Vintage Car Insurance

Car Insurance for Vintage Cars — All You Need to Know

Car insurance for vintage cars offers financial protection to collectible vintage automobiles. As you would expect, the coverage offered is beyond a standard insurance policy. You can increase the coverage as the value of the car increases with time.This type of insurance covers repairs and the addition of expensive parts that get damaged. But you cannot use the vintage car as a primary driving vehicle. In fact, vintage car coverage policies also set a standard for the maximum annual mileage. All in all, you can get coverage for such cars not for regular use, but rather for pleasure driving, parades, exhibitions, or vintage car shows.

Criteria to Buy a Vintage Car Insurance Policy Driver should be at least 25 years old UAE driving licence holder for more than two years Must have one registered car under your name, other than the vintage car Mileage limit should be under 5,000km/year Vehicle age should be 25 years and older Must have classic driving record

Features and Benefits of Vintage Car Insurance in the UAE

Vintage cars deliver a luxury experience and since they are a timeless classic collectible, it is important to look at what benefits does the vintage car insurance offer. With this type of insurance in place, you can be assured that the vintage vehicle is maintained and preserved with the topmost priority.

Here are the benefits and features of vintage motor insurance in UAE:

• Agreed Value Coverage – It covers the car up to its full insured value that was agreed at the time of policy inception
• Spare Parts and Restoration Coverage – It covers rare parts and restoration costs if the car gets into an accident
• Limited Usage Protection – Vintage auto insurance can be customised for cars that are used for exhibitions, shows, and casual leisure drives
• Theft and Fire Damage – Car insurance for vintage cars offers compensation in case of fire, theft, or damage due to natural disaster
• Third-party Liability – This type of insurance covers damages caused to others in case of an accident for which the insured car is at fault

Exclusions for Vintage Car Insurance

Listed below are the general exclusions of motor insurance for vintage cars —

• Regular Daily Use – Even the best vintage car insurance policies don’t cover vehicles used for daily driving
• Unauthorised Modifications – Insurers don’t cover unapproved customisations
• Wear and Tear – A vintage car policy does not cover normal ageing, depreciation, or mechanical breakdowns
• Racing or Track Events – Damages that occur during competitive events or track days are excluded
• Unregistered or Uncertified Vehicle – Vehicles that don’t have proper registration or historical certification are not covered

Factors Influencing Vintage Car Insurance Costs How is the price for vintage motor insurance decided? Several key factors affect the cost, both in the UAE and worldwide — Current Market Value – The car’s value plays the biggest role. Unlike regular cars, valuing a classic car can be tricky as it depends on many factors like rarity and condition. Age of the Car – Older cars often have higher premiums. Different insurers may use different methods to judge how age affects value. Maintenance Costs – Insurers consider how expensive it is to maintain the car. The higher the upkeep, the higher the premium. Spare Part Availability – Vintage car parts are hard to find and expensive. If parts are easily available and affordable, insurance is usually cheaper.

How to Get the Best Vintage Car Insurance Policy in the UAE?

You can get the vintage car insurance policy from policybazaar.ae. Here are some simple steps that you need to follow to get connected with the right insurer.

• Step 1: Visit policybazaar.ae
• Step 2: Under the ‘Car Insurance’ tab, click on ‘Vintage Car Insurance’
• Step 3: Fill your personal details in the form and then click Submit
• Step 4: After submitting the details, our expert team will connect you with the supplier
• Step 5: Choose the vintage car insurance policy that matches perfectly with your requirements

Read More - Classic Car Insurance in UAE

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