Specialised Insurance for Classic Vehicles

Understanding Classic Motor Vehicle Insurance

Classic Motor Vehicle Insurance is a specialised insurance policy tailored to meet the unique needs of classic car owners in Australia. Classic cars, whether they are vintage, veteran, or simply older models that hold historical or sentimental value, require specialised coverage to ensure they are adequately protected. This type of insurance covers a variety of risks associated with owning and maintaining a classic vehicle, ensuring peace of mind for enthusiasts and collectors.

Why Classic Car Owners Need Specialised Insurance

• Unique Value: Classic cars often have a higher value due to their rarity, historical significance, and condition. Standard car insurance policies may not provide adequate coverage for these unique aspects.
• Specialised Repairs: Repairs and maintenance for classic cars typically require specialised parts and services from expert repairers. Specialised insurance ensures that these costs are covered.
• Limited Use: Classic cars are often driven less frequently than regular vehicles and may be used primarily for shows, exhibitions, or special occasions. Insurance policies can be tailored to reflect this limited use, potentially lowering premiums.

Key Features of Classic Motor Vehicle Insurance

• Agreed Value Coverage: Ensures that the insurance payout reflects the true value of your classic car, agreed upon at the start of the policy.
• Comprehensive Coverage: Protects against a wide range of risks, including accidental damage, theft, fire, and third-party liability.
• Specialised Repairs and Parts: Guarantees that repairs are carried out using genuine parts by specialised repairers, maintaining the vehicle’s authenticity and value.
• Flexible Usage Options: Policies can be adjusted to reflect the limited use of classic cars, including coverage for events, exhibitions, and occasional drives.
• Salvage Rights: In the event of a total loss, you may retain the salvage rights to your classic car, allowing you to keep parts or the vehicle itself.
• Roadside Assistance: Offers comprehensive roadside assistance services, ensuring help is available if you encounter issues while driving.

What Does Classic Motor Vehicle Insurance Typically Cover?

• Accidental Damage: Coverage for repair costs due to accidents, whether on-road or off-road.
• Theft and Vandalism: Protection against theft or damage due to vandalism, ensuring your vehicle is covered in various scenarios.
• Third-Party Liability: Covers legal costs and compensation if you are held liable for causing injury or damage to other people’s property.
• Fire and Natural Disasters: Insurance for damages caused by fire, floods, storms, and other natural disasters.
• Agreed Value: Ensures that you receive the agreed-upon value of your car in the event of a total loss, accounting for its unique value.
• Special Events Coverage: Protection for your vehicle while it is being displayed at car shows, exhibitions, or other events.

How iQuotes works

iQuotes is a free quote-request service. We are not an insurer and not a broker, and we do not give advice.

1. Tell us what you need insured: one short form covering the risk, where you are, and when cover needs to start. No paperwork and no account.
2. We pass it to matching brokers: your request goes to Australian brokers who write that class of insurance, and they contact you directly.
3. You deal with whoever you prefer: compare what you are offered and take it up with the broker you choose. The advice and the policy come from them.

There is no cost to you at any stage and no obligation to accept anything you are offered.

Specialised Insurance for Classic Vehicles