your ride based on :
The cost of classic car insurance mainly depends on the assessed value of the vehicle. An appraisal determines the value of your vehicle. Your insurance company can provide you with a list of approved appraisers in Ontario.
Even though classic cars tend to have more value, they are often cheaper to insure. Why? Owners drive them less, making less likely to get into an accident.
Many classic car enthusiasts make the mistake of covering their collector car with standard auto insurance. You could be getting inadequate coverage and paying too much for it.
Classic car insurance coverage works very similar to normal coverage. It’s just specific to vintage and classic automobiles. You can customize a policy to your unique needs. This results in better coverage for you than what’s offered by standard auto insurance policies.
Your need for classic car insurance will depend on a number of factors. This includes how old your vehicle is, whether or not it’s classified as a collector car, and more.
Not every vehicle fits the classic car category. Exotic, modified, and special interest vehicles often qualify. Speak with your insurer to determine if your vehicle qualifies.
Many associate classic cars with age, and they are right. However, classic cars are actually older than many realize.
The Classic Car Club of America defines classic cars as, “fine or unusual motor cars which were built between and including the years 1915 to 1948. All of these are very special cars that are distinguished by their respective fine design, high engineering standards and superior workmanship." However, there are some exceptions to this definition. Some vehicles produced post-1948 are classified as classics.
An antique car is at least 30 years old. Collector cars are not classified by age, but by limited availability and large demand. Vintage cars are cars produced between 1919 and 1930. Definitions may vary.
To qualify for classic car insurance in Ontario, there are a number of rules that must be met:
This is a common question we get from our customers when they purchase their first classic car. Many assume that classic car insurance is more expensive because it is special coverage. This is actually a myth.
The same amount of classic car insurance can cost a fraction of the price of what it would cost to insure your vehicle through a standard policy. This is a great reason why you should explore coverage options. Get a quote for classic car insurance and compare coverage.
Note : Some insurance companies offer coverage only if you combine it with your home or auto insurance. But don’t worry. Bundling qualifies you for even more cost savings, so it’s a win-win situation!
The OPCF 19A rider refers to the agreed value of automobile endorsement. It ensures you receive the appraisal amount in the event of a total loss car insurance claim. This is an important part of antique and collector car insurance. Most classic car insurance policies include this endorsement.
Here are some simple tips to reduce your classic car insurance rates when comparing quotes:
When you own a classic or collector car, you want the best insurance. You're passionate about your precious antique, vintage or collector car. It's your baby. Your pride and joy. The result of countless hours of care and attention. You want to make sure your vehicle is more than adequately protected.
For over 45 years, ThinkInsure has been proudly providing the best classic car insurance coverage at the cheapest rates. See why so many drivers choose ThinkInsure :
How do you define an antique car or a classic stock vehicle? Essentially, if it was built from 1900 to 1972, it likely fits the bill.
Some people will suggest that if a vehicle is 20 or 25 years old, it is automatically a classic. Just as people believe that any piece of furniture or art over 50 years old is automatically an antique. This isn't quite true for vehicles, and there's good reason for it.
As automakers' production numbers grew significantly in the mid-'70s, quality standards fell. This had an effect on which vehicles are collectibles. Some mid-'70s and '80s vehicles are not collectibles. Not many 4-door sedans from the mid-'70s and '80s are collectible. There are a great deal of vehicles that are collectible. They reflect one or more of the following characteristics :
Some cars are instant classics and attract loyal followings that help make them collectibles. For example, if these cars are made by Ferrari or Lamborghini. Limited production vehicles - such as the Dodge Viper or Plymouth Prowler are collectibles.
Eligible model years are vehicles 15 years old or older. Vehicles 0-14 years old can still be eligible.
Helping define exotic vehicles are characteristics such as cutting-edge design, technology or performance - as well as production numbers. Generally, exotic vehicles have annual production numbers of 3,000 or less.
Special interest vehicles have rare features or have special edition packages that avid hobbyists consider collectible. Depending on their use, contemporary collectibles may qualify for money-saving coverage that offers the proper protection.
There are a whole host of other categories of vehicles that are precious and need protecting. Here are a few we can help you find the proper insurance coverage:
At ThinkInsure, we work with the top insurance companies in Ontario that offer classic car insurance. Here’s who insures classic cars :
And many more!
Contact us today to explore your coverage options for your collector car, vintage ride, or classic car. We’ll match you with the insurance company that offers you the coverage you want and need.
Here are some common questions drivers ask about classic car insurance coverage :
It depends on many factors. Your vehicle type, age, value, and classification can all affect the rates offered by insurers. Compare quotes from multiple companies to find the best coverage to meet your specific needs.
Most insurers prefer drivers of classic automobiles to be at least 25 years old. They also prefer you have more than 10 years of driving experience. Consult your insurer to get clarification about their policy requirements.
Not all insurance companies offer classic car insurance. Many of the top insurers do offer coverage. But, they require you other insurance policies with them as well.
They can be cheaper to insure. It depends on the type of vehicle and your coverage needs. Speak with an insurance expert to compare your policy options.
Collector car insurance is another term for classic car insurance. Vintage and antique are also terms people use to refer to the same type of policies.
Are you a young driver and looking for classic car insurance? Unfortunately, you may have issues getting a classic car insurance policy. Most collector car policies require that you have a minimum of 10 years of continual driving experience. This disqualifies most young drivers from being able to get this coverage. You must also have a clean driving record. Speak with your insurer to inquire about coverage availability..
Vehicles need to be 25 years or older to qualify for vintage insurance coverage.
Don’t put your classic ride at risk. Make sure you have the coverage you need so you can drive your baby worry free! Request your collector car insurance quote by calling 1-855-550-5515 to talk to an insurance expert.
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