Insurance for Antiques and Classic Cars There are various different types of classic vehicles. Automobiles manufactured approximately 1904 are viewed "veteran cars," as the Edwardian era spans from 1905 approximately 1918, and also the Vintage period lasts from 1919-1930. For the most part, cars usually are regarded as being "classics" if they were manufactured at the very least before 1974, but cars made even somewhat recently might be looked at as "classics" should they are rare or collectible. The insurance classic car insurance qld cheapest classic car insurance company industrys solution to this problem is surely an optional coverage they call stated-amount coverage. Heres the way it operates: You collect and send to your insurance company both interior and exterior photos of the car as well as a market-value appraisal from your competent appraiser. The car will be listed on the policy for $10,000 (or whatever its worth), and you also pay a premium according to that $10,000. Classic insurance policies are basically like conventional automobile insurance except its specifically classic cars. Classic describes cars which are generally over a certain age, that is usually about 25-30 years. Only certain insurers offer renters insurance therefore the first task would be to get somebody who offers this kind of policy. There are plenty of lists around online so just execute a Google search which needs to be enough. The peculiarities of classic cars are the older they get, the bigger their value whilst almost every other cars will depreciate in value while they aged. In this respect, some insurance companies actually charged an increased premium as well as placed restrictions as to its usage like limiting it for parades, classic car shows or organized meets. Some even see a extent of limiting the amount of miles the auto might be driven monthly/yearly, and also the distance it may be driven from a residence. Many classical cars are vintage and valued commodities, so do ensure when getting insurance that youve an agreed value because of its cost, otherwise you may find yourself in case of claims failing to get the truth is cost. Keep an eye on the cars value and regularly update this along with your provider to see if youd probably nevertheless be covered for that vehicles full amount. Being a well used car its value may continue to rise the older it gets.