Vintage is the new black. You’ve managed to maintain your car (or maybe even your dad’s ride) for a very long time. The one downside to your vintage ride, however, is that replacement parts and touch-up paint (among other things) becomes incredibly scarce. This can become a real concern when you need your car insurance to come to the rescue after a car accident. So what can a car insurance policy do for you and your classic car?
How Do Car Insurance Companies Cover Old Cars
Most insurers are happy to begin covering cars younger than 8 years and maintaining that cover for as long at the insured pays their monthly premium. However, in some instances, car insurance companies offer cover for cars well passed the 8-year mark.
These specialised car insurance policies are similar to a comprehensive car insurance policy, which would include cover for theft or damage. These policies also go the extra mile in terms of covering car parts that you have temporarily removed for service, restoration or repair purposes.
Many classic cars require specific parts that may not be on hand at your local garage. That’s why car insurance for old cars also extends to covering replacement parts that would have to be imported after an insured event.
If your vintage vehicle is written off in an accident, your insurer may give you the option to buy back any parts that can be salvaged and reused. At a discount, of course.
Should your classic car suffer any further damage while it’s with a dealer that is a member of the motor trade. The only exception in this case would be if your car was somehow involved in a collision while in the care of your dealership. But what are the chances of that?
What Is Defined As A Classic Car?
While the criteria differ between car insurance providers, the few that do insure old cars categorise a classic or vintage car as any automobile over 20 years old. However, there are a couple conditions attached to this deal. For one, this car must not travel more than 10,000km per year. For another, the car must be certified as a classic by a car dealership. After all, as with all insurance deals, nothing’s official unless it’s in writing.
What Benefits Can Be Added To Car Insurance For Old Cars?
Like any comprehensive car insurance policy, specialised car insurance for old cars typically includes optional benefits like car hire, roadside assistance, and others.
There are also some services that are natural bedfellows with car insurance. Things like Scratch and Dent Cover and Tyre Insurance can help to maintain the appearance and resale value of your classic car. Some car insurance companies either offer these as part of their car insurance policies or will cut you a deal on your monthly premiums if you invest in these services with the same insurer.
Now that you know what to look for in car insurance cover to keep your classic car looking it best, let’s talk car insurance quotes. With All Things Motor, you can have your pick from South Africa’s top car insurance companies. Apply for a quote today!