Antique autos are a class unto themselves, especially to the owners who treasure them. For insurance purposes, cars with certain special characteristics fall into some unique classes (though definitions can vary province by province as insurance in Canada is regulated at the provincial level):
Antique - if it is over 20 years of age;
Classic - if it is 15-20 years of age;
Modified/Customized - if 15 years of age and older; and
Military - for jeeps, troop carriers and tanks.
Prized specialty autos are often so prized by their owners that they rarely see the outdoors in anything but good weather and are normally driven much less distance than everyday vehicles. However, if damaged, they can be much more expensive to repair to an unblemished state and are subject to different insurance rates, terms and conditions, and rules for valuation.
Cheap classic car insurance is widely available in the market today and insurers are aware that owners of classic vehicles have a tendency to maintain them very well and their vehicles are not used every single day.
People who own classic cars do not use them often and they take good care of their classic cars; this implies that the cost for classic car insurance will be cheaper than insurance premium for other kinds of vehicles. Give us a call at 705-785-3704 or get a quote online today!
News and Articles
- Swiss Re and Daimler launch Movinx to transform automotive and mobility insurance business
- CAA MyPace™ pay-as-you-go auto insurance now available in Atlantic Canada
- Onlia to Reward Canadians’ Good Driving Behaviour with Ultimate Dining Card®
- October spotlight on distracted driving
- Study shows front crash prevention works for large trucks too
- SGI’s tips to keep you safe while driving in farm country during harvest season
- Alcohol-detection systems could prevent more than a fourth of U.S. road fatalities
- Ford and Mobileye Expand Relationship to Offer Better Camera-Based Collision Avoidance
- 700 drivers reminded that distracted driving is still against the law
- IBC Hails Ontario Announcement Increasing Oversight of Towing Industry