Car insurance for classic and vintage cars: Special considerations


03 Jul 2023

Insuring Classic and Vintage Cars: Key Considerations

Classic and vintage cars hold a special place in the hearts of automobile enthusiasts. These timeless machines are more than just vehicles; they are pieces of history and art. If you're lucky enough to own a classic or vintage car, it's essential to understand the unique considerations when it comes to insuring these cherished possessions.

Things to consider while obtaining car insurance for classic and vintage cars

  1. Agreed value coverage

    Unlike regular cars whose value depreciates over time, classic and vintage cars can appreciate in terms of value. Standard auto insurance policies often use actual cash value (ACV) to determine payouts in the event of a total loss. However, this may not be suitable for classic cars due to their increasing value. With agreed value coverage, you will rest assured that you receive the agreed-upon amount if it is damaged beyond repair.

  2. Limited mileage

    Classic and vintage cars are typically not driven as frequently as everyday. These stipulate that the car should not exceed a certain number of miles per year. By opting for limited mileage coverage, you can often secure lower insurance premiums, as the risk of accidents or damages is reduced.

  3. Specialized repair shops

    Searching for a qualified mechanic who specializes in classic and vintage cars can be a challenge. Therefore, when choosing a classic vehicle or vintage vehicle insurance for your classic beauty, it's essential to inquire whether the policy allows repairs at specialized repair shops. These shops have the expertise and knowledge to handle the unique requirements of classic and vintage cars, ensuring that any repairs are performed correctly.

  4. Storage and security

    Classic and vintage cars are more susceptible to theft and vandalism due to their uniqueness and high value. Proper security measures could be included with features such as alarms, tracking systems, and immobilizers along with storage garage facilities. Complying with these storage and security requirements may help reduce insurance premiums.

  5. Documentation and appraisal

    When insuring a classic or vintage car, proper documentation is crucial. You may be required to provide detailed photographs, maintenance records, restoration documentation, and even professional appraisals to establish the car's condition and value. These documents help us to determine the appropriate coverage and ensure that you receive a fair settlement in the event of a claim.

Why is it essential to have insurance for classic and vintage cars?

Car insurance for classic and vintage cars is necessary due to several reasons and special considerations. Let's explore why it is essential to have an old car insurance policy specifically tailored for these unique vehicles:

  • Car insurance provides financial protection by covering these expenses, ensuring that you don't have to bear the entire financial burden out of pocket.

  • Classic and vintage cars are often rare, and finding original replacement parts can be challenging and expensive. Insurance for old cars takes into account the difficulty of obtaining authentic parts, making it easier to restore the car to its original condition after an incident.

  • Insurance policies for these vehicles often offer limited mileage coverage, which takes into account the reduced risk of accidents due to limited usage which results in lower insurance premiums.


Owning a classic or vintage car is a dream come true for many automobile enthusiasts. To protect your investment and preserve the legacy of these unique vehicles, it's essential to secure appropriate classic car insurance & vintage car insurance. Remember to consider all special factors when selecting our insurance policy at kotak general insurance.

Related Blogs

Price & specifications of the finest luxury cars

Highlighting features of Tata cars

Valuation of Used Cars

Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.