Special features of classic car insurance
Affordable - but with its own rules!
Classic car enthusiasts have reason to rejoice: it has never been as affordable as it is today to insure their classic vehicles. However, classics and new cars are at least identical in one respect: neither of them can hit the road without insurance. But that's where the similarities end.
While the everyday car navigates the hazards of dense traffic, racking up kilometers day in and day out, drivers of classic cars typically move their vehicles less frequently and more cautiously. This defensive driving style has translated into particularly affordable insurance rates in recent years, with hardly any insurance company overlooking vintage or collectors cars.
To qualify for the attractive special rates offered for classic cars, owners must adhere to a few rules that are similar across all insurance companies. The annual mileage should not exceed 5,000 km or 10,000 km, as exceeding these limits increases the risk and causes premiums to skyrocket. Often, the policyholder must also be at least 25 years old, as statistically, damage frequency is above average in younger age groups. Originality is also important: while someone who installs a Subaru Turbo Boxer engine in the rear of their VW Beetle to be better equipped for Porsche hunting is welcome, they cannot expect the low-rate coverage of the 34 PS base model for this riskier vehicle.
The basis for calculating the premium is a comprehensive vehicle valuation, which should be regularly updated.