Vintage car insurance – what you need to know:


16 Jun 2023

Understanding Vintage and Classic Cars: A Guide to Insurance Coverage

There is something very endearing about vintage cars. The old-school charm that they bring with them adds more to their ever-increasing value. However, when you possess or plan to buy a classic car, understanding the insurance coverage available for these vehicles is essential. In this article, we will explore the different types of classic car insurance options that are available for vintage car owners. Let us also discuss how best to insure your classic vehicle with car insurance online.

What are vintage cars? What kind of insurance do they need?

Vintage cars are automobiles that are known for their elegant and unique designs. These cars were built during a time when the automobile industry was still in its early stages, and they often have distinctive features such as wooden bodies, hand-cranked engines, and large, spoked wheels. Here, it is important to note that people often refer to classic cars as vintage cars and vice versa, which is incorrect. It is important to understand the distinction between them, as this can impact your car insurance options.

  1. Vintage Cars:

    Vintage cars are automobiles that were manufactured between the years 1919 and 1930, a period that is commonly referred to as the "Vintage era." The Vintage and Classic Car Club of India (VCCCI) is India's ultimate authority on vintage cars. Only vehicles with VCCCI certification are recognised as vintage vehicles. The value of these cars does not change even if modifications are made to them.

  1. Classic Cars:

    Classic cars are those produced between 1940 and 1970, and in order to retain their classification, they should not have been altered significantly from their original make and specifications. Any excessive modifications will cause a car to lose its status as a classic car.

Do vintage cars need car insurance?

In India, the Motor Vehicles Act 1988 makes it mandatory for all vehicles to have at least a third-party liability insurance policy. This applies to vintage cars as well, which means that vintage car owners must have at least a third-party liability insurance policy. In addition, vintage car owners may choose to purchase comprehensive vintage car insurance that provides additional coverage for theft, damage, or other risks associated with owning a vintage car.

What factors affect classic car insurance?

Just like all other cars, third-party liability cover is mandatory for vintage and classic cars, and the own-damage cover is optional. However, certain features of the car can impact the premiums payable. Let’s take a look at them-

  1. Age of the car

When it comes to vintage or classic car insurance, the age of the vehicle is a significant factor that influences the insurance premium. Generally, the older the car, the higher the insurance premium will be.

  1. Present value of the car

The determination of insurance value for a vintage car is significantly influenced by its current value. Typically, an appointed surveyor from the car insurance company evaluates the vehicle's value. In most instances, the valuation provided by the VCCC is accepted by the insurer.

  1. Expected repair costs

Regular investments in car repairs due to the condition or make of the vehicle will result in a higher premium for car insurance.

  1. Cost of spare parts

The cost and scarcity of spare parts for vintage cars can make repairs challenging, often requiring the sourcing of specialised components. It is typically expensive and can significantly impact the insurance premium for the vehicle.


For those who appreciate history, design, art, and craftsmanship, classic vehicles are a prized possession. While some buy such cars as an investment, for some, it is pure love for the vintage. With the increasing popularity of vintage cars, car insurance companies offer well-suited vintage car insurance. If you need to buy or renew your insurance, you can do it in easy and simple steps via car insurance online, just make sure you give it all the protection it needs.


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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.